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

Sep 30, 2020 - Oct 9, 2020

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 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.

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:

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 Details

IPO Opening Date Sep 30, 2020
IPO Closing Date Oct 9, 2020
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹28 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Issue Size1,756,000 Eq Shares of ₹10
(aggregating up to ₹4.92 Cr)

Veer Global Infraconstruction IPO Tentative Timetable

The Veer Global Infraconstruction IPO open date is Sep 30, 2020, and the close date is Oct 9, 2020. The issue may list on Oct 19, 2020.

IPO Open Date Sep 30, 2020
IPO Close Date Oct 9, 2020
Basis of Allotment Date Oct 14, 2020
Initiation of Refunds Oct 15, 2020
Credit of Shares to Demat Account Oct 16, 2020
IPO Listing Date Oct 19, 2020

Veer Global Infraconstruction IPO Lot Size

The Veer Global Infraconstruction IPO market 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 (Cut-off)
Minimum 1 4000 ₹112,000
Maximum 1 4000 ₹112,000

Veer Global Infraconstruction IPO Promoter Holding

Pre Issue Share Holding 85.40%
Post Issue Share Holding

Veer Global Infraconstruction IPO Review

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 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)

CategorySubscription (times)
NII1.84
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 Date

Listing Date Monday, October 19, 2020
BSE Script Code 543241
NSE Symbol
Listing In MT Group of Securities
ISIN INE244W01010
IPO Price ₹28 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹28.00
₹31.00
₹29.45
₹31.00
₹29.50

Company Contact Information

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: http://www.purvashare.com

Veer Global Infraconstruction IPO Reviews / Ratings

Veer Global Infraconstruction IPO Lead Manager(s)

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 equity 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

  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 Sep 30, 2020 and closes on Oct 9, 2020.

Veer Global Infraconstruction IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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, Edelweiss, 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.

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

Veer Global Infraconstruction IPO Message Board

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16 Comments

11. Vipul Gandhi |   Link |Oct 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 |Oct 8, 2020 5:09:37 AM
Good time for U
11.2. KrishnaTwentyFour |   Link |Oct 10, 2020 9:54:27 AM
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
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 |Oct 9, 2020 3:07:04 PM
IPO Guru IPO Guru (1600+ Posts, 800+ 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 |Oct 10, 2020 9:49:10 AM
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
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 |Oct 4, 2020 8:24:05 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
avoid
8. MR. KUMAR |   Link |Oct 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 |Sep 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 |Sep 30, 2020 7:23:37 PM
If will Subscribe more than 20 times then I will APPLY.
7.2. traderji |   Link |Sep 30, 2020 8:54:36 PM
All company agent apply and give their application id then I will also apply.
6. Game Changer |   Link |Sep 28, 2020 8:27:29 AM
SME comes and go...
Some goes down and some have upper flow...
5. MR. KUMAR |   Link |Sep 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 |Sep 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 |Sep 27, 2020 1:10:04 PM
????????
2. San Patel |   Link |Sep 27, 2020 1:05:50 PM
???????? Thums Up
1. San Patel |   Link |Sep 27, 2020 9:02:22 AM
You can definitely go for it.