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 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

Vera Synthetic IPO Date Mar 28, 2018 to Apr 4, 2018
Vera Synthetic IPO Face Value ₹10 per share
Vera Synthetic IPO Price ₹40 per share
Vera Synthetic IPO Lot Size 3000 Shares
Issue Size1,335,000 shares of ₹10
(aggregating up to ₹5.34 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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.

Vera Synthetic IPO Lot Size

The Vera Synthetic IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

Vera Synthetic IPO Review

Company has inconsistent performance and has made loss for first half of current fiscal. Issue pricing is exorbitant. There is no harm in giving this issue a miss.

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Vera Synthetic IPO Subscription Status (Bidding Detail)

The Vera Synthetic IPO is subscribed 3.49 times on Apr 4, 2018 5:00:00 PM. The public issue subscribed 3.70 times in the retail category, times in the QIB category, and 3.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Vera Synthetic IPO Prospectus

Vera Synthetic IPO Rating

Rating:Rated 3.7 stars
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Vera Synthetic IPO Listing Date

Listing Date Thursday, April 12, 2018
BSE Script Code
Listing In
ISIN INE709Z01015
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹40.00
Open: ₹44.85
Low: ₹44.30
High: ₹48.70
Last Trade: ₹44.30

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

Phone: +91-22-4918 6270

Vera Synthetic IPO Review

Vera Synthetic IPO Recommendation Summary

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Members 0 0 0

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Vera Synthetic IPO FAQs

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 is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

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.

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

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

You can apply in Vera Synthetic 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 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.

The Vera Synthetic IPO listing date is on Thursday, April 12, 2018.
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Vera Synthetic IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



6. Paresh shah |   Link |Apr 11, 2018 5:24:45 PM
Tomorrow listing Vera....buyer circuit..20%
5. kingsuper |   Link |Apr 10, 2018 5:01:20 PM
Good growing company ...will surely give returns UPTO 10% on listing
4. Nayan Sharma |   Link |Apr 4, 2018 1:51:09 PM
3. iporeview |   Link |Mar 30, 2018 5:44:05 PM
any gmp in grey market
2. Avenue |   Link |Mar 29, 2018 1:09:33 PM
Can I apply for SME IPO from ICICI Direct DMAT Account.
and if yes and if allotted, can I trade it in
1. DownriteVJ |   Link |Mar 28, 2018 5:03:05 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      0.44X
Overall 0.71X

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