Venus Pipes IPO: Upon completion of the share allotment, Venus Pipes IPO (Initial Public Offering) is expected to reach Dalal Street as the most likely date for Venus Pipes IPO is May 24, 2022. The company has enjoyed stable growth over the past few years. While allotment beneficiaries and market observers are busy calculating a possible listing premium from the public issuance value €165.42 crore, the gray market also signals the price gain to be expected from the IPO. According to market watchers, shares of Venus Pipes are available at a premium of €45 today in the gray market.
Venus Pipes conducts IPO GMP today
Market watchers said Venus Pipes IPO is gray market premium (GMP) today €45. You said that the secondary market was closed for the last two days and therefore the Venus Pipes IPO has not changed for the last two days. However, they said that Venus Pipes IPO GMP is available on Saturday morning €17 to Friday evening gray market premium of the public offering. They went on to add that Venus Pipes’ IPO is GMP today €45, meaning the gray market expects the Venus Pipes listing to be close €371 ( €326+ €45), which is around 14 percent higher than its price range of €310 to €326 per share.
Experts predict positive listing
Meanwhile, stock market experts have also predicted a “positive” listing of Venus Pipes’ IPO. They said the company has managed to report steady growth over the past few years and there is likely to be at least a 5 percent stock market premium to allotments. However, they also claimed that much would depend on market sentiment at the time of the listing. They said that in the case of the bulls, Venus Pipes’ listing premium could continue to come in above expectations.
Commenting on the Venus Pipes listing, Ravi Singh, Vice President & Head of Research at Share India said: “Besides selling steel tubes and pipes, Venus Pipes & Tubes Limited is also engaged in export. The company has had stable growth over the past few years and its margin is also improving every year. Although market sentiment is negative these days, Venus Pipes’ IPO could be listed at a premium of at least 4-5 percent depend on the manner of market opening, Dalal Street testifies at the listing date. In the event of a positive open, Venus Pipes stock may be listed at a slightly higher or double-digit percentage premium.”
Commenting on the Venus Pipes listing price forecast, Manoj Dalmia, Founder and Director of Proficient Equities said, “The company is engaged in both domestic and global commodities year after year. So the company’s fundamentals are pretty strong and it can have a positive listing regardless of secondary market sentiment.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
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