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Veeram Infra Engineering IPO is a fixed price issue of Rs 10.74 crores.
Veeram Infra Engineering IPO bidding started from September 28, 2018 and ended on October 12, 2018. The shares got listed on BSE SME on October 23, 2018.
Veeram Infra Engineering IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
First Overseas Capital Limited is the book running lead manager of the Veeram Infra Engineering IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Veeram Infra Engineering IPO RHP for detailed information.
| IPO Date | September 28, 2018 to October 12, 2018 |
| Listing Date | October 23, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,106,000 shares (aggregating up to ₹10.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,850,852 |
| Share holding post issue | 7,956,852 |
| Market Maker portion | 110,000 shares |
Veeram Infra Engineering IPO offers 2,106,000 shares. 998,000 (47.39%) to NII, 998,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 110,000 (5.22%) |
| Other Shares Offered | 998,000 (47.39%) |
| Retail Shares Offered | 998,000 (47.39%) |
| Total Shares Offered | 2,106,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
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.
| 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 | |
The objects of the issue are to raise funds to meet-
1. Working capital requirement
2. Issue expenses
[Dilip Davda]
Considering exorbitant pricing, poor track record of LM, simply stay away from this issue.
Read detail review...The Veeram Infra Engineering IPO is subscribed 1.19 times on October 12, 2018 6:50:01 PM. The public issue subscribed 0.75 times in the retail category, times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.62 |
| Retail | 0.75 |
| Total | 1.19 |
| Listing Date | October 23, 2018 |
| BSE Script Code | 542046 |
| NSE Symbol | |
| ISIN | INE647Z01017 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹53.00 |
| ₹48.75 |
| ₹51.25 |
| ₹51.25 |
Veeram Infra Engineering Limited Limited (VIEL)
Basement Medicare Centre
Behind M. J. Library, Opp. Stock Exchange
Ellisbridge, Ahmedabad - 380006
Phone: +91 79 4892 1375
Email: complianceviel@gmail.com
Website: http://www.veeraminfra.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Veeram Infra Engineering IPO is a SME IPO of 2,106,000 equity shares of the face value of ₹10 aggregating up to ₹10.74 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 28, 2018, and closes on October 12, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Veeram Infra Engineering IPO opens on September 28, 2018 and closes on October 12, 2018.
Veeram Infra Engineering IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Veeram Infra Engineering 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 Veeram Infra Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Veeram Infra Engineering IPO allotment status.
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