Venus Pipes & Tubes IPO: How to Check Allotment Status Online

May 18, 2022 Trading 3 min read
Venus Pipes & Tubes IPO

The initial public offering (IPO) of Venus Pipes & Tubes, which was opened from May 11 to 13, received a strong subscription from all categories of investors. The IPO got subscribed 16.31 times as it received bids for over 5.79 crore shares against the offer size of 35.51 lakh shares, as per data available on the National Stock Exchange (NSE).

In the IPO, the portion reserved for retail individual investors was subscribed 19.04 times, while QIB quota was subscribed 12.02 times. Non-Institutional Investors’ quota received 15.69 times subscription.

The Rs 165.42-crore worth Venus Pipes & Tubes IPO comprised a fresh issue of 50.7 lakh shares. The company sold the shares in the IPO at a price band of Rs 310 to 326 per share. 

Venus Pipes & Tubes will finalise the share allotment on May 19, 2022. Check out the important dates and details about the IPO below:

Venus Pipes & Tubes IPO – Important Dates & Details

Issue Opening Date May 11, 2022
Issue Closing Date May 13, 2022
IPO Size Rs 165.42 crore
Price Band Rs 310 to 326 per share
Bid Lot 46 shares and in multiples thereof
Face Value Rs 10 per share
IPO Allotment Date May 19, 2022
Initiation of Refunds May 20, 2022
Credit of Shares to Demat May 23, 2022
IPO Listing Date May 24, 2022

Documents/details you will require to check Venus Pipes & Tubes IPO allotment status: 

PAN Card 

DP client ID

Application number

How to check Venus Pipes & Tubes IPO allotment status? 

Investors who had bid for the Venus Pipes & Tubes IPO can check the IPO allotment status of their application online, through these 2 modes:

The websites of BSE/NSE OR 

The registrar – KFin Technologies Ltd

How to check Venus Pipes & Tubes IPO allotment status through BSE/NSE website: 

Step 1: Visit

Step 2: Select ‘Equity’ in ‘Issue Type’

Step 3: Select ‘Venus Pipes & Tubes Ltd.’ in the Issue Name

Step 4: Enter the Application Number or PAN

Step 5: Verify and click on ‘I’m not a robot’

Step 6: Click on ‘Search’

How to check Venus Pipes & Tubes IPO allotment status through the registrar’s website: 

Step 1: Visit

Step 2: Select IPO: ‘Venus Pipes & Tubes Ltd.’

Step 2: Chose the Query by ‘Application No’ Or ’Demat Account’ Or ‘PAN’

Step 4: Enter the PAN, Application number or DPID/Client ID as per the selected option

Step 5: Enter the Captcha and click on the ‘Submit button.

Here’s how a typical IPO allotment search result page will look like: 


Application Number: Category: Allotted
57038 Retail        


Client ID: PAN:
120109001118 ADOPS4949H

Applied: Alloted:
46 46

About – Venus Pipes & Tubes

Venus Pipes & Tubes is a major manufacturer and exporter of stainless steel pipes and tubes with a total production capacity of 10,800 MT per annum. The company manufactures stainless steel pipes and tubes in two broad categories – seamless and welded. 

The company has one manufacturing plant located in Dhaneti (Kutch), Gujarat. It exports its products to 18 countries, including the UK, Brazil, Israel, and European Union countries, etc.

The company plans to utilise the IPO proceeds to finance capacity expansion, backward integration for the manufacturing of hollow pipes and meet long-term working capital requirements.

Financials – Venus Pipes & Tubes 

Venus Pipes & Tubes reported sharp growth in its revenue and net profit for the fiscal year 2021 as compared to the previous year. The company posted a net profit of Rs 23.63 crore and a revenue of Rs 312.03 crore in FY21. Its net profit in FY20 was Rs 4.13 crore and revenue was Rs 179.32 crore .

Management – Venus Pipes & Tubes 

Jayantiram Choudhary is the Chairman, Non-Executive Director and one of the Promoters of Venus Pipes & Tubes.

Arun Kothari is the Promoter, Managing Director and CFO, while Megharam Choudhary is the Promoter and whole time Director of the company.

Dhruv Patel, Kailash Nath Bhandari, Pranay Ashok Surana, Komal Lokesh Khadaria and Shyam Agrawal are the non-executive, Independent Directors of the company. 

Kumar Sinha is the president (marketing), Kunal Bubna is the president (finance and accounts), Bharat Kumar Prajapati is the production head and Om Prakash Mishra is the vice-president (operations) of the company.

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