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Veer Global Infraconstruction Limited IPO (Veer Global Infraconstruction IPO) Detail

September 30, 2020 - October 9, 2020

Veer Global Infraconstruction IPO is a fixed price issue of Rs 4.92 crores.

Veer Global Infraconstruction IPO bidding started from September 30, 2020 and ended on October 9, 2020. The allotment for Veer Global Infraconstruction IPO was finalized on Wednesday, October 14, 2020. The shares got listed on BSE SME on October 19, 2020.

Veer Global Infraconstruction IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.

Capitalsquare Advisors Private Limited is the book running lead manager of the Veer Global Infraconstruction IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.

Refer to Veer Global Infraconstruction IPO RHP for detailed information.

Veer Global Infraconstruction IPO Details

IPO Date September 30, 2020 to October 9, 2020
Listing Date October 19, 2020
Face Value ₹10 per share
Price ₹28 per share
Lot Size 4000 Shares
Total Issue Size1,756,000 shares
(aggregating up to ₹4.92 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Veer Global Infraconstruction IPO Reservation

Veer Global Infraconstruction IPO offers 1,756,000 shares. 878,000 (50.00%) to NII, 878,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered878,000 (50.00%)
Retail Shares Offered878,000 (50.00%)
Total Shares Offered1,756,000 (100%)

Veer Global Infraconstruction IPO Timeline (Tentative Schedule)

Veer Global Infraconstruction IPO opens on September 30, 2020, and closes on October 9, 2020.

IPO Open Date Wednesday, September 30, 2020
IPO Close Date Friday, October 9, 2020
Basis of Allotment Wednesday, October 14, 2020
Initiation of Refunds Thursday, October 15, 2020
Credit of Shares to Demat Friday, October 16, 2020
Listing Date Monday, October 19, 2020
Cut-off time for UPI mandate confirmation 5 PM on October 9, 2020

Veer Global Infraconstruction IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000
Lot Size Calculator

Veer Global Infraconstruction IPO Promoter Holding

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.

Share Holding Pre Issue 85.40%
Share Holding Post Issue

About Veer Global Infraconstruction Limited

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

� Focus on low-income affordable housing segment.
� Strategic location advantages in the District of Palghar.
� Experienced team of promoters and managers.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Veer Global Infraconstruction IPO Objectives)

The net proceed from the IPO will be used towards following purposes;

� To meet the working capital requirements.
� To meet general corporate purposes.
� To meet issue related expenditures.

Veer Global Infraconstruction IPO Review (Avoid)

[Dilip Davda]  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...


Veer Global Infraconstruction IPO Subscription Status (Bidding Detail)

The Veer Global Infraconstruction IPO is subscribed 1.51 times on October 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)

CategorySubscription (times)
Other1.84
Retail1.18
Total1.51

Veer Global Infraconstruction IPO Prospectus

Veer Global Infraconstruction IPO Rating

231
4.4
Rating:Rated 4.4 stars
Vote Here ...

Veer Global Infraconstruction IPO Listing Details

Listing Date October 19, 2020
BSE Script Code 543241
NSE Symbol
ISIN INE244W01010
Final Issue Price ₹28 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹28.00
₹31.00
₹29.45
₹31.00
₹29.50

Check IPO Performance…

Veer Global Infraconstruction Limited Contact Details

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/

Veer Global Infraconstruction IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

Veer Global Infraconstruction IPO - Buy or Not

Veer Global Infraconstruction IPO Recommendation Summary

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

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Veer Global Infraconstruction IPO FAQs

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 September 30, 2020, and closes on October 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Veer Global Infraconstruction 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 Veer Global Infraconstruction IPO opens on September 30, 2020 and closes on October 9, 2020.

Veer Global Infraconstruction IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.

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 Wednesday, October 14, 2020, and the allotted shares will be credited to your demat account by Friday, October 16, 2020. Check the Veer Global Infraconstruction IPO allotment status.

The Veer Global Infraconstruction IPO listing date is on October 19, 2020.
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Veer Global Infraconstruction IPO Message Board

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

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16 Comments

11. Vipul Gandhi |   Link |  Bookmark |October 3, 2020 7:25:35 AM
Recently I faced worse behavior from banks. Most of ASBA enabled Bank refusing to accept SME IPO Applications by saying that their system not showing SME IPO and some of them didn't know process of fund blocking and some wisest banks blame their all failure in name of Covid19 pandemic.

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.
11.1. DURAISWAm |   Link |  Bookmark |October 8, 2020 5:09:37 AM
Good time for U
11.2. KrishnaTwentyFour |   Link |  Bookmark |October 10, 2020 9:54:27 AM
Banks knows that most of sme IPOs are scam run by lead manager and promoters...
In sme there were very few genuine SME IPOs...
Baki sab to lootane ke liye aate hai...
That is the reason banks refused asba for some SME IPOs..
10. Small Investor |   Link |  Bookmark |October 9, 2020 3:07:04 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
नमस्कार दोस्तों

पिछले तीन सालो से sme आईपीओ ने निवेशकों को खूब लुटा है,वो जमाना गया जब sme आईपीओ की लिस्टिंग २० प्रतिशत पर हुवा करती थी और उसके बाद ऊपर सर्किट लगते थे

इसलिए दोस्तों मेरा एक ही सुझाव है नए निवेशकों के लिए जो sme आईपीओ में अप्लाई करने की हिम्मत रख रहे है अभी ,की उनको आज ही तुरंत प्रभाव से इन लूट आईपीओ sme से दूर हो जाओ
यहां ये कम्पनिया केवल अपना माल ठोकने आती है ऊपर की रेट में और कुछ टाइम बाद वो आईपीओ धड़ाम से निचे आ जाता है ,आपको कुछ नहीं बहुत से आईपीओ ऐसे मिलेंगे जो 100 -150 से निचे आज की तारीख में २ रूपए से लेकर 40 रूपए तक गिर चुके है जैसे
झंडेवाला फूड्स
जीसीएम कैपिटल
रिटको लॉजिस्टिक
सुइच
पॉवरफुल टेक्नोलॉजी
डेकन हेल्त
गॉब्लिन
हिप्पो
अफ्फोर्डबल
वा सोलर
वीमेन नेक्स्ट
जिनम ड्रेस
इन्नोवेटर्स फसाद की जड़
इनोवेटिव आइडल 180 से अब 7
और आगे और भी लुटेरी दुल्हने कतार में



10.1. KrishnaTwentyFour |   Link |  Bookmark |October 10, 2020 9:49:10 AM
Thank you for sharing your experience... really appreciated...
I never applied in any SME but I will keep in mind this...

Keep posting your view on every sme so that new people will be take precautions before thinking to apply...
9. Chem cho |   Link |  Bookmark |October 4, 2020 8:24:05 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
avoid
8. MR. KUMAR |   Link |  Bookmark |October 3, 2020 6:09:06 PM
Don't apply Don't apply otherwise you will be in very big loss in future.
7. SME ?? ????? ?? ??????? |   Link |  Bookmark |September 29, 2020 6:52:54 AM


VGIL is a debt free entity, constantly Dividend paying company and have good business module.Also very reasonably priced IPO.It has shown a good progress over the years and it’s going to benefit in long term!
I will definitely apply.

But ,
*As it's a SME IPO and in SME and history shows that fundamentals not necessarily work in SME's (only Operator work????), so only heavy risk taker can apply after own research.*
7.1. MR. KUMAR |   Link |  Bookmark |September 30, 2020 7:23:37 PM
If will Subscribe more than 20 times then I will APPLY.
7.2. traderji |   Link |  Bookmark |September 30, 2020 8:54:36 PM
All company agent apply and give their application id then I will also apply.
6. Game Changer |   Link |  Bookmark |September 28, 2020 8:27:29 AM
SME comes and go...
Some goes down and some have upper flow...
5. MR. KUMAR |   Link |  Bookmark |September 27, 2020 11:20:19 PM
If it Subscribe more than 20 times then think about apply. Otherwise save your hard earned money
4. SME IPO GUIDE |   Link |  Bookmark |September 27, 2020 5:13:22 PM
Earnings Per Share (EPS): INR 0.46
Price/Earnings (PE ratio): 60.87
Return on Net Worth (RONW): 1.58%
Net Asset Value (NAV): INR 21.89 per share...

3. Bull Riders |   Link |  Bookmark |September 27, 2020 1:10:04 PM
????????
2. San Patel |   Link |  Bookmark |September 27, 2020 1:05:50 PM
???????? Thums Up
1. San Patel |   Link |  Bookmark |September 27, 2020 9:02:22 AM
You can definitely go for it.