Venus Pipes and Tubes IPO
Venus Pipes and Tubes Limited (VENUSPIPES) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 May 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +12.6% (likely range -10% to +20%), day's high +12.7%, chance of a gain 82%. Actual: +3.5% at the open, +8.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 10,14,864 | 1,21,99,062 | 12.0x | |
| NII (HNI) total | 7,61,115 | 1,19,38,472 | 15.7x | |
| Retail | 17,75,935 | 3,38,11,196 | 19.0x | |
| Total | 35,51,914 | 5,79,48,730 | 16.3x |
Bids on NSE and BSE together, as published by NSE, as of 13 May 2022, 05:00 PM. Shares offered exclude the anchor portion. 52% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Venus Pipes and Tubes's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Windlas BiotechAug 2021 | 24.4x | 15.7x | 24.3x | 22.5x | ₹401 Cr | -5.0% | -1.7% |
| Stove KraftJan 2021 | 8.02x | 32.7x | 26.0x | 18.0x | ₹413 Cr | +29.4% | +29.4% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Exxaro TilesAug 2021 | 17.7x | 5.36x | 40.1x | 22.7x | ₹161 Cr | +5.0% | +10.2% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Ircon InternationalSep 2018 | 12.3x | 4.92x | 10.1x | 9.90x | ₹806 Cr | -13.3% | -2.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SMC Capitals | 2 | +7.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the Venus Pipes and Tubes IPO price band and lot size? ₹310–326 per share, with a lot of 46 shares, so the smallest retail bid is ₹14,996.
How many times has it been subscribed? 16.3x overall: QIB 12.0x, NII 15.7x, retail 19.0x.
How did it list? It opened at ₹338, +3.5% against the issue price of ₹326, and closed its first day +8.7%.
