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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 ₹51.00 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). The minimum lot size investment for 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 Date | September 28, 2018 to October 12, 2018 |
| Listing Date | October 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,06,000 shares (aggregating up to ₹10.74 Cr) |
| Reserved for Market Maker | 1,10,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.5610 Cr) |
| Net Offered to Public | 19,96,000 shares (aggregating up to ₹10.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 58,50,852 shares |
| Share Holding Post Issue | 79,56,852 shares |
Veeram Infra Engineering IPO offers total 21,06,000 shares. Out of which 9,98,000 (47.39%) allocated to NII, 9,98,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.22%) |
| NII (HNI) Shares Offered | 9,98,000 (47.39%) |
| Retail Shares Offered | 9,98,000 (47.39%) |
| Total Shares Offered | 21,06,000 (100.00%) |
Veeram Infra Engineering IPO opens on September 28, 2018, and closes on October 12, 2018.
| IPO Open Date | Fri, Sep 28, 2018 |
| IPO Close Date | Fri, Oct 12, 2018 |
| Tentative Listing Date | Tue, Oct 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 12, 2018 |
Investors can bid for a minimum of 2,000 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 | 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 935.06 | 25.99 | 25.57 | 24.66 | 24.16 | |
| Total Revenue | 1,281.50 | 3.95 | 2.94 | 3.88 | 3.55 | |
| Profit After Tax | 67.07 | 0.02 | 0.01 | 0.01 | 0.02 | |
The Company Veeram Infra Engineering 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 Working Capital Requirements | 10.49 |
[Dilip Davda] <p>Considering exorbitant pricing, poor track record of LM, simply stay away from this issue.</p> Read detail review...
| Listing Date | October 23, 2018 |
| BSE Script Code | 542046 |
| NSE Symbol | |
| ISIN | INE647Z01017 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹48.75 |
| High | ₹51.25 |
| Last Trade | ₹51.25 |
Veeram Infra Engineering Ltd.
Basement Medicare Centre
Behind M. J. Library, Opp. Stock Exchange
Ellisbridge
Ahmedabad, Gujarat, 380006
Phone: +91 79 4892 1375
Email: complianceviel@gmail.com
Website: http://www.veeraminfra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Veeram Infra Engineering IPO is a SME IPO of 21,06,000 equity shares of the face value of ₹10 aggregating up to ₹10.74 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on September 28, 2018, and closes on October 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 September 28, 2018 and closes on October 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 Tuesday, October 23, 2018.
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