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Veeram Ornaments IPO is a fixed price issue of Rs 5.12 crores.
Veeram Ornaments IPO bidding started from December 23, 2016 and ended on December 28, 2016. The shares got listed on BSE SME on January 5, 2017.
Veeram Ornaments IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Gretex Corporate Services Limited is the book running lead manager of the Veeram Ornaments IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Veeram Ornaments IPO RHP for detailed information.
IPO Date | December 23, 2016 to December 28, 2016 |
Listing Date | January 5, 2017 |
Face Value | ₹10 per share |
Price | ₹45 per share |
Lot Size | 3000 Shares |
Total Issue Size | 1,137,000 shares (aggregating up to ₹5.12 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 3,173,015 |
Share holding post issue | 4,310,015 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹135,000 |
Retail (Max) | 1 | 3000 | ₹135,000 |
Lot Size Calculator |
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 object of the issue are:
1. To meet additional Working Capital Requirements
2. To Meet the Issue Expenses
[Dilip Davda] Risk avers cash surplus investors may consider for long term investment. Read detail review...
Listing Date | January 5, 2017 |
BSE Script Code | 540252 |
NSE Symbol | |
ISIN | INE607V01010 |
Final Issue Price | ₹45 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹45.00 |
₹42.75 |
₹42.75 |
₹46.00 |
₹46.00 |
Veeram Ornaments Ltd
Shop No. 2 Naroda Pride,
Nr. Padmavati Society,
Ahmedabad
Phone: +91-9925266150
Email: info@veeramornaments.com
Website: http://www.veeramornaments.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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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 December 23, 2016, and closes on December 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 December 23, 2016 and closes on December 28, 2016.
Veeram Ornaments IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
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, Nuvama, 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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IPOANALYSIS| Link | Bookmark |December 26, 2016 5:22:53 PMthe subscription is all fake. ame happened with radhika jewllteck which is now more than 50 pc down of issue price.
stay away from this