Venus Pipes IPO: Will subscribers earn profit or make loss? Here’s what latest GMP suggests
Zee News
Venus IPO GMP suggests that offer shares could list with a premium.
New Delhi: Venus Pipes IPO was subscribed 16.31 times on the last day of subscription on Friday, May 14. This means that the initial public offer of Venus Pipes and Tubes received an impressive demand from the investors. According to NSE data, the IPO received bids for 5,79,48,730 shares against 35,51,914 shares on offer. The company has already raised over Rs 49 crore from anchor investors. Investors now must be tracking the latest Venus Pipes IPO GMP and expected listing price to get an idea of whether they will make a profit or face a loss on listing day.
Venus Pipes IPO Subscription Status
The demand for Venus Pipes IPO shares was more or less the same among all investor categories. For instance, the quota for Retail Individual Investors (RIIs) was subscribed 19.04 times. On the other hand, the portion for non-institutional investors received 15.69 times subscription and Qualified Institutional Buyers (QIBs) 12.02 times.
Venus Pipes IPO Details
Venus Pipes IPO has put 50,74,100 equity shares on the offer. The company had a price range of Rs 310-326 per share.
