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Veeram Ornaments Ltd IPO (Veeram Ornaments IPO) Detail

Dec 23, 2016 - Dec 28, 2016

Incorporated in 2011, Veeram Ornaments Limited is engaged in the design, manufacture, and wholesaler of jewellery and ornaments. It provides gold and silver jewellery products, including rings, bracelets, necklaces, ear chains, earrings, pendants, chains, mangalsutras, zudas, toe rings, anklets, bangles, etc. with or without studded precious and semi-precious stones. The company sells its products to jewellery retailers in Ahmedabad.

They are also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver. They buy their raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold is generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from their suppliers.

Objects of the Issue

The object of the issue are:

1. To meet additional Working Capital Requirements
2. To Meet the Issue Expenses

Veeram Ornaments IPO Details

IPO Date Dec 23, 2016 to Dec 28, 2016
Listing Date Thursday, January 5, 2017
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Issue Size1,137,000 shares of ₹10
(aggregating up to ₹5.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr. Rakshit Mahendra Shah and
2. Mrs. Pinal Rakshit Shah

Veeram Ornaments IPO Lot Size

The Veeram Ornaments IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000

Veeram Ornaments IPO Review

Risk avers cash surplus investors may consider for long term investment. Read detail review...

Veeram Ornaments IPO Prospectus

Veeram Ornaments IPO Rating

31
3.7
Rating:Rated 3.7 stars
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Veeram Ornaments IPO Listing Date

Listing Date Thursday, January 5, 2017
BSE Script Code 540252
NSE Symbol
Listing In MT Group of Securities
ISIN INE607V01010
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹42.75
₹42.75
₹46.00
₹46.00

Company Contact Information

Veeram Ornaments Ltd
Shop No. 2 Naroda Pride,
Nr. Padmavati Society,
Ahmedabad
Phone: +91-9925266150
Email: info@veeramornaments.com
Website: http://www.veeramornaments.com

Veeram Ornaments IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Veeram Ornaments IPO Review

Veeram Ornaments IPO Recommendation Summary

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Veeram Ornaments IPO FAQs

Veeram Ornaments IPO is a SME IPO of 1,137,000 equity shares of the face value of ₹10 aggregating up to ₹5.12 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Dec 23, 2016, and closes on Dec 28, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Veeram Ornaments IPO opens on Dec 23, 2016 and closes on Dec 28, 2016.

Veeram Ornaments IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Veeram Ornaments 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 Veeram Ornaments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Veeram Ornaments IPO allotment status.

The Veeram Ornaments IPO listing date is on Thursday, January 5, 2017.
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Veeram Ornaments IPO Message Board

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9 Comments

7. IPOANALYSIS |   Link |Dec 26, 2016 6:22:53 PM
dont invest in jewllery stocks they are hammered after demonitization

the subscription is all fake. ame happened with radhika jewllteck which is now more than 50 pc down of issue price.

stay away from this
6. DEEPAK V |   Link |Dec 26, 2016 1:36:51 PM
@eagleeye, please tell us should we invest in this ipo or not.
what is the subscription data. plz give me reply.
thanks
5. DANYSEKAR |   Link |Dec 23, 2016 10:17:15 AM
Is it advisable to buy this 1
5.1. DURAISWAMY |   Link |Dec 24, 2016 8:28:07 PM
It is not advisable . I applied Amsons apparel SME two years back .I am unable to sell .No Buyers only Sellers. Also it is trading below its issue price for long time. MY MONEY WAS LOCKED FOR PAST TWO YEARS.
4. DURAISWAMY |   Link |Dec 22, 2016 11:31:57 PM
Let us keep our money safe beware of looters
3. DURAISWAMY |   Link |Dec 22, 2016 11:31:55 PM
Let us keep our money safe beware of looters
2. AJAYGARU |   Link |Dec 22, 2016 10:00:20 PM
If demonetisation has hit the company so hard, why would they feel that now is the right time for an IPO?? You must think more strategically about this. No company would want their IPO to fail.
2.1. IPOANALYSIS |   Link |Dec 23, 2016 11:00:50 PM
Sme ipo do not get undersubscribed as market maker would then have to purchase them.no Sme has been cancelled before
1. IPOANALYSIS |   Link |Dec 22, 2016 8:16:56 PM
hhahaha

please apply and get your money halved in 10 days only

jewellery stocks have been battered in this market.
morever rajkot company which would be greatly affected by demonitization.