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VKJ Infradevelopers IPO is a fixed price issue of ₹12.75 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹12.75 crore.
VKJ Infradevelopers IPO bidding started from Aug 12, 2013 and ended on Aug 16, 2013. The shares got listed on BSE SME on Aug 30, 2013.
VKJ Infradevelopers IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Anuriti Multy Broking Pvt.Ltd..
Refer to VKJ Infradevelopers IPO RHP for detailed Information.
| IPO Date | August 12, 2013 to August 16, 2013 |
| Listing Date | August 30, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,00,000 shares (aggregating up to ₹12.75 Cr) |
| Reserved for Market Maker | 2,64,000 shares Anuriti Multy Broking Pvt.Ltd. (aggregating up to ₹0.6600 Cr) |
| Net Offered to Public | 48,36,000 shares (aggregating up to ₹12.09 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,27,49,770 shares |
| Share Holding Post Issue | 1,78,49,770 shares |
VKJ Infradevelopers IPO offers total 51,00,000 shares. Out of which 24,18,000 (47.41%) allocated to NII, 24,18,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,64,000 (5.18%) |
| NII (HNI) Shares Offered | 24,18,000 (47.41%) |
| Retail Shares Offered | 24,18,000 (47.41%) |
| Total Shares Offered | 51,00,000 (100.00%) |
VKJ Infradevelopers IPO opens on August 12, 2013, and closes on August 16, 2013.
| IPO Open Date | Mon, Aug 12, 2013 |
| IPO Close Date | Fri, Aug 16, 2013 |
| Tentative Listing Date | Fri, Aug 30, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 16, 2013 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, VKJ Infradevelopers Ltd(VIL) is engaged in the business of Land Development, Civil Construction and trading in construction materials, primarily soils and sands.
Company mainly provides civil construction, land & site development services and trading of construction materials. At present they are looking for some land for future projects in Delhi, Noida, and NCR region. They are also negotiating with other Construction Companies/ Developers to finalise joint venture projects with them. Also they are doing re doing land leveling works from the last few years with ISP Construction Private Limited.
Services provided by VKJ Infradevelopers are:
1. Civil Construction and trading in construction materials
2. Primarily soils and sands
3. Land and site development
4. Land filling, fencing walls etc.
5. Land Development
The Company VKJ Infradevelopers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet the fund requirements for execution of the Ongoing and Forthcoming Projects and other working capital requirements | 10.65 |
| 2 | General Corporate Purposes | 1.50 |
| 3 | Public Issue Expenses | 0.60 |
[Dilip Davda] <p><span style="color: #181818; font-family: 'Times New Roman','serif'; font-size: 12pt;">As for the merchant banker’s performance, this is the fourth SME issue from their stable and considering their market game in its own parent company and the other mandates listing, one may get some rewards. But current status are not having encouraging trends and hence, investors should just SKIP this offer.</span></p> Read detail review...
| Listing Date | August 30, 2013 |
| BSE Script Code | 536128 |
| NSE Symbol | |
| ISIN | INE211P01013 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹23.80 |
| Low | ₹23.80 |
| High | ₹26.25 |
| Last Trade | ₹23.80 |
VKJ Infradevelopers Ltd.
B-25, First Floor,
Dayanand Colony, Lajpat Nagar,
New Delhi – 110024, India
New Delhi, New Delhi
Phone: +91 11 3231 9722
Email: vkjinfradevelop@yahoo.com
Website: http://www.vkjinfra.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
VKJ Infradevelopers IPO is a SME IPO of 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.75 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on August 12, 2013, and closes on August 16, 2013.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in VKJ Infradevelopers IPO using UPI as a payment gateway. Zerodha customers can apply in VKJ Infradevelopers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VKJ Infradevelopers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VKJ Infradevelopers IPO opens on August 12, 2013 and closes on August 16, 2013.
VKJ Infradevelopers IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in VKJ Infradevelopers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for VKJ Infradevelopers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VKJ Infradevelopers IPO allotment status.
The VKJ Infradevelopers IPO listing date is on Friday, August 30, 2013.
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