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Veeram Ornaments Ltd IPO (Veeram Ornaments IPO) Detail

Dec 23, 2016 - Dec 28, 2016

Incorporated in 2011, Veeram Ornaments Limited is engaged in the design, manufacture, and wholesaler of jewellery and ornaments. It provides gold and silver jewellery products, including rings, bracelets, necklaces, ear chains, earrings, pendants, chains, mangalsutras, zudas, toe rings, anklets, bangles, etc. with or without studded precious and semi-precious stones. The company sells its products to jewellery retailers in Ahmedabad.

They are also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver. They buy their raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold is generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from their suppliers.

Company Promoters:

The promoters of the company are:

1. Mr. Rakshit Mahendra Shah and
2. Mrs. Pinal Rakshit Shah

Objects of the Issue:

The object of the issue are:

1. To meet additional Working Capital Requirements
2. To Meet the Issue Expenses

Issue Detail:

  »»  Issue Open: Dec 23, 2016 - Dec 28, 2016
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,137,000 Equity Shares of Rs 10 aggregating up to Rs 5.12 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 45 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: BSE SME

Veeram Ornaments IPO Reviews:

  1. Veeram Ornaments Ltd IPO review by Dilip Davda

Veeram Ornaments IPO Prospectus

Veeram Ornaments IPO Rating

31
3.7
Rating:Rated 3.7 stars

Vote Here ...

Veeram Ornaments IPO Listing Date

  •   ›  Listing Date: Thursday, January 5, 2017
  •   ›  BSE Script Code: 540252
  •   ›  NSE Symbol:
  •   ›  Listing In: 'MT' Group of Securities
  •   ›  ISIN: INE607V01010
  •   ›  Issue Price: Rs 45 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

BSE SME
Issue Price:Rs 45.00
Open:Rs 42.75
Low:Rs 42.75
High:Rs 46.00
Last Trade:Rs 46.00
Volume:75,000

Veeram Ornaments IPO News Alerts

  1. Wednesday, December 28, 2016 12:00:00 AM
    Veeram Ornaments Ltd IPO - Close
  2. Friday, December 23, 2016 12:00:00 AM
    Veeram Ornaments Ltd IPO - Open

Company Contact Information

Veeram Ornaments Ltd
Shop No. 2 Naroda Pride,
Nr. Padmavati Society,
Ahmedabad
Phone: +91-9925266150
Fax: +91-9925266150
Email: info@veeramornaments.com
Website: http://www.veeramornaments.com

Veeram Ornaments IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Veeram Ornaments IPO Lead Manager(s)

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Veeram Ornaments IPO Review / Comments

avatar
7. IPOANALYSIS  Dec 26, 2016 5:22:53 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
dont invest in jewllery stocks they are hammered after demonitization

the subscription is all fake. ame happened with radhika jewllteck which is now more than 50 pc down of issue price.

stay away from this
avatar
6. DEEPAK V  Dec 26, 2016 12:36:51 PM IST I Like It. | Report Abuse
@eagleeye, please tell us should we invest in this ipo or not.
what is the subscription data. plz give me reply.
thanks
avatar
5. DANYSEKAR  Dec 23, 2016 9:17:15 AM IST I Like It. | Report Abuse
Is it advisable to buy this 1
avatar
5.1. DURAISWAMY  Dec 24, 2016 7:28:07 PM IST I Like It. | Report Abuse
It is not advisable . I applied Amsons apparel SME two years back .I am unable to sell .No Buyers only Sellers. Also it is trading below its issue price for long time. MY MONEY WAS LOCKED FOR PAST TWO YEARS.
avatar
4. DURAISWAMY  Dec 22, 2016 10:31:57 PM IST I Like It. | Report Abuse
Let us keep our money safe beware of looters
avatar
3. DURAISWAMY  Dec 22, 2016 10:31:55 PM IST I Like It. | Report Abuse
Let us keep our money safe beware of looters
avatar
2. AJAYGARU  Dec 22, 2016 9:00:20 PM IST I Like It. 1 | Report Abuse
If demonetisation has hit the company so hard, why would they feel that now is the right time for an IPO?? You must think more strategically about this. No company would want their IPO to fail.
avatar
2.1. IPOANALYSIS  Dec 23, 2016 10:00:50 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Sme ipo do not get undersubscribed as market maker would then have to purchase them.no Sme has been cancelled before
avatar
1. IPOANALYSIS  Dec 22, 2016 7:16:56 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
hhahaha

please apply and get your money halved in 10 days only

jewellery stocks have been battered in this market.
morever rajkot company which would be greatly affected by demonitization.

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