Venus Pipes & Tubes Limited IPO : Issue Opens May 11, 2022

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.
Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.
The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.

Objects of the Issue:

• The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
• To meet long-term working capital requirements.
• General corporate purposes.
• Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

Competitive Strengths:

1. International Accreditations and product approvals.
2. Specialised production of Stainless Steel Pipes and Tubes.
3. Multi-fold demand for our Products.
4. Customer Diversification.
5. Experienced and Qualified Team.

Company Promoters:
Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.