 "Venus Pipes raises Rs 50 cr from anchor investors, allots 1.52 mn shares")
Venus Pipes & Tubes has raised nearly Rs 50 crore from anchor investors ahead of its IPO.
The company allotted 1.52 million shares at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments, as per a stock exchange disclosure.
The company, a manufacturer of stainless steel pipes and tubes, is looking to issue Rs 165.4 crore in fresh capital through its IPO, which will remain open till Friday.
The company allotted 1.52 million shares at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments, as per a stock exchange disclosure.
The company, a manufacturer of stainless steel pipes and tubes, is looking to issue Rs 165.4 crore in fresh capital through its IPO, which will remain open till Friday.
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