Venus Pipes IPO Listing: After finalizing the share allocation, Venus Pipes IPO (Initial Public Offering) is all set to hit Dalal Street as the listing date of Venus Pipes IPO is 24th May 2022. According to stock market experts, the listing of Venus Pipes IPO could be positive. The company has been able to register steady growth in the recent years. While allottees and market supervisors are busy in computing the potential listing premium from the public issue price 165.42 crores, the gray market is also indicating about the listing gains one can expect from the IPO. As per market observers, the shares of Venus Pipes are available at a premium Today 45 in the gray market.
Venus Pipes IPO GMP Today
Market observers said Venus Pipes IPO Gray Market Premium (GMP) today is 45. He said that the secondary market was closed for the last two days and hence there is no change in the IPO of Venus Pipes for the last two days. However, he said the Venus Pipes IPO available on Saturday morning was GMP. The gray market premium of the public offering was up 17 Friday evening. He further added that the IPO of Venus Pipes is GMP today 45, which means the gray market is expecting the Venus Pipes IPO listing to be around 371 ( 326+ 45), which is about 14 percent higher than its price band from 310 326 per share.
Experts predict positive listings
Meanwhile, stock market experts have also predicted ‘positive’ listing of Venus Pipes IPO. He added that the company has managed to register steady growth in the recent years and it is likely to pay at least 5 per cent listing premium to the allottees. However, he also added that a lot will depend on the mood of the market on the date of listing. In the bull market, the IPO listing premium of Venus Pipes may go above expectations, he added.
Speaking on the Venus Pipes IPO listing, Ravi Singh, Vice President and Head of Research, Share India said, “Apart from selling steel tubes and pipes, Venus Pipes & Tubes Ltd. is also involved in exports. The company has registered steady growth over the years. And its margins are also improving year on year.Although the market sentiment is negative these days, the IPO of Venus Pipes may get listed at least at a premium of 4-5 per cent.However, a lot of Dalal Street. Will depend on the type of market opening of the witnesses. On the date of listing. In case of positive opening, Venus Pipes share listing may be slightly higher or may be in double digit percentage premium.”
On Venus Pipes IPO Listing Price Prediction, Manoj Dalmiya, Founder & Director, Proficient Equities, said, “The company has business in both domestic and global business. It has managed to report sustainable business growth in recent years and its Margin pressure is also easing. Year-on-year. Hence, the fundamentals of the company are very strong and its listing may turn out to be positive irrespective of the secondary market mood.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.