Venus Pipes & Tubes sets IPO price band at Rs 310-326 a share

Advertisement



Venus Pipes & Tubes on Friday said it has fixed a price band of Rs 310-326 a share for its Rs 165-crore initial public offering (IPO).

The initial share-sale will be open for public subscription on May 11 and conclude on May 13.



The bidding for anchor investors will open on May 10, according to the company.

The public issue comprises sale of 50.74 lakh fresh equity shares of the company and there is no offer-for-sale (OFS) component.

Advertisement

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Advertisement

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

Advertisement

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard,

Digital Editor





Source link

Leave a Comment

Your email address will not be published.