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Veeram Infra Engineering Limited Limited (VIEL) IPO (Veeram Infra Engineering IPO) Detail

Sep 28, 2018 - Oct 12, 2018

Incorporated in 1994, Ahmedabad based Veeram Infra Engineering Limited is a company engaged in the business of printing, trading of general mercantile and real estate.

In the last 2-3 years, the company has made changes in its MoA wherein 70% company`s revenues from now on shall be earned through its real estate business and the remaining from the ancillary business.

The company has entered into a land development agreement measuring approximately 7.34 hectares at Sanand, Ahmedabad. The company will do the levelling and landfilling sell these plots in different sizes.

The company has 13 employees on its payroll.

Company Promoters:

The Promoters of the Company are Mr. Satishkumar R. Gajjar and Mrs. Geetaben S. Gajjar. They together hold 36,55,389 Equity Shares representing 62.48 % of the pre-issue Paid-up Capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 935.06 25.99 25.57 24.66 24.16
Total Revenue 1,281.50 3.95 2.94 3.88 3.55
Profit After Tax 67.07 0.02 0.01 0.01 0.02

Objects of the Issue:

The objects of the issue are to raise funds to meet-

1. Working capital requirement
2. Issue expenses

Veeram Infra Engineering IPO Details
Issue OpenSep 28, 2018 - Oct 12, 2018
Issue TypeFixed Price Issue IPO
Issue Size2,106,000 Eq Shares of Rs 10
(aggregating up to Rs 10.74 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Veeram Infra Engineering IPO Subscription Status (Live)

Veeram Infra Engineering IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

998,000

998,000

1,996,000

Oct 12, 2018 18:50

1.62x

0.75x

1.19x

Veeram Infra Engineering IPO Prospectus

Veeram Infra Engineering IPO Rating

9
2.0
Rating:Rated 2.0 stars

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Veeram Infra Engineering IPO Reviews / Ratings

Company Contact Information

Veeram Infra Engineering Limited Limited (VIEL)
Basement Medicare Centre
Behind M. J. Library, Opp. Stock Exchange
Ellisbridge, Ahmedabad - 380006
Phone: +91 79 4892 1375
Fax:
Email: complianceviel@gmail.com
Website: http://www.veeraminfra.com/

Veeram Infra Engineering 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 Infra Engineering IPO Lead Manager(s)

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Veeram Infra Engineering IPO Review / Comments

avatar
11. Hiteshji  Oct 11, 2018 08:36 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Avoid all ipos till november
avatar
10. Small Investor  Sep 29, 2018 16:12 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Is IPO M PIASA LGANE SE TO ACCHA IN IPO M PAISA LGAWO
Lexus granto
hindcon chemicals
softtech eng
e2e eng
innovators fasad system
ss infra
pulz ele.
JFL
Sarveshar foods
Shrenik Ltd
and much more stock are available at the NSE BSE SME Platform


avatar
9. Saurabh Bansal  Sep 28, 2018 08:15 I Like It. | Report Abuse Reply
Bhai log consult CA purchase shell CO paid high fees to merchant banker.. Change CO MOA and bring any IPO which you like.. After iPo don't do business in 10-12 years take all money out from CO in form of director remuneration.
avatar
8. GrowYourMoney  Sep 27, 2018 22:28 I Like It. 5 | Report Abuse Reply
Co Having Highest CAGR Profit Growth...
From 2000 to 6707000....
Listing ke liye kuch bhi karega
avatar
7. IPOMantra  Sep 27, 2018 21:17 I Like It. 1 | Report Abuse Reply
Look at profit last year is Rs 3000 only , biggest joke ,
dear all investor don't ever dare to subscribe . If anyone still wants to subscribing , then consult experts.
avatar
7.1. IPOMantra  Sep 27, 2018 21:18 I Like It. 1 | Report Abuse
Read 2000 profit
avatar
6. GrowYourMoney  Sep 27, 2018 16:56 I Like It. 1 | Report Abuse Reply
May be just next to Tata, Birla & Reliance who brought IPOs of their Cos
avatar
5. CPHArun  Sep 26, 2018 22:09 I Like It. 4 | Report Abuse Reply
How dare this same LM comes up with same kind of iPO to loot the public. What is SEBI doing
avatar
4. Small Investor  Sep 26, 2018 13:29 I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
dekh lena bhai logo aane time m salary holder wale bhi apna apna ipo lane lg jaynge
avatar
3. Saurabh Bansal  Sep 26, 2018 12:47 I Like It. 2 | Report Abuse Reply
IPo will subscribed only under nii category and that to be purchased by lm and issuer group CO. Investor I have all research available if these jewellery CO and how they are operating to looted CO. Even I am planning to share this with bse /nse and to sebi. So people remain have confidence in sme ipo....


What next with in two month next will be
S.M GOLD LIMITED WITH SAME MB AND SAME MANAGEMENT...
avatar
2. Saurabh Bansal  Sep 26, 2018 12:38 I Like It. 1 | Report Abuse Reply
And most of the CO end up in purchasing all of the shares by director itself and if any public person purchased share then it will not able to sell at all... Then drastically quote very low purchase price....
avatar
1. Saurabh Bansal  Sep 26, 2018 12:35 I Like It. 2 | Report Abuse Reply
Sir please don't misuse the platform given by government and regularly posting iPo of single group already raise iPo from same director
1 kenvi jeweller
2 bhakti jems And jewellery.
3 darshan orna Limited.
4 gautam Jems and jewellery
5 veeram ornament limited.
Please don't do this type of thing. So that public stop believing in sme companies and potential CO not able to raise money as all will look suspicious....
And all with same modus operendi that same CO 20-25 Rs premium iPo subscibe by group CO and then after words sale to people makeing them fool.
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