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Incorporated in 2012, Veer Global Infraconstruction Limited is a real-estate developer company that primarily engaged in developing residential projects in the affordable housing segment. It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships. Its core business activities include location identification, acquisition, project planning, designing and development and sales & marketing.
VGIL positioned as "Creation and not Construction" has landmark development across Mumbai, Vasai, Virar, Umroli, Boisar & Shahada. Till Sep 2020, it has completed 5 residential projects and Veer-11, Parasnath Township Bldg No. 2, Veer Splendor - Phase II, Veer-10, Veer-4, and D-wing Veer-2 are currently ongoing projects.
Competitive Strengths
Х Focus on low-income affordable housing segment.
Х Strategic location advantages in the District of Palghar.
Х Experienced team of promoters and managers.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,290.11 | 2,929.13 | 2,021.76 | |
| Total Revenue | 862.58 | 1,007.52 | 233.30 | |
| Profit After Tax | 17.60 | 12.87 | 4.74 | |
The net proceed from the IPO will be used towards following purposes;
Х To meet the working capital requirements.
Х To meet general corporate purposes.
Х To meet issue related expenditures.
| IPO Date | Sep 30, 2020 to Oct 9, 2020 |
| Listing Date | Monday, October 19, 2020 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Issue Size | 1,756,000 shares of ₹10 (aggregating up to ₹4.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Vijaybhai Vagjibhai Bhanshali, Mrs. Anita Bhanshali, Mr. Vinod Mohanlal Jain, Mr. Mukesh Chunilal Jain, Mr. Abhishek Mukesh Jain, and Mr. Priyank Chandrakant Parikh are the company promoters. |
Veer Global Infraconstruction IPO opens on Sep 30, 2020, and closes on Oct 9, 2020. The Veer Global Infraconstruction IPO bid date is from Sep 30, 2020 10.00 A.M. to Oct 9, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 30, 2020 |
| Closing Date | Oct 9, 2020 |
| Basis of Allotment | Oct 14, 2020 |
| Initiation of Refunds | Oct 15, 2020 |
| Credit of Shares to Demat | Oct 16, 2020 |
| Listing Date | Oct 19, 2020 |
The Veer Global Infraconstruction 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 |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| Pre Issue Share Holding | 85.40% |
| Post Issue Share Holding |
VGIL has posted average performance with the inconsistent top line. Based on P/E parameters, the issue is exorbitantly priced. This segment is currently witnessing subdued demand and slowdown due to COVID-19 pandemic. There is no harm in giving this IPO a "MISS". Read detail review...
The Veer Global Infraconstruction IPO is subscribed 1.51 times on Oct 9, 2020 6:50:01 PM. The public issue subscribed 1.18 times in the retail category, times in the QIB category, and 1.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.84 |
| Retail | 1.18 |
| Total | 1.51 |
| Listing Date | Monday, October 19, 2020 |
| BSE Script Code | 543241 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE244W01010 |
| IPO Price | ₹28 per share |
| Face Value | ₹10 per share |
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Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 Feet Road, Behind Union Bank, Nalasopara (E)
Thane-401 209
Phone: +91 8484817311
Email: mail@veergloballtd.com
Website: http://www.veergloballtd.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Veer Global Infraconstruction IPO is a SME IPO of 1,756,000 equity shares of the face value of ₹10 aggregating up to ₹4.92 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 30, 2020, and closes on Oct 9, 2020.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Veer Global Infraconstruction IPO using UPI as a payment gateway. Zerodha customers can apply in Veer Global Infraconstruction IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veer Global Infraconstruction IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veer Global Infraconstruction IPO opens on Sep 30, 2020 and closes on Oct 9, 2020.
Veer Global Infraconstruction IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Veer Global Infraconstruction 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Veer Global Infraconstruction IPO will be done on Oct 14, 2020, and the allotted shares will be credited to your demat account by Oct 16, 2020. Check the Veer Global Infraconstruction IPO allotment status.
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RHP
IPO Guru (1200+ Posts, 1300+ Likes)
Dear Management Team
Thank you for giving us such a long period for the IPO subscription, in view of all these circumstances. thrilled to have your support.