Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Sep 28, 2018 - Fri, Oct 12, 2018
Veeram Infra Engineering IPO is a fixed price issue of ₹10.74 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹10.74 crore.
Veeram Infra Engineering IPO bidding started from Sep 28, 2018 and ended on Oct 12, 2018. The shares got listed on BSE SME on Oct 23, 2018.
Veeram Infra Engineering IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Veeram Infra Engineering IPO RHP for detailed Information.
IPO Open
Fri, Sep 28, 2018
IPO Close
Fri, Oct 12, 2018
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹40.58 Cr
| IPO Date | 28 Sep to 12 Oct, 2018 |
| Listed on | Tue, Oct 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,06,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,10,000 shares Alacrity Securities Ltd. (agg. up to ₹0.5610 Cr) |
| Fresh Issue (Ex Market Maker) | 19,96,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 19,96,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 58,50,852 shares |
| Share Holding Post Issue | 79,56,852 shares |
| BSE Script Code | 542046 |
| ISIN | INE647Z01017 |
Veeram Infra Engineering IPO comprises a total issue size of 21,06,000 shares. The net offer to the public is 19,96,000 shares, after excluding 1,10,000 shares allotted on a firm basis. Of the Net offer 9,98,000 (50.00%) allocated to NII 9,98,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,98,000 | 50.00% | 47.39% |
| Retail Shares Offered | 9,98,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,10,000 | 5.22% | |
| Total Shares Offered | 21,06,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 1994, Ahmedabad based Veeram Infra Engineering Limited is a company engaged in the business of printing, trading of general mercantile and real estate.
In the last 2-3 years, the company has made changes in its MoA wherein 70% company`s revenues from now on shall be earned through its real estate business and the remaining from the ancillary business.
The company has entered into a land development agreement measuring approximately 7.34 hectares at Sanand, Ahmedabad. The company will do the levelling and landfilling sell these plots in different sizes.
The company has 13 employees on its payroll.
| 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 Working Capital Requirements | 10.49 |
The Veeram Infra Engineering IPO is subscribed 1.19 times on October 12, 2018 6:50:01 PM (Day 10). The public issue subscribed 0.75 times in the retail category, [.] times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.62 | 9,98,000 | 16,20,000 |
| Retail | 0.75 | 9,98,000 | 7,46,000 |
| Total | 1.19 | 19,96,000 | 23,66,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.20 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹48.75 |
| High | ₹51.25 |
| Last Trade | ₹51.25 |
Lead Manager Reports
Veeram Infra Engineering IPO is a SME IPO of 21,06,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 28, 2018, and closes on Fri, Oct 12, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Veeram Infra Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Veeram Infra Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veeram Infra Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veeram Infra Engineering IPO opens on Fri, Sep 28, 2018 and closes on Fri, Oct 12, 2018.
Veeram Infra Engineering IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Veeram Infra Engineering 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 Veeram Infra Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Veeram Infra Engineering IPO allotment status.
The Veeram Infra Engineering IPO listing date is on Tue, Oct 23, 2018.
