Under the proposed issue, the company will allot up to 22,27,544 equity shares at ₹1,670 apiece, including a premium of ₹1,660 per share. The shares will have a face value of ₹10 each, with the total issue size amounting to ₹371.99 crore.
The preferential issue will involve 18 investors, with the issue price of ₹1,670 per share being no lower than the applicable floor price. The proposed allottees are classified as non-promoter, public investors.
Among the proposed investors, Kitara PIIN 2401 has been earmarked up to 2,99,401 shares, representing a maximum consideration of ₹50 crore. WhiteOak Capital India Opportunities Fund will be allotted up to 2,51,497 shares worth ₹42 crore, while Ashoka WhiteOak India Opportunities Fund is proposed to receive up to 2,37,305 shares for ₹39.63 crore.
Other proposed allottees include Ashish Kacholia and Bengal Finance and Investment Pvt Ltd, with each eligible for up to 1,79,640 shares worth ₹30 crore. Carnelian Bharat Amritkaal Fund is proposed to receive up to 2,12,581 shares for ₹35.50 crore, while Kotak Mahindra Life Insurance Company is eligible for up to 1,19,760 shares for ₹20 crore.
Following the proposed issue, the company’s total equity shares will increase to 2,29,43,654 from 2,07,16,110. The promoter and promoter group holding is expected to decline to 43.71% from 48.41%, while the public shareholding is expected to rise to 56.29% from 51.59%.
Venus Pipes will seek shareholder approval at an Extraordinary General Meeting scheduled for October 8, 2026, at 3 pm through video conferencing or other audio-visual means. October 1 has been fixed as the cut-off date for determining shareholder eligibility for remote e-voting.The company’s board meeting was held on September 16, 2026, with the meeting commencing at 4:30 pm and concluding at 5:56 pm.
Venus Pipes & Tubes shares closed at ₹1,937 on the NSE on September 16, down 0.24%.
