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.
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.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||67.07||0.02||0.01||0.01||0.02|
The objects of the issue are to raise funds to meet-
1. Working capital requirement
2. Issue expenses
|Issue Open||Sep 28, 2018 - Oct 12, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,106,000 Eq Shares of Rs 10 |
(aggregating up to Rs 10.74 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 51 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||BSE SME|
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