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

September 28, 2018 - October 12, 2018

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.

Veeram Infra Engineering IPO Details

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 Size2,106,000 shares
(aggregating up to ₹10.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion110,000 shares

Veeram Infra Engineering IPO Reservation

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 Offered110,000 (5.22%)
Other Shares Offered998,000 (47.39%)
Retail Shares Offered998,000 (47.39%)
Total Shares Offered2,106,000 (100%)

Veeram Infra Engineering IPO Lot Size

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

About Veeram Infra Engineering Limited Limited (VIEL)

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 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 (Veeram Infra Engineering IPO Objectives)

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

1. Working capital requirement
2. Issue expenses

Veeram Infra Engineering IPO Review (Avoid)

[Dilip Davda]  

Considering exorbitant pricing, poor track record of LM, simply stay away from this issue.

Read detail review...

Veeram Infra Engineering IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Veeram Infra Engineering IPO Prospectus

Veeram Infra Engineering IPO Rating

Rating:Rated 2.0 stars
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Veeram Infra Engineering IPO Listing Details

Listing Date October 23, 2018
BSE Script Code 542046
NSE Symbol
ISIN INE647Z01017
Final Issue Price ₹51 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Veeram Infra Engineering Limited Limited (VIEL) Contact Details

Veeram Infra Engineering Limited Limited (VIEL)
Basement Medicare Centre
Behind M. J. Library, Opp. Stock Exchange
Ellisbridge, Ahmedabad - 380006
Phone: +91 79 4892 1375

Veeram Infra Engineering IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Veeram Infra Engineering IPO - Buy or Not

Veeram Infra Engineering IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Veeram Infra Engineering IPO FAQs

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.

The Veeram Infra Engineering IPO listing date is on October 23, 2018.
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Veeram Infra Engineering IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



11. Hiteshji |   Link |October 11, 2018 9:36:03 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Avoid all ipos till november
10. Small Investor |   Link |September 29, 2018 5:12:27 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
Lexus granto
hindcon chemicals
softtech eng
e2e eng
innovators fasad system
ss infra
pulz ele.
Sarveshar foods
Shrenik Ltd
and much more stock are available at the NSE BSE SME Platform

9. Saurabh Bansal |   Link |September 28, 2018 9:15:20 AM
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.
8. GrowYourMoney |   Link |September 27, 2018 11:28:06 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Co Having Highest CAGR Profit Growth...
From 2000 to 6707000....
Listing ke liye kuch bhi karega
7. IPOMantra |   Link |September 27, 2018 10:17:26 PM
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.
7.1. IPOMantra |   Link |September 27, 2018 10:18:44 PM
Read 2000 profit
6. GrowYourMoney |   Link |September 27, 2018 5:56:15 PM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
May be just next to Tata, Birla & Reliance who brought IPOs of their Cos
5. CPHArun |   Link |September 26, 2018 11:09:31 PM
How dare this same LM comes up with same kind of iPO to loot the public. What is SEBI doing
4. Small Investor |   Link |September 26, 2018 2:29:40 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
dekh lena bhai logo aane time m salary holder wale bhi apna apna ipo lane lg jaynge
3. Saurabh Bansal |   Link |September 26, 2018 1:47:32 PM
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
2. Saurabh Bansal |   Link |September 26, 2018 1:38:07 PM
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....
1. Saurabh Bansal |   Link |September 26, 2018 1:35:41 PM
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.