Venus Pipes & Tubes allots ₹372 crore of shares to 18 investors on preferential basis

Capital raise
Steel pipes and tubes

Blacklitt Research27 October 20262 min read

Venus Pipes & Tubes (NSE: VENUSPIPES) has allotted 22,27,544 equity shares on a preferential basis for up to ₹372 crore, it said in a filing on 27 Oct 2026. The Board approved the allotment on the same day, and the shares go to 18 investors.

Key highlights

The allotment in numbers

Item	Detail
Equity shares allotted	22,27,544
Issue price per share	₹1,670, including premium of ₹1,660
Aggregate amount	₹372 crore (₹3,71,99,98,480)
Number of allottees	18, all classed as Non-Promoter/Public
Largest allotment	2,99,401 shares to Kitara PIIN 2401 for ₹50 crore
Board approval	27 Oct 2026
Filed under	Chapter V of the SEBI ICDR Regulations 2018 and Sections 42 and 62 of the Companies Act, 2013

Size and spread of the allotment

The Board approved the allotment of 22,27,544 equity shares at ₹1,670 each, aggregating up to ₹372 crore. The company says the allotment is on a preferential basis.

The 18 allottees include mutual fund schemes, trusts, funds, a life insurer, a finance company and individuals. The largest single allotment is 2,99,401 shares to Kitara PIIN 2401, for ₹50 crore.

Link to earlier filings

The filing refers to earlier letters dated 16 Sep 2026 and 08 Oct 2026 about approval of the preferential issue. Those letters are not summarised here.

The company's latest quarter, Q1 FY27 on a standalone basis, reported total income of ₹323.23 crore and net profit of ₹26.41 crore. At the 27 Oct 2026 close of ₹1,790.60 a share, the company had a market value of about ₹3,709 crore, so the ₹372 crore allotment is about 10% of that value.

What the allotment means for Venus Pipes & Tubes' shareholders

The allotment adds 22,27,544 shares to the company's share capital at ₹1,670 each, with the amount aggregating to ₹372 crore. The filing does not say what the funds will be used for, the face value of the shares, whether the shares are listed or trading approval has been received, the post-allotment shareholding, or whether any allottee is related to the company or its promoters.

The company says the intimation will also be available on its website at www.venuspipes.com. The filing does not say when the full amount was or will be paid.

Reference: Original filing (PDF)

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