Venus Pipes IPO allotment date: Know how to check status online, check GMP too

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Venus Pipes IPO allotment date: Investors who bid for the initial public offering (IPO) of Venus Pipes and Tubes are now eagerly waiting for the finalisation of allotment status.

Venus Pipes IPO share allotment status is expected to be declared on May 19 while the shares of the company will list on stock exchanges (BSE and NSE) on May 24.

It can be known that the issue opened for subscription on May 11 and concluded on May 13, 2022. According to ipowatch.in, the grey market premium (GMP) of Venus Pipes IPO is ₹30 which indicates that the shares are expected to list at a gain of about 5 percent.The shares of Venus Pipes IPO were subscribed 16.31 times on the last day of the bidding process that is May 13, 2022.

The shares reserved for the qualified institutional buyers (QIBs) were subscribed 12.02 times, while those of non institutional investors were subscribed 15.66 times, while retail individual investors (RIIs) were subscribed 19.04 times.

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