Announced Wed, 16 Sept · 18:13 IST
Venus Pipes to raise Rs 372 cr via preferential issue at Rs 1670/share
VENUSPIPES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+17.4%1-day move
₹1937.00
prior close
₹1954.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.9+1.9+0.9+17.4+15.0————————
Up moveDown movePending
AI summary
Venus Pipes board approved issuing 22.27 lakh equity shares at Rs 1,670 each to 18 identified investors, raising about Rs 372 crore via preferential allotment. Marquee investors include Ashish Kacholia (Rs 30 cr), KITARA PIIN 2401 (Rs 50 cr), multiple WhiteOak Capital funds, Kotak Mahindra Life Insurance (Rs 20 cr), and Tata funds (Rs 30 cr combined). Promoter holding will dilute from 48.41% to 43.71%. EGM on Oct 8, 2026.
Likely market impact
Issue at premium dilutes promoters slightly but adds marquee investors. Watch price action around EGM on Oct 8.