Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Wed, Sep 30, 2020 - Fri, Oct 9, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 30, 2020
IPO Close
Fri, Oct 9, 2020
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹18.47 Cr
| IPO Date | 30 Sep to 9 Oct, 2020 |
| Listed on | Mon, Oct 19, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,56,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 92,000 shares (agg. up to ₹0.2576 Cr) |
| Fresh Issue (Ex Market Maker) | 16,64,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 16,64,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 48,41,710 shares |
| Share Holding Post Issue | 65,97,710 shares |
| BSE Script Code | 543241 |
| ISIN | INE244W01010 |
Veer Global Infraconstruction IPO comprises a total issue size of 17,56,000 shares. The net offer to the public is 16,64,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,32,000 (50.00%) allocated to NII 8,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,32,000 | 50.00% | 47.38% |
| Retail Shares Offered | 8,32,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.24% | |
| Total Shares Offered | 17,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet the Short term Working Capital Expenses. | 4.00 |
| 2 | General corporate purpose. | 0.66 |
The Veer Global Infraconstruction IPO is subscribed 1.51 times on October 9, 2020 6:50:01 PM (Day 8). The public issue subscribed 1.18 times in the retail category, [.] times in the QIB category, and 1.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.84 | 8,78,000 | 16,12,000 |
| Retail | 1.18 | 8,78,000 | 10,36,000 |
| Total | 1.51 | 17,56,000 | 26,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.19 |
| 2 | Fees Payable to Advertising and Marketing Expenses. | 0.02 |
| 3 | Fees Payable to Regulators including Stock Exchange. | 0.02 |
| 4 | Printing and Stationery Expenses. | 0.01 |
| 5 | Brokerage & Selling Commission. | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹31.00 |
| Low | ₹29.45 |
| High | ₹31.00 |
| Last Trade | ₹29.50 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Veer Global Infraconstruction IPO is a SME IPO of 17,56,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Sep 30, 2020, and closes on Fri, Oct 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 Wed, Sep 30, 2020 and closes on Fri, Oct 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 Fri, Oct 16, 2020. Check the Veer Global Infraconstruction IPO allotment status.
The Veer Global Infraconstruction IPO listing date is on Mon, Oct 19, 2020.
