Venus Pipes IPO gets 16
时间:2024-06-29 02:27:18 阅读(143)
The initial public offer of Venus Pipes and Tubes was subscribed 16.31 times on the last day of subscription on Friday.
The Initial Public Offer (IPO) received bids for 5,79,48,730 shares against 35,51,914 shares on offer, according to NSE data.
The IPO of 50,74,100 equity shares had a price range of Rs 310-326 per share.
Venus Pipes and Tubes had collected over Rs 49 crore from anchor investors.
Proceeds from the 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.
The Gujarat-based company is a manufacturer and exporter of stainless steel pipes and tubes.
The company, under the brand name Venus, supplies its products for application in diverse sectors, including chemicals, engineering, fertilisers, pharmaceuticals, power, food processing, paper and oil and gas.
The equity shares of the company are proposed to be listed on BSE and NSE.
SMC Capitals was the manager to the offer.
上一篇:Disinvestment target for FY25 may be set at Rs 30,000-crore
下一篇:XAT 2024- Admit Card to be released tomorrow on xatonline
猜你喜欢
- Nifty, Sensex trade volatile, Bank Nifty crashes as RBI MPC maintains repo rate at 6
- Nifty’s trend non-directional, BFSI stocks witness profit-booking; Hindalco, TVS Motors among stocks to buy
- No exit by OYO’s existing investors
- Nifty to top 17100 or will the index extend losses- Check 8 things to know before market opens
- Nifty, Sensex end 1
- Nokia G20 first look, impressions- Bringing a knife to a gunfight-
- Younion appoints Arindam Roychowdhury as vice president – strategic growth
- Nifty to rise 10 per cent in 2024; large caps will see faster growth- HDFC Securities
- Nifty, Bank Nifty outlook today- Trend remains bearish amid mixed global cues; check support, resistance