Venus Pipes & Tubes files DRHP with SEBI to garner funds through IPO

Venus Pipes & Tubes has filed draft papers with markets regulator SEBI to raise funds through an initial share sale. Through the Initial Public Offering (IPO), 50.74 lakh equity shares of the company will be sold, according to the Draft Red Herring Prospectus (DRHP).

Proceeds from the public issue will be used for financing the project cost towards capacity expansion and backward integration for manufacturing of hollow pipes, to meet working capital requirements and for general corporate purposes.

Venus Pipes & Tubes is one of the growing stainless-steel pipes and tubes manufacturer and exporter in the country.

The company under the brand name 'Venus' supplies its products for applications in diverse sectors, including chemicals, engineering, fertilizers, pharmaceuticals, power, food processing, paper, and oil & gas.

SMC Capitals is the sole book-running lead manager to the issue. The equity shares of the company are proposed to be listed on BSE and NSE.

Amount (in INR & Million)
	30-Jun-21	31-Mar-21	Mar-20	31-Mar-19
Total Assets	1,491.97	1,375.39	1,071.91	791.23
*Total Revenue	823.38	3,120.31	1,793.22	1,205.06
Total Expense	732.38	2,810.80	1,728.35	1,155.61
Profit After Tax	68.06	236.32	41.28	37.50

Earnings per Equity Share (in Million)

	30-Jun-21	31-Mar-21	Mar-20	31-Mar-19
Basic & diluted	7.79	27.06	4.73	4.29

 Venus Pipes & Tubes Private Limited

Venus Pipes & Tubes Private Limited was established with the prime motto to serve the ever-changing needs of the clients. We are based out as a private limited company and have located our operational head at Gujarat (India).

Venus Pipes & Tubes Private Limited are the leading manufacturer and supplier of Stainless-Steel Pipe and Welded Tube. The offered products are widely demanded due to long service life and corrosion resistant nature.

Company association with stainless steel products is more than 15 years old now. Employing our vast experience as a successful trading company, we have ventured into manufacturing of stainless-steel tubular products.

Venus, ensure the finest products for our customers with nine production lines including pilgers, tube-mills with plasma welders, draw benches, annealing furnaces and many more ancillary machinery.

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Superior quality and production are achieved by implementing benchmark technologies in manufacturing processes and setting up fully-equipped in-house quality control lab conferring to international standards.

With highly dedicated and young team, we aim to become the forerunner of the tubular solutions industry when it comes to products, quality, standards, material range, pricing and most importantly customer satisfaction.

Venus Pipes & Tubes Mission

To provide quality and flawless service for dealing with customer / supplier and distributors

For transparency and high-quality delivery, establishing integrated system with the help of IT.

Venus Pipes & Tubes Vision

Making ourselves as first reference and preference in stainless steel pipes and tubes manufacturer.

To be a leading manufacturer and provider for demanding and challenging applications for stainless steel pipes and tubes.

Venus Pipes & Tubes Core Values

We are working with the highest ethical standards in all aspects of our activities.

Innovation, quality and service are most important for us and our business.

Priority to establish and maintain positive long-term relationship with our business partners.