Venus Pipes & Tubes IPO
Steel/Pipes - Listed on 24 May 2022
Venus Pipes & Tubes IPO listing summary
Venus Pipes & Tubes (Steel/Pipes) closed its IPO window in 2022 and listed on NSE and BSE on 24 May 2022 at an upper band issue price of Rs 326, opening at Rs 354.36 for a listing gain of +8.7% and closing day one at Rs 354.35 (+8.7% on closing basis). The IPO was subscribed 9.80x overall - QIB 9.08x, HNI/NII 13.85x, Retail 5.87x. The total issue size was Rs 1,600 Cr (Fresh Issue Rs 1600 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Venus Pipes & Tubes IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +6.13% |
| Day 2 | Rs 35 | +10.74% |
| Day 3 | Rs 35 | +10.74% |
| Day 4 | Rs 35 | +10.74% |
| Day 5 | Rs 30 | +9.20% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Venus Pipes & Tubes IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Venus Pipes & Tubes IPO - FAQs
What was the listing gain of Venus Pipes & Tubes IPO?
Venus Pipes & Tubes IPO listed at +8.7% versus the upper issue price of Rs 326 on 24 May 2022.
How many times was Venus Pipes & Tubes IPO subscribed?
Venus Pipes & Tubes IPO was subscribed 9.80x overall. QIB portion was subscribed 9.08x, HNI / NII 13.85x and Retail 5.87x.
What was the IPO GMP for Venus Pipes & Tubes?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 30 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.