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Vera Synthetic Limited IPO (Vera Synthetic IPO) Detail

Mar 28, 2018 - Apr 4, 2018

Incorporated in 2000, Gujarat based Vera Synthetic Limited is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. The company manufactures and market its products under its flagship brand "Sujlon". The products are primarily used in fishing sector and other allied use thereon.

At present Vera caters only to domestic markets. The company has dealers, traders and distributors spread across different regions of the Country. It sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan, etc.

The company's manufacturing facility is divided into two units namely Division I and Division II (situated at Mamsa, Gujarat).

As on January 31, 2018, the Company had 88 employees on its payroll.

Company Promoters:

The Promoters of the company are Sunil Makwana and Nagin Makwana. They hold, in aggregate 15,94,000 Equity Shares representing 44.28% of the pre-issue paid-up capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 863.60 731.78 705.79 850.54 909.84
Total Revenue 1,844.22 2,195.12 2,449.42 1,975.76 2,202.59
Profit After Tax 34.43 27.40 4.78 32.86 18.00

Objects of the Issue:

The objects of the Issue are:
1. Funding the working capital requirements of the Company
2. General corporate purposes.

Vera Synthetic IPO Details

IPO DateMar 28, 2018 - Apr 4, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,335,000 Eq Shares of ₹10
(aggregating up to ₹5.34 Cr)
Face Value₹10 Per Equity Share
IPO Price₹40 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Vera Synthetic IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Vera Synthetic IPO Subscription Status (Bidding Detail)

Vera Synthetic IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Apr 4, 2018 17:00




Vera Synthetic IPO Prospectus

Vera Synthetic IPO Rating

Rating:Rated 3.7 stars

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Vera Synthetic IPO Listing Date

Listing DateThursday, April 12, 2018
BSE Script Code
Listing In
IPO Price₹40 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹40.00
Last Trade:₹44.30

Vera Synthetic IPO Reviews / Ratings

Company Contact Information

Vera Synthetic Limited
Office No. UL-27
Pattani Plaza, Devubag,
Dairy Road, Bhavnagar - 364002

Phone: 0278-2525434

Vera Synthetic IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270

Vera Synthetic IPO FAQs

  1. 1. What is Vera Synthetic IPO?

    Vera Synthetic IPO is a SME IPO of 1,335,000 equity shares of the face value of ₹10 aggregating up to ₹5.34 Crores.

    The issue price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Mar 28, 2018 and closes on Apr 4, 2018.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Vera Synthetic IPO will open?

    The Vera Synthetic IPO opens on Mar 28, 2018 and closes on Apr 4, 2018.

  3. 3. How to apply for Vera Synthetic IPO?

    Vera Synthetic IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Vera Synthetic IPO allotment?

    The finalization of Basis of Allotment for Vera Synthetic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vera Synthetic IPO allotment status.

  5. 5. When is Vera Synthetic IPO listing date?

    The Vera Synthetic IPO listing date is on Thursday, April 12, 2018, at NSE SME.
  6. 6. What is the lot size of Vera Synthetic IPO?

    Vera Synthetic IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Vera Synthetic IPO Review / Comments

Paresh shah
6. Paresh shah  Apr 11, 2018 17:24
Tomorrow listing Vera....buyer circuit..20%
5. kingsuper  Apr 10, 2018 17:01
Good growing company ...will surely give returns UPTO 10% on listing
3. iporeview  Mar 30, 2018 17:44
any gmp in grey market
2. Avenue  Mar 29, 2018 13:09
Can I apply for SME IPO from ICICI Direct DMAT Account.
and if yes and if allotted, can I trade it in
1. DownriteVJ  Mar 28, 2018 17:03
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail      0.44X
Overall 0.71X

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