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Veer Global Infraconstruction IPO is a fixed price issue of ₹4.92 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹4.92 crore.
Veer Global Infraconstruction IPO bidding started from Sep 30, 2020 and ended on Oct 9, 2020. The allotment for Veer Global Infraconstruction IPO was finalized on Oct 14, 2020. The shares got listed on BSE SME on Oct 19, 2020.
Veer Global Infraconstruction IPO price is ₹28.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Capital Square Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue.
Refer to Veer Global Infraconstruction IPO DRHP for detailed Information.
| IPO Date | September 30, 2020 to October 9, 2020 |
| Listing Date | October 19, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,56,000 shares (aggregating up to ₹4.92 Cr) |
| Reserved for Market Maker | 92,000 shares (aggregating up to ₹0.2576 Cr) |
| Net Offered to Public | 16,64,000 shares (aggregating up to ₹4.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,41,710 shares |
| Share Holding Post Issue | 65,97,710 shares |
Veer Global Infraconstruction IPO offers total 17,56,000 shares. Out of which 8,32,000 (47.38%) allocated to NII, 8,32,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.24%) |
| NII (HNI) Shares Offered | 8,32,000 (47.38%) |
| Retail Shares Offered | 8,32,000 (47.38%) |
| Total Shares Offered | 17,56,000 (100.00%) |
Veer Global Infraconstruction IPO opens on September 30, 2020, and closes on October 9, 2020.
| IPO Open Date | Wed, Sep 30, 2020 |
| IPO Close Date | Fri, Oct 9, 2020 |
| Tentative Allotment | Wed, Oct 14, 2020 |
| Initiation of Refunds | Thu, Oct 15, 2020 |
| Credit of Shares to Demat | Fri, Oct 16, 2020 |
| Tentative Listing Date | Mon, Oct 19, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 9, 2020 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Veer Global Infraconstruction Limited is a real-estate developer company that primarily engaged in developing residential projects in the affordable housing segment. It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships. Its core business activities include location identification, acquisition, project planning, designing and development and sales & marketing.
VGIL positioned as "Creation and not Construction" has landmark development across Mumbai, Vasai, Virar, Umroli, Boisar & Shahada. Till Sep 2020, it has completed 5 residential projects and Veer-11, Parasnath Township Bldg No. 2, Veer Splendor - Phase II, Veer-10, Veer-4, and D-wing Veer-2 are currently ongoing projects.
Competitive Strengths
• Focus on low-income affordable housing segment.
• Strategic location advantages in the District of Palghar.
• Experienced team of promoters and managers.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,290.11 | 2,929.13 | 2,021.76 | |
| Total Revenue | 862.58 | 1,007.52 | 233.30 | |
| Profit After Tax | 17.60 | 12.87 | 4.74 | |
The net proceed from the IPO will be used towards following purposes;
• To meet the working capital requirements.
• To meet general corporate purposes.
• To meet issue related expenditures.
[Dilip Davda] VGIL has posted average performance with the inconsistent top line. Based on P/E parameters, the issue is exorbitantly priced. This segment is currently witnessing subdued demand and slowdown due to COVID-19 pandemic. There is no harm in giving this IPO a "MISS". Read detail review...
| Listing Date | October 19, 2020 |
| BSE Script Code | 543241 |
| NSE Symbol | |
| ISIN | INE244W01010 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹31.00 |
| Low | ₹29.45 |
| High | ₹31.00 |
| Last Trade | ₹29.50 |
Veer Global Infraconstruction Ltd.
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 Feet Road, Behind Union Bank, Nalasopara (E)
Thane
Mumbai, Maharashtra, 401209
Phone: +91 8484817311
Email: mail@veergloballtd.com
Website: http://www.veergloballtd.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Veer Global Infraconstruction IPO is a SME IPO of 17,56,000 equity shares of the face value of ₹10 aggregating up to ₹4.92 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on September 30, 2020, and closes on October 9, 2020.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Veer Global Infraconstruction IPO using UPI as a payment gateway. Zerodha customers can apply in Veer Global Infraconstruction IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veer Global Infraconstruction IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veer Global Infraconstruction IPO opens on September 30, 2020 and closes on October 9, 2020.
Veer Global Infraconstruction IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Veer Global Infraconstruction 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 Veer Global Infraconstruction IPO will be done on Wednesday, October 14, 2020, and the allotted shares will be credited to your demat account by Friday, October 16, 2020. Check the Veer Global Infraconstruction IPO allotment status.
The Veer Global Infraconstruction IPO listing date is on Monday, October 19, 2020.
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