Venus Pipes & Tubes IPO
About the Company
. 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.
- International Accreditations and product approvals.
Specialised production of Stainless Steel Pipes and Tubes.
Multi-fold demand for our Products.
Experienced and Qualified Team.
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,462.76 1,375.39 1,071.91 791.23
Total Revenue 2,782.80 3,120.31 1,793.22 1,205.06
Profit After Tax 235.95 236.32 41.28 37.50
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.