BusinessVenus Pipes & Tubes IPO Price band fixed at Rs 310-326, IPO...

Venus Pipes & Tubes IPO Price band fixed at Rs 310-326, IPO will open on May 11

Venus Pipes & Tubes IPO price band: The company’s IPO of Rs 165 crore will open on May 11. Venus Pipes & Tubes said on Friday that the IPO will open on May 11 and close on May 13.

Venus Pipes & Tubes has fixed the price band for its Initial Public Offer (IPO). The price band has been fixed at Rs 310-326 per share. The company’s IPO of Rs 165 crore will open on May 11.

Venus Pipes & Tubes said on Friday that the IPO will open on May 11 and close on May 13. On the other hand, the bidding for anchor investors will open on May 10.

Venus Pipes & Tubes said that 50.74 lakh equity shares of the company will be sold under the IPO. It is expected to raise Rs 165.41 crore.

The company works for these sectors

The proceeds from the issue will be used for capacity expansion, working capital requirements and for general corporate purposes. The company’s ‘Venus’ brand products are supplied in diverse sectors such as chemical, engineering, fertilizer, pharmaceutical, energy, food processing, paper and oil and gas. Venus Pipes & Tubes is a manufacturer and exporter of Stainless Steel Pipes and Tubes.

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