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Monday, May 23, 2022

IPO Update: IPO of these 2 giant companies opened today, earn profit by investing around Rs 14000, check details

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IPO News Update: From today IPOs of 2 more companies have been opened in the market. If you too have missed investing money in the old IPO or you have an investment plan, then this is a good opportunity for you. From today i.e. from May 11, the IPO of logistics company Delhi (Delhivery IPO) and stainless steel pipe and tube maker Venus Pipes and Tubes (Venus Pipes and Tubes IPO) has been opened in the market. Investors can invest money in both the companies till May 13. Check the details before investing money-

Delhi IPO Details

  • Minimum investment – Rs 13890
  • How many shares will be received – 30 shares
  • When did it open – 11 May 2022
  • When will it close – 13 May 2022
  • Issue Size – 5235 Crore
  • Price Band – Rs 462-487

Know what is the business of the company?
Delhivery is a logistics company. This company provides delivery facility to around 88 pincodes in India. This is a Gurgaon based company. Talking about the anchor investors of the company, they include many investors including ICICI Pre Flexicap Fund, HDFC Large and Midcap Fund, SBI and IIFL.

Venus Pipes and Tubes IPO

  • Minimum investment – Rs 14260
  • How many shares will be available – 46 shares
  • When did it open – 11 May 2022
  • When will it close – 13 May 2022
  • Issue Size – 165.35 Cr
  • Price Band – Rs 310-326

Where will the money be used?
Let us tell you that the company can finalize the allotment of shares on May 19. At the same time, the listing of the company’s shares can be done in the market on 24 May. The money raised through this issue will be used by the company to expand its business and for backward integration of hollow pipes. Apart from this, it will be used to increase the working capital.

What is the business of the company?
Venus Pipes & Tubes is a Gujarat based company that deals in making stainless steel pipes. Apart from this, it also exports its products. The company supplies its products under the Venus brand name to Chemical, Engineering, Fertilizer, Pharma, Power, Food Processing, Paper and Oil & Gas Sectors. Apart from India, the company does business in about 18 countries including Israel, UK and Brazil.

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