Venus Pipes & Tubes Limited IPO (Venus Pipes & Tubes IPO) Detail

May 11, 2022 - May 13, 2022

Venus Pipes & Tubes IPO is a book built issue of Rs 165.42 crores. The issue is entirely a fresh issue of 0.51 crore shares.

Venus Pipes & Tubes IPO bidding started from May 11, 2022 and ended on May 13, 2022. The allotment for Venus Pipes & Tubes IPO was finalized on Thursday, May 19, 2022. The shares got listed on BSE, NSE on May 24, 2022.

Venus Pipes & Tubes IPO price band is set at ₹310 to ₹326 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,996.

Smc Capitals Limited is the book running lead manager of the Venus Pipes & Tubes IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Venus Pipes & Tubes IPO RHP for detailed information.

Venus Pipes & Tubes IPO Details

IPO Date	May 11, 2022 to May 13, 2022
Listing Date	May 24, 2022
Face Value	₹10 per share
Price Band	₹310 to ₹326 per share
Lot Size	46 Shares
Total Issue Size	5,074,100 shares (aggregating up to ₹165.42 Cr)
Fresh Issue	5,074,100 shares (aggregating up to ₹165.42 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	15,222,010
Share holding post issue	20,296,110

Venus Pipes & Tubes IPO Reservation

Venus Pipes & Tubes IPO offers 3,551,914 shares. 1,014,864 (28.57%) to QIB, 761,115 (21.43%) to NII, 1,775,935 (50.00%) to RII. 38,607 RIIs will receive minimum 46 shares and (sNII) and (bNII) will receive minimum 644 shares. (in case of oversubscription)

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	-	NA
QIB Shares Offered	1,014,864 (28.57%)	NA
NII (HNI) Shares Offered	761,115 (21.43%)
Retail Shares Offered	1,775,935 (50.00%)	38,607
Total Shares Offered	3,551,914 (100%)

Venus Pipes & Tubes IPO Timeline (Tentative Schedule)

Venus Pipes & Tubes IPO opens on May 11, 2022, and closes on May 13, 2022.

IPO Open Date	Wednesday, May 11, 2022
IPO Close Date	Friday, May 13, 2022
Basis of Allotment	Thursday, May 19, 2022
Initiation of Refunds	Friday, May 20, 2022
Credit of Shares to Demat	Monday, May 23, 2022
Listing Date	Tuesday, May 24, 2022
Cut-off time for UPI mandate confirmation	5 PM on May 13, 2022

Venus Pipes & Tubes IPO Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	46	₹14,996
Retail (Max)	13	598	₹194,948
Lot Size Calculator

Venus Pipes & Tubes IPO Promoter Holding

Megharam Sagramji Choudhary, Jayantiram Motiram Choudhary, Dhruv Mahendrakumar Patel and Arun Axaykumar Kothari are the company promoters.

Share Holding Pre Issue	64.27%
Share Holding Post Issue	48.20%

About Venus Pipes & Tubes Limited

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories - seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes.

Venus Pipes & Tubes Limited has one manufacturing plant which is located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) with an installed capacity of 10,800 MT per annum.

The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to 18 countries including Brazil, the UK, Israel and countries in the European Union, etc.

Competitive Strengths:

International Accreditations and product approvals.
Specialised production of Stainless Steel Pipes and Tubes.
Multi-fold demand for our Products.
Customer Diversification.
Experienced and Qualified Team.

Company Financials

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2,462.76	1,375.39	1,071.91	791.23
Total Revenue	2,782.80	3,120.31	1,793.22	1,205.06
Profit After Tax	235.95	236.32	41.28	37.50

Key Performance Indicator

The market capitalization of Venus Pipes & Tubes IPO is Rs 661.65 Cr.

	Pre IPO	Post IPO
P/E (x)	21.03

Objects of the Issue (Venus Pipes & Tubes IPO Objectives)

The company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

To meet long-term working capital requirements.
General corporate purposes.
Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.

Venus Pipes & Tubes IPO Review (May apply)

[Dilip Davda] Rising trends in commodity markets helped this company to post super performance and considering bright prospects, it is on an expansion spree. Based on its latest performance, the issue appears fully priced. Its capacity will be more than doubled post-expansion. As the issue is below Rs. 250 cr. its initial listing will be in “T” group with restricted circuits and that will remove speculative activities for the initial listing period. Investors may consider an investment with medium to long term perspectives. Read detail review...

Venus Pipes & Tubes IPO Subscription Status (Bidding Detail)

The Venus Pipes & Tubes IPO is subscribed 16.31 times on May 13, 2022 5:00:00 PM. The public issue subscribed 19.04 times in the retail category, 12.02 times in the QIB category, and 15.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	12.02
NII	15.66
Retail	19.04
Total	16.31

Venus Pipes & Tubes IPO Prospectus

› Venus Pipes & Tubes IPO DRHP
› Venus Pipes & Tubes IPO RHP
› Anchor Investors in Venus Pipes & Tubes IPO

Venus Pipes & Tubes IPO Rating

1585

4.3

Rating:

Vote Here ...

Venus Pipes & Tubes IPO Listing Details

Listing Date	May 24, 2022
BSE Script Code	543528
NSE Symbol	VENUSPIPES
ISIN	INE0JA001018
Final Issue Price	₹326 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

BSE
₹326.00
₹335.00
₹335.00
₹351.75
₹351.75

NSE
₹326.00
₹337.50
₹337.00
₹354.35
₹354.35

Check IPO Performance…

Venus Pipes & Tubes Limited Contact Details

Venus Pipes & Tubes Limited
Survey No. 233/2 and
234/1, Dhaneti
Bhuj, Kachchh - 370020 Gujarat
Phone: +91 2836 232 183/84
Email: cs@venuspipes.com
Website: https://www.venuspipes.com/

Venus Pipes & Tubes IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: venus.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Venus Pipes & Tubes IPO - Buy or Not

Venus Pipes & Tubes IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	5	1	0
Members	18	0	1

Read All Reviews Post Your Review Manage Reviews

Venus Pipes & Tubes IPO Lead Manager(s)

Smc Capitals Limited (Past IPO Performance)

Lead Manager Reports

Venus Pipes & Tubes IPO FAQs

Venus Pipes & Tubes IPO is a main-board IPO of 5,074,100 equity shares of the face value of ₹10 aggregating up to ₹165.42 Crores. The issue is priced at ₹310 to ₹326 per share. The minimum order quantity is 46 Shares.

The IPO opens on May 11, 2022, and closes on May 13, 2022.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Venus Pipes & Tubes IPO using UPI as a payment gateway. Zerodha customers can apply in Venus Pipes & Tubes IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Venus Pipes & Tubes IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Venus Pipes & Tubes IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Venus Pipes & Tubes IPO opens on May 11, 2022 and closes on May 13, 2022.

Venus Pipes & Tubes IPO lot size is 46 Shares, and the minimum amount required is ₹14,996.

You can apply in Venus Pipes & Tubes IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Venus Pipes & Tubes IPO will be done on Thursday, May 19, 2022, and the allotted shares will be credited to your demat account by Monday, May 23, 2022. Check the Venus Pipes & Tubes IPO allotment status.

The Venus Pipes & Tubes IPO listing date is on May 24, 2022.

Compare IPO:

Venus Pipes & Tubes IPO Message Board

Ranked Members of Chittorgarh.com Forum Ranked Members | Members with Most Likes

1034 Comments

Stock Discussion

366. smart man | Link | Bookmark |June 28, 2022 1:20:26 PM

This scrip's on fire, regret selling it

365. iRFAN kHAN | Link | Bookmark |June 3, 2022 4:57:13 PM (200+ Posts)

Very Cold performance

364. Nikhil IPO Investor | Link | Bookmark |May 30, 2022 10:48:42 AM

I found good arbitrage in Venus Pipes shares today.. Almost 8 Rs gap.. Sold my Shares in NSE at 333 and brought it at BSE at 325.. .. The gap is still there between BSE and NSE so one can take advantage of it.

364.1. Vipin Agarwal | Link | Bookmark |May 30, 2022 12:03:51 PM

Venus is in T category (checked as per bse). So you have to have previous shares to be able to sell these shares. Each transaction is to be settled differently and also you can not do intraday trades on it.

So, you can arbitrage only if you have previous shares, that too only once.

364.2. ran | Link | Bookmark |June 1, 2022 8:41:10 PM

DiD you have previous shares in your DP ?

363. Ravu | Link | Bookmark |May 27, 2022 4:53:56 PM

IPO Mentor (700+ Posts, 400+ Likes)

I think today, it was not bad as we might expect.
Very soon it will trade above 350.

362. ~~Divya.~~ | Link | Bookmark |May 26, 2022 6:20:36 PM

Venus pipes stuck in investors.

362.1. ~~Divya.~~ | Link | Bookmark |May 27, 2022 10:44:17 AM

Venus Not performing even when niftyi s in green.

361. lokes | Link | Bookmark |May 24, 2022 12:37:02 AM

IPO Guru (4400+ Posts, 5100+ Likes)

in my opinion, expected listing price here can be approx 350 to 360.....
since its in t2t group, so there are strong chances of hitting upper circuit after listing. Whoever holding multiple lots, better to book complete/partial profit next day of listing if it hits UC after listing. For new buying, please be aware, that with most brokers, we can sell it on friday only, not before that if we buy on tuesday and as per past experiences many times in t2t shares, it hits LC from third day(Thursday here) or fourth day (friday) so take risk accordingly for new buying. Company is good for holding medium/long term but in short term, movement can be there any side as per market sentiments and UC/LC but in some weeks it should stabilize like hariom pipes. I am allotted 1 lot here and will book profit after listing in 1-2 day if getting good price.

Load more comments (9 replies)

361.1. lokes | Link | Bookmark |May 24, 2022 11:41:21 AM

IPO Guru (4400+ Posts, 5100+ Likes)

took some risk today and bought 200 shares in preopen at 337.5 since listing was below expectations....lets see how it goes after 2 days....

361.2. ColdBurger | Link | Bookmark |May 24, 2022 12:40:12 PM

IPO Mentor (1400+ Posts, 400+ Likes)

I think two UC is enough to exit for immediate profit booking. Delhivery big IPO listing on same day has already spoiled the listing and we need to wait cannot exit on 8% profit. Got lucky 2/2 retail and this happens!
For Delhivery the first time came to know about IPO (many months back) then i was having a feeling that it will be good pop listing and expressed same on some IPO page but after following the IPO page at forum and subscription figure stayed away and here is the pop as i had originally expected.

361.3. Ravu | Link | Bookmark |May 24, 2022 12:57:43 PM

IPO Mentor (700+ Posts, 400+ Likes)

@Lokes,
Are you holding Eighty Jewelers and Jeena seiko . Jeena is trading however Eighty is not trading much. What is your view on these two.

361.4. lokes | Link | Bookmark |May 24, 2022 1:35:40 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@coldburger: yes my allotted 1 lot i will be selling on wednesday/thursday for sure since its from my mother demat account so i don't want to take risk there since already 70% of her campus allotment profit went into rainbow loss :)
My today's new buying here, i can't sell anyways before friday so will take decision later accordingly.
@ravu: i have sold my eighty jewellers at 44 when it started coming down, yes it has very less trading in it , i have no interest here to buy again or track....
And in jeena sikho i have sold 1 lot at 165 and still holding other allotted lot. I may wait till results here or may sell around 155-160, not sure now, its going up down.

361.5. Ravu | Link | Bookmark |May 24, 2022 1:45:12 PM

IPO Mentor (700+ Posts, 400+ Likes)

Thanks Lokes 👍

361.6. ColdBurger | Link | Bookmark |May 25, 2022 10:08:52 AM

IPO Mentor (1400+ Posts, 400+ Likes)

@lockes - What should be strategy today? If it has not opened with UC so better to exit? I read more curbs by RBI coming and so expect market to be bearish in short term!

361.7. ColdBurger | Link | Bookmark |May 25, 2022 10:25:36 AM

IPO Mentor (1400+ Posts, 400+ Likes)

Sorry for the typo in your id 🤦‍♂️

361.8. lokes | Link | Bookmark |May 25, 2022 1:16:35 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@ColdBurger: yesterday i had placed amo order at 372 for selling 1 allotted lot but its not executed so am still holding that, i will wait till today closing and tomorrow will sell that allotted lot above 350 if it comes or will hold with some stoploss around 335.....
Regarding new buying of 200 share, we can't do anything till friday so will take decision accordingly as per price that day to sell/hold etc.

361.9. lokes | Link | Bookmark |May 26, 2022 11:57:42 AM

IPO Guru (4400+ Posts, 5100+ Likes)

I have sold my allotted 1 lot at 342 yesterday near closing time....didn't wanted to take risk of loosing whatever profit left.....

361.10. ColdBurger | Link | Bookmark |May 26, 2022 7:50:04 PM

IPO Mentor (1400+ Posts, 400+ Likes)

I sold my second lot at issue price after it keep hitting LC many time but it recovered few bucks later. If %5 circuit limit was not there then it might have gone much lower and may go lower for sure if market remain under pressure. In secondary market lot of quality time tested stock available at corrected price so it seems risky to hold new scrips in such tough time. Now I will not touch any IPO in near future it is frustrating in each every allotment.

361.11. lokes | Link | Bookmark |May 27, 2022 1:13:40 AM

IPO Guru (4400+ Posts, 5100+ Likes)

@coldburger: tomorrow is venus pipe "agni pariksha" , if its able to hold tomorrow then hopefully it will sustain in future also. Markets have recovered today so its LC also opened and tomorrow also market will open good as per sgx nifty and US markets currently so mostly venus should bear the pressure of selling tomorrow (from first day new buyers) and it will be stable like hariom pipes and won't keep going down like uma exports....i will hold and give it some time for my buying of 200 shares here in preopen....

360. Noorul | Link | Bookmark |May 24, 2022 11:02:45 AM

Added 700 more in preopen.

Load more comments (46 replies)

360.1. krupa | Link | Bookmark |May 24, 2022 11:09:16 AM (800+ Posts, 500+ Likes)

Nice

360.2. Ravu | Link | Bookmark |May 24, 2022 11:11:31 AM

IPO Mentor (700+ Posts, 400+ Likes)

Good.
Added 200 at preopen

360.3. DuckkyDuck | Link | Bookmark |May 24, 2022 11:20:35 AM

Top Contributor (200+ Posts, 200+ Likes)

Delhivery is 12% up.
No one applied in retail and HNI and it going up and up.
This is what market is loss making company going up. Profit making down.
Divis posted amazing results, but 15% down in 2 days.

360.4. Avenue | Link | Bookmark |May 24, 2022 11:25:06 AM

I was not allotted but bought 300 in preopen @ 337.50

360.5. Noorul | Link | Bookmark |May 24, 2022 11:38:11 AM

@duccky.. I predicted about delhivery before that this Giant might surprised on listing despite all the negativity.. I didn't applied there because was more interested in Venus and pradeep.
@avenue... Actually you got a very good price to enter. Just above to issue price.. 2 more UC highly possible.

360.6. lokes | Link | Bookmark |May 24, 2022 11:49:13 AM

IPO Guru (4400+ Posts, 5100+ Likes)

@duckky: in delhivery, nothing much surprising since its simply about demand supply thing during listing, as final hni/retailer subscriptions (after rejections) were so minimal there that there is no selling pressure from them, most shares are with QIB's so its upto them how and when they want to sell....if hni/retail was 1 time atleast then story would have been different.

360.7. kookaburra | Link | Bookmark |May 24, 2022 11:54:08 AM

Well said Lokes

360.8. Noorul | Link | Bookmark |May 24, 2022 12:05:17 PM

@lokes.. It's not like that what you have said. There is no guarantee that share price wouldn't b listed down when most of the portion is in hand of Qibs. Let's take a example of Nuvoco IPO that came last year in main board. Where both hni and retail portion remain undersubscribe and Qib had big chunk of the IPO but still share listed 17% below on listing day itself and currently available at half of listing price.

360.9. Bhav | Link | Bookmark |May 24, 2022 12:08:48 PM

Top Contributor (400+ Posts, 100+ Likes)

its operators game in delhivery, they are traping retailers now, i am sure after 5-7 days delhivery will be below issue price

360.10. Have Faith 🙏 | Link | Bookmark |May 24, 2022 12:09:07 PM

Top Contributor (500+ Posts, 100+ Likes)

@noorul can u tell what happened with rainbow ?

360.11. R.K. | Link | Bookmark |May 24, 2022 12:11:08 PM

@ Noorul, Sir you are added in 700 Quantity.

@Avenue, Sir you are added in 300 Quantity.

Thank You Sir.

360.12. Avenue | Link | Bookmark |May 24, 2022 12:26:06 PM

@Noorul.. I placed buy order for 300 @ 360 in the morning. Wanted to add more to order but did not get time... And no chance to buy after listing... Will add more whenever I get a chance...

360.13. lokes | Link | Bookmark |May 24, 2022 12:32:20 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@noorul: In share market, yes there is no guarantee for anything and we can't relate different companies subscriptions/listing etc exactly. I am not saying 100% its due to that reason only but this time definitely that factor played a important role. And there is lot of difference in nuvoco and delhivery subscriptions. In nuvoco, it was 0.6 times in HNI and 0.52 times in retail but in delhivery with around equal issue size, its just 0.03/0.04 means just 3% and 4% in each hni category and 0.27 times in retail and 0.1 times (10%) in employee category, so there is huge spillover from these categories to QIB. And in delhivery, QIB is already lesser than nuvoco, means mostly QIB got the allotments so its upto them about selling, they can control the price easily here.

Anyways congrats for your venus allotment and new big buying. Mostly you will be selling your original allotment of 644 shares on Thursday and will carry forward these new buying, right ?

@avenue @ravu: good luck to us for our new buying :)

360.14. Dinesh Singh | Link | Bookmark |May 24, 2022 12:53:45 PM

IPO Guru (1300+ Posts, 500+ Likes)

Only I have applied in Delhivery
Sold today @543.
Still holding Venus.

360.15. Noorul | Link | Bookmark |May 24, 2022 1:05:01 PM

@lokes.. That's exactly I will going to do. Will sell alloted shares on Thursday to book some profit and minimised the risk too. Most of times our thinking and action matched..
Wish Pradeep will also list with some premium.

@have faith. Hospital sector wise is not that impressive and rainbow service is limited to few states only.. the only trigger that could lift it up is the result... That's need to b excellent.. so the price will reach to its issue price atleast.
However I already booked loss in it and moved on.

360.16. lokes | Link | Bookmark |May 24, 2022 1:23:13 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@dinesh: yes we know you apply in most of the ipos, where even all other hesitates :) :) And overall i think you are able to gain, with some profits in many and losses in some. Congrats for the profit in delhivery.
@noorul: yes we can just hope for some listing gains in paradeep. There every retailer and hni will be allotted full so lets see how it goes. lets hope markets will be positive on listing day and retailers/hni won't create much selling pressure.

360.17. Bhav | Link | Bookmark |May 24, 2022 5:12:34 PM

Top Contributor (400+ Posts, 100+ Likes)

@noorul

well played today boss, missed the trick
after listing lame, should have brought as it will go for 2-3 UC at least
learnt new trick today from you,
will try to implement next time in t2t group listing

360.18. Ego trackeR | Link | Bookmark |May 24, 2022 6:20:11 PM

plz suggest target & stop loss....

360.19. ~~Psingal~~ | Link | Bookmark |May 24, 2022 8:07:54 PM

@Noorul, great judgement, good timely decision and courage to commit.

360.20. lokes | Link | Bookmark |May 24, 2022 8:11:25 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@bhav: there is nothing like trick here, be aware about t2t IPOs properly, it's not so easy to buy in preopen and then sell after 2-3 UC. Hope you have seen my below post and know when we can sell t2t ipo if we buy on listing day. And from third day, they hit LC many times, so people get stuck like in sigachi , uma export, even hariom pipes and some may not hit LC like hp adhesive, veranda etc. Let's see what happens this time.

https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=517344&ap=0

360.21. Trueinfo | Link | Bookmark |May 24, 2022 8:14:20 PM

IPO Guru (1900+ Posts, 1700+ Likes)

@ Noorul, you are the guiding light in this forum. Others will tend to follow you.

360.22. lokes | Link | Bookmark |May 24, 2022 9:00:05 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@bhav: you can just check first page all posts and reply comments here in uma export page, you will see many were stuck after it has hit continuous LC and then no one will come to rescue/reply and see uma last 2 months chart now.
https://www.chittorgarh.com/ipo-feedback/uma-exports-ipo/1235/1/

I am not saying that in venus also it will happen, here i have also bought today anyways but i am just informing you that, that is also a probability which can happen in t2t ipos after listing, so that everyone can also be aware before taking decision, even in sigachi so many people were stuck after listing.

360.23. krupa | Link | Bookmark |May 24, 2022 10:39:17 PM (800+ Posts, 500+ Likes)

Singachi ipo price se triple open huwa tha
Esliye lc lagi thi
Inly one thing is good in venus that it is listed only 10 rs up than ipo price (so risk is less if mkt is stable)

360.24. lokes | Link | Bookmark |May 24, 2022 11:25:47 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@krupa: in sigachi also, it was UC first 2 days, then it started LC. And in uma export also it was listed near to issue price then 2-3 UC then again LC, that didn't listed 2-3 times like sigachi. In hariom pipes too, it has hit multiple LC after some days.
In venus, yes risk is less since company is better and listing was not so high, that's why only i also bought here in preopen.

My point was to inform all the sides of t2t ipos, else later people will keep asking what to do and should we sell/hold and no one will come to reply then, as can be checked in uma export page.

360.25. Noorul | Link | Bookmark |May 25, 2022 1:56:40 AM

@bhav, lokes and kurpa. It's true that many time people got stuck in t2t script after hitting 2 UC , share started hitting non stop Lc till it's true price discover.. The point is one should not blindly purchase t2t stock in preopen. One should considered about its valuation, future prospects of company, debt and other important parameters. There is no sense to bought any t2t script on listing if it's listed 2 or 3 times of issue price.

For example in Uma export I didn't bought any share in open. Infact I sold half holding at 92rs and rest when circuit opened near 74. I wasn't so impress with the company so took an exit.
In Hari om pipe it's listed well above issue price so didn't bought anything. Sigachi is a gud example that how t2t script can destroy your money. I was alloted in sigachi.. @lokes might b confussed here.. but I m sure sigachi started hitting lower circuit from next day only after listed at 700rs and those who purchased it on listing day burned there hard earned money and stuck badly. So ultimately it's all depends on circumstances...
I will sell my alloted shares of venus probably tomorrow or day after to minimise the risk.. don't want to b greedy here.

360.26. Noorul | Link | Bookmark |May 25, 2022 2:20:12 AM

@Trueinfo. I m not guiding anyone here.. I just share my strategy to our group members so they can also give there valuable input on it.

I already said ones that I m still a learner and there are many more individual here who are better fundamental analyst and having far better knowledge than me.. like mog, jethalal, Ashok sarkar and many others.

I usually go with my intuition and gut feeling.. hardly read RHP.. I just judge the IPO from my own set of Parameters that have no logic behind. I will b much happy if nobody follow me here... Don't want anybody to loose his or her money because of my call.

360.27. krupa | Link | Bookmark |May 25, 2022 10:17:24 AM (800+ Posts, 500+ Likes)

@ Noorul
Yes
Kon se price per entry karte he wo bahut important he
Uma hariom, hp adhesives sab me exit karne ka chance mila tha purchase price se uper
Only sigachi me most of people atak gaye the because of continuous lower circuit

360.28. krupa | Link | Bookmark |May 25, 2022 10:44:28 AM (800+ Posts, 500+ Likes)

@ Noorul
Sigachi 2 nd hit uc and than lc
Aap ne ye forum me likha bhi tha ke aap 700 ke uper sell karne wale he
I remember all this

360.29. lokes | Link | Bookmark |May 25, 2022 11:59:26 AM

IPO Guru (4400+ Posts, 5100+ Likes)

@noorul: i couldn't understand your this line: "@lokes might b confussed here.."
regarding what i am confused? my post was general to aware people, not for you and i know you were allotted in sigachi and you were also stuck there in LC and sigachi listed around 570 not 700 etc....
i remember these things....
Anyways i was hoping that venus will hit upper circuit today at least but it didn't....but it will also be more better if it can trade normally above issue price without hitting UC/LC....

360.30. Avenue | Link | Bookmark |May 25, 2022 1:03:52 PM

I added 46 more @ 338.30.. Now I have 346 shares, almost 50% of sHNI minimum size of 14 lots at a small premium of 3-4%. Yes it is T2 and it can still go either way...

360.31. Noorul | Link | Bookmark |May 25, 2022 2:42:31 PM

@lokes and kurpa.. I checked .. you both were right. Sigachi started hitting lower circuit after 2Uc and I exited at 500rs... At a time or circuit opened. You both hve a sharp memory ...and even I don't remember that desire of selling it near around 700rs.. :) I guess you both hve eaten lots of almond :p
Anyways as I said.. I sold today my alloted shares of venus.. actually whole metal sector is under pressure.. becaz of changes in tax structure.. now Friday is a crucial day for venus.

360.32. krupa | Link | Bookmark |May 25, 2022 2:53:25 PM (800+ Posts, 500+ Likes)

@Noorul
Thanks
My memory is so sharp(even i remember 10/15 years pahele ke bhi ipo price)🤣🤣
But sometimes so much memory is also not good for heart

360.33. Avenue | Link | Bookmark |May 25, 2022 6:43:51 PM

@Noorul... Does almond really help !! :)
I am starting almonds & walnuts from tomorrow morning...

Really depressing to see people with such sharp memory. I have to depend on system or notes to see last week's allotment and other details, and here they are who even remembers others data.

360.34. krupa | Link | Bookmark |May 25, 2022 8:17:24 PM (800+ Posts, 500+ Likes)

I really enjoyed post of yours, M.K.,Noorul
All three have very good sense of humour
Aap log share mkt ko bhi utna hi enjoy karte he

360.35. Noorul | Link | Bookmark |May 25, 2022 8:25:16 PM

@avenue.. We both are in same boat.. I am also Amir Khan of Gajni.. (short term memory loss).
Even sometimes I forget my present holding of IPOs.. and need to check it to confirm..
I guess only this 2 can reveal the secret of there sharp memory.

Really can't afford almond and walnuts. IPOs had already eating my lots of money :)

360.36. ~~Divya.~~ | Link | Bookmark |May 25, 2022 10:15:43 PM

Noorul mamu u will b in profit soon.

360.37. ultrasnow | Link | Bookmark |May 26, 2022 1:46:11 AM

When Sigachi is mentioned it just reopens some old wounds from last year. Did not get allotment, had FOMO and bought during listing days (still holding)
Now you know whom to thank for your listing gains!

360.38. krupa | Link | Bookmark |May 26, 2022 9:36:24 AM (800+ Posts, 500+ Likes)

@ ultrasnow
Sometime it's better to control over greed
Sigachi was open much more than ipo price
So it is corrected heavily
In venus all people buy near issue price so chances of going dow are very less( but mkt me abhi to correction dikh raha he)

Nifty may going down 600/700 point from current level

360.39. Cautious ProPrio | Link | Bookmark |May 26, 2022 10:58:10 AM

IPO Guru (2100+ Posts, 1200+ Likes)

Sigachi was amazing allotment i sold it at UC first day

360.40. lokes | Link | Bookmark |May 26, 2022 11:49:36 AM

IPO Guru (4400+ Posts, 5100+ Likes)

Now this venus pipes has hit LC, day before when new buyers can sell, without rising enough initially like others atleast hit 2-3 UC before started falling. Market conditions has impacted here more.
@bhav: hope you got my point now.
@ultrasnow: Don't buy so much amount in any share in first buy and don't average too early, also have some stoplosses if share is not performing as expected and booking loss is better then kept on holding.
@avenue also averaged this venus pipes too early.

360.41. Nikhil IPO Investor | Link | Bookmark |May 26, 2022 11:59:45 AM

@Noorul, What's your strategy on Venus? Are you planning to hold for long term or do some averaging on further correction. Even i am stuck now after buying this in preopen, didn't realize i can't do BTST in these kind of stocks.

360.42. Bhav | Link | Bookmark |May 26, 2022 12:01:20 PM

Top Contributor (400+ Posts, 100+ Likes)

@ lokes

i got you, i think because of market it has not performed as expected.

360.43. K.Atar | Link | Bookmark |May 26, 2022 12:16:11 PM

IPO Guru (1000+ Posts, 700+ Likes)

Don't lose hope just yet.

360.44. COOPER | Link | Bookmark |May 26, 2022 12:24:43 PM

in both rainbow and venus i am in loss.
hoping venus could perform

360.45. lokes | Link | Bookmark |May 26, 2022 12:43:07 PM

IPO Guru (4400+ Posts, 5100+ Likes)

@nikhil ipo investor: looks like you missed to read my post in this same page which i posted before listing and mentioned clearly about t2t ipos ?
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1248&c=517344&ap=0

I knew many might be stuck here also due to current market sentiments, so i already informed. Same like in uma exports, people are still waiting.

@bhav: Even in normal market conditions, t2t shares normally hit LC after 2 days initial UC but here it didn't performed initially also because of markets/fear.

360.46. Noorul | Link | Bookmark |May 26, 2022 1:31:19 PM

@nikhil. I sold alloted shares yesterday and not too worried about purchased shares ... Becaz of limited free float and company is also excellent in all parameters... Ones the market bounce back we will surely get a chance to exit.

360.47. krupa | Link | Bookmark |May 26, 2022 1:35:15 PM (800+ Posts, 500+ Likes)

Mkt ka sentiment change hone ko time nahi lagta
Hold at least 3 moths to get better return

360.48. ultrasnow | Link | Bookmark |May 26, 2022 5:20:53 PM

@Krupa, thanks, Yeah it was a brain fade moment, and about Sigachi opening mucher higher than IPO price I believe SEBI new HNI rules have negated this possibilty to an extent
@lokes, thanks, No I will not be booking loss for now and have rarely used a stop loss. I like to hold a stock for around 18 months before exit, except in case of massive change in financials.
I broke this rule for LIC though and sold on listing day

359. krupa | Link | Bookmark |May 26, 2022 1:38:40 PM (800+ Posts, 500+ Likes)

Rainbow is very strong in this mkt
If mkt reverse rainbow must come above ipo price

359.1. Have Faith 🙏 | Link | Bookmark |May 26, 2022 4:47:57 PM

Top Contributor (500+ Posts, 100+ Likes)

Rainbow is strong because of results which will be declared tomorrow…..it was near 490 when market was down in morning and when market recovered it touched 496 but near 490 even are market recovery ….if results came good tomorrow then i think it will cross its issue price otherwise don’t know

358. Nikhil IPO Investor | Link | Bookmark |May 26, 2022 2:43:28 PM

Thanks @Lokes and @Noorul and others for your inputs.

I will keep it for long and possibly average if it goes down by 10 - 15 per cent from these levels. Anyways overall most midcaps and small caps are down and I guess sentiments should improve in 3 - 6 months timeframe..

357. ~~Divya.~~ | Link | Bookmark |May 26, 2022 11:16:37 AM

Trapped in venus after rainbow and lic.

356. krupa | Link | Bookmark |May 25, 2022 11:11:13 AM (800+ Posts, 500+ Likes)

It's very difficult to make profit in this type of mkt
Lagta he ab 6 moths tak profit bhul jana padega(in any issue)

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356.3. ColdBurger | Link | Bookmark |May 25, 2022 4:12:32 PM

IPO Mentor (1400+ Posts, 400+ Likes)

😂😂😂😣Ab wait karne ke alawa koi chara nahi. Acha kiya ek lot 355 par nikaal diya.

356.4. Naughty ipo | Link | Bookmark |May 25, 2022 5:16:25 PM

Top Contributor (400+ Posts, 100+ Likes)

Seems like Ipo party is over...

355. Regulagedda Ambica Prasad | Link | Bookmark |May 25, 2022 2:21:35 PM

IPO Mentor (500+ Posts, 200+ Likes)

Accumulating from market at low levels. All metal shares are beaten since yesterday. This will appreciate in medium to long term.

354. ~~Divya.~~ | Link | Bookmark |May 25, 2022 1:21:55 PM

Hold venus for 2 months it will get double from todays price.

353. ipo share | Link | Bookmark |May 25, 2022 12:01:37 PM

IPO Guru (1600+ Posts, 800+ Likes)

The only ipo handled previously by current lead manager is jinaams dress Ltd sme ipo @ 59 per share in Apr 2019. Today it is trading @ 2.39.
Lead manager performance doesn't give any confidence So I am little sceptical.

353.1. smart man | Link | Bookmark |May 25, 2022 1:08:57 PM

True, sad situation, besides its a T group scrip, how are holders allowed to sell so soon

352. Ravu | Link | Bookmark |May 25, 2022 12:39:31 PM

IPO Mentor (700+ Posts, 400+ Likes)

So far 40% traded , out of that one 1.5L bulk sell order.

351. krupa | Link | Bookmark |May 25, 2022 10:34:03 AM (800+ Posts, 500+ Likes)

Lc lagakar panic karvake retailer ka maal le liya big people ne

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351.3. ColdBurger | Link | Bookmark |May 25, 2022 11:35:46 AM

IPO Mentor (1400+ Posts, 400+ Likes)

@Krupa: If 'maal' is so good and premium then why not they are lifting it all at mere 336-340? Almost near IPO price. So I don't believe that someone is lifting but I know big or small everyone is taking step very cautiously to reduce the chances of loss 😒

351.4. krupa | Link | Bookmark |May 25, 2022 12:22:38 PM (800+ Posts, 500+ Likes)

Abhi to mkt wait and watch mode per he
Wait till 3 months
But intraday and daily trading karne walo ko ye sab samaj me nahi aayega

350. ipo share | Link | Bookmark |May 25, 2022 12:11:28 PM

IPO Guru (1600+ Posts, 800+ Likes)

Jinaams dress never reached ipo price. This time atleast lead manager has managed to cross ipo of venus pipes.

350.1. ipo share | Link | Bookmark |May 25, 2022 12:15:29 PM

IPO Guru (1600+ Posts, 800+ Likes)

Atleast managed to cross ipo price of venus pipes.

349. COOPER | Link | Bookmark |May 25, 2022 11:42:08 AM

can anyone explain what happened with venus, why it fell today?
hold or sell now?

349.1. ~~Divya.~~ | Link | Bookmark |May 25, 2022 11:46:52 AM

Sell immediately

349.2. COOPER | Link | Bookmark |May 25, 2022 11:54:47 AM

okay, thanks @divya

348. smart man | Link | Bookmark |May 25, 2022 11:54:40 AM

Everyone had a bad experience with rainbow & Lic... But this is a T group scrip, how are holders allowed to sell, heavy selling pressure is bringing the scrip down... Besides everything, this scrip had an excellent subscription , price should not fall,
confusing situation

347. ColdBurger | Link | Bookmark |May 25, 2022 10:35:08 AM

IPO Mentor (1400+ Posts, 400+ Likes)

@Chittlrgarh Admin:

I notice whenever on laptop i refresh a page it scrolls to bottom which is not a pleasant feeling as again i have to scroll back to top. On mobile(chrome) this issue is not present. Is there any valid reason/cause for this behaviour?

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347.3. ColdBurger | Link | Bookmark |May 25, 2022 11:05:22 AM

IPO Mentor (1400+ Posts, 400+ Likes)

More observation, scroll to bottom occurs when i am someway down on the page. If I am near top of the page then this issue not notice. Seems some logic is there to track how much scrolled is the page and accordingly some logic is applied to either keep on top or scroll to bottom. It will be great if scrolls back to same message (first one displaying before scroll) . I know that is possible by using local storage variable. Tracking which message is on top is doable thing.

347.4. Team Chittorgarh.com | Link | Bookmark |May 25, 2022 11:37:57 AM

IPO Guru (1100+ Posts, 1600+ Likes)

@ColdBurger,
Thank you for your kind feedback.
We reproduced the problem at our end. Our tech team to working on it.

Thank you,
Admin @ Chittorgarh.com

ProStocks offers unlimited trading for Rs 899 per month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + Rs 0 Demat AMC + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantees you the best service. Open instant account

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