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HomeBusinessVenus Pipes & Tubes IPO to open on May 11

Venus Pipes & Tubes IPO to open on May 11

New Delhi, May 5 (PTI) The initial public offering (IPO) of Venus Pipes & Tubes will open on May 11.

According to Red Herring Prospects (RHP), 50.74 lakh equity shares of the company will be sold under the IPO. The issue will open on May 11 and close on May 13. The bidding for anchor investors will open on May 10.

Proceeds from the issue will be used for capacity expansion, working capital requirements and general corporate purposes.

The company’s ‘Venus’ brand products are supplied in diverse sectors such as chemicals, engineering, fertilizers, pharmaceuticals, energy, food processing, paper and oil & gas. The company is a manufacturer and exporter of Stainless Steel Pipes and Tubes.

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