Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Mar 28, 2018 - Wed, Apr 4, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 28, 2018
IPO Close
Wed, Apr 4, 2018
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹19.74 Cr
| IPO Date | 28 Mar to 4 Apr, 2018 |
| Listed on | Thu, Apr 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,35,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 69,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2760 Cr) |
| Fresh Issue (Ex Market Maker) | 12,66,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 12,66,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 49,35,000 shares |
| NSE Symbol | VERA |
| ISIN | INE709Z01015 |
Vera Synthetic IPO comprises a total issue size of 13,35,000 shares. The net offer to the public is 12,66,000 shares, after excluding 69,000 shares allotted on a firm basis. Of the Net offer 6,33,000 (50.00%) allocated to NII 6,33,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,33,000 | 50.00% | 47.42% |
| Retail Shares Offered | 6,33,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 69,000 | 5.17% | |
| Total Shares Offered | 13,35,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Funding the working capital requirements of the Company | 3.84 |
| 2 | General corporate purposes | 1.00 |
The Vera Synthetic IPO is subscribed 3.49 times on April 4, 2018 5:00:00 PM (Day 4). The public issue subscribed 3.7 times in the retail category, [.] times in the QIB category, and 3.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.29 | 6,33,000 | 20,82,000 |
| Retail | 3.7 | 6,33,000 | 23,40,000 |
| Total | 3.49 | 12,66,000 | 44,22,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹44.85 |
| Low | ₹44.30 |
| High | ₹48.70 |
| Last Trade | ₹44.30 |
Lead Manager Reports
Vera Synthetic IPO is a SME IPO of 13,35,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Mar 28, 2018, and closes on Wed, Apr 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 Wed, Mar 28, 2018 and closes on Wed, Apr 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 Thu, Apr 12, 2018.
