Rama Steel Tubes Limited

Minerva Ventures Fund bought 2,25,00,000 shares of Rama Steel Tubes for ₹9.18 Cr at ₹4.08 apiece in a bulk deal.

One of India's leading manufacturers of steel pipes, tubes, and rigid PVC products, the company serves construction, infrastructure, and industrial sectors nationwide. Established in 1974, it produces a diverse range including galvanized iron pipes and square section products for multiple applications. The company operates integrated manufacturing facilities across India, maintaining a strong presence in both domestic and export markets.

A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.