Stainless steel production in India has increased steadily in recent years. The disruption caused by COVID-19 had a negative impact on the industry, but the country remained the second largest stainless steel producer in the first quarter of 2021.<\/p>\n\n\n\n
Venus Pipes & Tubes recently filed papers with markets regulator SEBI to raise funds through the sales of its shares. The company plans to sell 50.74 lakh shares through the initial public offering, according to its Draft Red Herring Prospectus.<\/p>\n\n\n\n
Venus Pipes & Tubes intends to utilize the net proceeds from the offering to fund capacity expansion and backward integration for the production of hollow pipes. Further, it will use the money to meet working capital requirements and for general corporate purposes.<\/p>\n\n\n\n
Venus Pipes & Tubes is a stainless steel pipe manufacturer and exporter, having over six years of experience in the business with a focus on the broad categories of seamless tubes\/pipes<\/em> and welded tubes\/pipes<\/em>.<\/p>\n\n\n\n The Gujarat-based company sells its products under the brand name Venus. <\/em>They have applications in various industries including chemicals, construction, fertilizers, pharmaceuticals, electricity, food processing, paper and oil & gas. The products are sold both in the domestic market and international market.<\/p>\n\n\n\n Venus Pipes & Tubes\u2019 main competitors are Jindal Saw Limited and Ratnamani Metal & Tubes Limited.<\/p>\n\n\n\n Venus Pipes & Tubes had total revenues of \u20b9312 cores in the year ended March 31, 2021, compared to \u20b9179 crores in the previous year. Its net profit was \u20b931 crores, compared to \u20b96 crores in the previous year.<\/p>\n\n\n\n Meanwhile, the emergence of modern trade channels like e-commerce may adversely affect the company\u2019s pricing ability, and result in temporary loss of retail<\/p>\n\n\n\n shelf space. It can affect the company\u2019s financial performance.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Stainless steel production in India has increased steadily in recent years. The disruption caused by COVID-19 had a negative impact on the industry, but the country remained the second largest stainless steel producer in the first quarter of 2021. Venus Pipes & Tubes recently filed papers with markets regulator SEBI to raise funds through the […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,5748,12,10444],"tags":[9799,9798,9148,9010,9800],"class_list":["post-126215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-ipo","category-other-industries","category-others","tag-pipes","tag-stainless-steel","tag-steel","tag-steel-producer","tag-tubes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":147254,"url":"https:\/\/alphastreet.com\/india\/venus-pipes-tubes-ltd-q4fy23-results-out-revenue-grows-by-60\/","url_meta":{"origin":126215,"position":0},"title":"Venus Pipes & Tubes Ltd Q4FY23 results out, revenue grows by 60%","author":"Chirag Gupta","date":"May 24, 2023","format":false,"excerpt":"Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. 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