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Vera Synthetic IPO is a fixed price issue of ₹5.34 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹5.34 crore.
Vera Synthetic IPO bidding started from Mar 28, 2018 and ended on Apr 4, 2018. The shares got listed on NSE SME on Apr 12, 2018.
Vera Synthetic IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Vera Synthetic IPO RHP for detailed Information.
| IPO Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,35,000 shares (aggregating up to ₹5.34 Cr) |
| Reserved for Market Maker | 69,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2760 Cr) |
| Net Offered to Public | 12,66,000 shares (aggregating up to ₹5.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 49,35,000 shares |
Vera Synthetic IPO offers total 13,35,000 shares. Out of which 6,33,000 (47.42%) allocated to NII, 6,33,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 69,000 (5.17%) |
| NII (HNI) Shares Offered | 6,33,000 (47.42%) |
| Retail Shares Offered | 6,33,000 (47.42%) |
| Total Shares Offered | 13,35,000 (100.00%) |
Vera Synthetic IPO opens on March 28, 2018, and closes on April 4, 2018.
| IPO Open Date | Wed, Mar 28, 2018 |
| IPO Close Date | Wed, Apr 4, 2018 |
| Tentative Listing Date | Thu, Apr 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 4, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2000, Gujarat based Vera Synthetic Limited is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. The company manufactures and market its products under its flagship brand "Sujlon". The products are primarily used in fishing sector and other allied use thereon.
At present Vera caters only to domestic markets. The company has dealers, traders and distributors spread across different regions of the Country. It sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan, etc.
The company's manufacturing facility is divided into two units namely Division I and Division II (situated at Mamsa, Gujarat).
As on January 31, 2018, the Company had 88 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 863.60 | 731.78 | 705.79 | 850.54 | 909.84 | |
| Total Revenue | 1,844.22 | 2,195.12 | 2,449.42 | 1,975.76 | 2,202.59 | |
| Profit After Tax | 34.43 | 27.40 | 4.78 | 32.86 | 18.00 | |
The Company Vera Synthetic 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 | Funding the working capital requirements of the Company | 3.84 |
| 2 | General corporate purposes | 1.00 |
[Dilip Davda] <p>Company has inconsistent performance and has made loss for first half of current fiscal. Issue pricing is exorbitant. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | VERA |
| ISIN | INE709Z01015 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹44.85 |
| Low | ₹44.30 |
| High | ₹48.70 |
| Last Trade | ₹44.30 |
Vera Synthetic Ltd.
Office No. UL-27,
Pattani Plaza, Devubag,
Dairy Road, Bhavnagar,
Bhavnagar, Gujarat, 364002
Phone: 0278-2525434
Email: info@sujlonropes.com
Website: http://www.sujlonropes.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: verasynthetics.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Vera Synthetic IPO is a SME IPO of 13,35,000 equity shares of the face value of ₹10 aggregating up to ₹5.34 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on March 28, 2018, and closes on April 4, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vera Synthetic IPO using UPI as a payment gateway. Zerodha customers can apply in Vera Synthetic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vera Synthetic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vera Synthetic IPO opens on March 28, 2018 and closes on April 4, 2018.
Vera Synthetic IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Vera Synthetic 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 Vera Synthetic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vera Synthetic IPO allotment status.
The Vera Synthetic IPO listing date is on Thursday, April 12, 2018.
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