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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.
The promoters of the company are:
1. Mr. Rakshit Mahendra Shah and
2. Mrs. Pinal Rakshit Shah
The object of the issue are:
1. To meet additional Working Capital Requirements
2. To Meet the Issue Expenses
| IPO Opening Date | Dec 23, 2016 |
| IPO Closing Date | Dec 28, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,137,000 Eq Shares of ₹10 (aggregating up to ₹5.12 Cr) |
The Veeram Ornaments IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135,000 |
| Maximum | 1 | 3000 | ₹135,000 |
Risk avers cash surplus investors may consider for long term investment. Read detail review...
| Listing Date | Thursday, January 5, 2017 |
| BSE Script Code | 540252 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE607V01010 |
| IPO Price | ₹45 per equity share |
| Face Value | ₹10 per equity share |
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Veeram Ornaments Ltd
Shop No. 2 Naroda Pride,
Nr. Padmavati Society,
Ahmedabad
Phone: +91-9925266150
Email: info@veeramornaments.com
Website: http://www.veeramornaments.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Dec 23, 2016, and closes on Dec 28, 2016.
KFintech Private 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 3000 Shares.
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.
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IPO Guru (2100+ Posts, 1600+ Likes)
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