Chittorgarh.com Logo
Loading...

Veekayem Fashion and Apparels Limited IPO (Veekayem Fashion and Apparels IPO) Detail

Aug 5, 2022 - Aug 11, 2022

Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing. The company's product portfolio includes two main product categories: Textile the company manufactures Greige Fabrics including 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen and Garments the company manufacture all types of readymade garments for men and women, such as formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pyjamas and Bermuda.

Veekayem Fashion's manufacturing facility is situated at Umargaon in the state of Gujarat. The manufacturing facility is installed with automated machinery capable of manufacturing 5,00,000 meters of fabric per month and 1,50,000 pcs of readymade garments per month.

Competitive Strength:

  • Consistency in Quality and Service Standards.
  • Scalable Business Model.
  • Product mix and Market mix.
  • Cost-effective production and timely fulfilment of orders.
  • Experienced management and dedicated employee base.
  • Wide sales and distribution network.

Company Financials

Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1911789.320317.36228.312973.172331.38
31-Mar-2012090.421571.46109.12869.652440.48
31-Mar-2112351.957670.0635.252904.92475.73
31-Mar-2213267.1914947.02188.543095.282666.11
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

a) Funding the working capital requirements of the company.

b) General Corporate Purposes.

Veekayem Fashion and Apparels IPO Details

Veekayem Fashion and Apparels IPO Date Aug 5, 2022 to Aug 11, 2022
Veekayem Fashion and Apparels IPO Face Value ₹10 per share
Veekayem Fashion and Apparels IPO Price ₹28 per share
Veekayem Fashion and Apparels IPO Lot Size 4000 Shares
Issue Size1,584,000 shares of ₹10
(aggregating up to ₹4.44 Cr)
Fresh Issue1,584,000 shares of ₹10
(aggregating up to ₹4.44 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Krishankant Gupta, Vijaykumar Gupta and Madanlal Gupta are the company promoters.

Veekayem Fashion and Apparels IPO Timeline (Tentative Timetable)

Veekayem Fashion and Apparels IPO opens on Aug 5, 2022, and closes on Aug 11, 2022. The Veekayem Fashion and Apparels IPO bid date is from Aug 5, 2022 10.00 A.M. to Aug 11, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Veekayem Fashion and Apparels IPO Opening Date Aug 5, 2022
Veekayem Fashion and Apparels IPO Closing Date Aug 11, 2022
Basis of Allotment Aug 17, 2022
Initiation of Refunds Aug 18, 2022
Credit of Shares to Demat Aug 19, 2022
Veekayem Fashion and Apparels IPO Listing Date Aug 22, 2022

Veekayem Fashion and Apparels IPO Lot Size

The Veekayem Fashion and Apparels IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).

Application Lots Shares Amount
Minimum 1 4000 ₹112,000
Maximum 1 4000 ₹112,000

Veekayem Fashion and Apparels IPO Promoter Holding

Pre Issue Share Holding 54.31%
Post Issue Share Holding 39.67%

Veekayem Fashion and Apparels IPO Review

The company is in the highly competitive and fragmented segment of textiles with many unorganized players. For the last three fiscals, it has shown inconsistency in its top and bottom lines. The surge in profits on a lower turnover for FY22 raises eyebrows. The sustainability of such earnings going forward is a major concern. Based on its financial data, the issue is fully priced with super earnings for FY22. There is no harm in skipping this issue. Read detail review...


Veekayem Fashion and Apparels IPO Subscription Status (Bidding Detail)

The Veekayem Fashion and Apparels IPO is subscribed 301.47 times on Aug 11, 2022 5:00:00 PM. The public issue subscribed 247.09 times in the retail category, times in the QIB category, and 355.85 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII355.85
Retail247.09
Total301.47

Veekayem Fashion and Apparels IPO Prospectus

Veekayem Fashion and Apparels IPO Rating

358
4.3
Rating:Rated 4.3 stars
Vote Here ...

Company Contact Information

Veekayem Fashion and Apparels Limited
113, Udyog Bhavan,
Sharma Ind. Estate, Walghat Road,
Goregaon East, Mumbai, India – 400 063
Phone: +91 22 4035 1481
Email: cs@vkmgroups.biz
Website: https://www.vkmgroups.com/

Veekayem Fashion and Apparels IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: veekayem.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Veekayem Fashion and Apparels IPO Review

Veekayem Fashion and Apparels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 2 1 1

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

Veekayem Fashion and Apparels IPO FAQs

Veekayem Fashion and Apparels IPO is a SME IPO of 1,584,000 equity shares of the face value of ₹10 aggregating up to ₹4.44 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Aug 5, 2022, and closes on Aug 11, 2022.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Veekayem Fashion and Apparels IPO using UPI as a payment gateway. Zerodha customers can apply in Veekayem Fashion and Apparels IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Veekayem Fashion and Apparels IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Veekayem Fashion and Apparels IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Veekayem Fashion and Apparels IPO opens on Aug 5, 2022 and closes on Aug 11, 2022.

Veekayem Fashion and Apparels IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Veekayem Fashion and Apparels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Veekayem Fashion and Apparels IPO will be done on Aug 17, 2022, and the allotted shares will be credited to your demat account by Aug 19, 2022. Check the Veekayem Fashion and Apparels IPO allotment status.

The Veekayem Fashion and Apparels IPO listing date is not yet announced. The tentative date of Veekayem Fashion and Apparels IPO listing is Aug 22, 2022.
Open an Instant Account with Zerodha

Veekayem Fashion and Apparels IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...