Veeram Infra IPO

Veeram Infra IPOVeeram Infra IPO Description - Veeram Infra trades in different general goods & variety of products as per season like pulses, garments and metals etc. Currently, the company’s trading activities are focused only in Gujarat. However, it intends to cater to the increasing demands of its existing customers and also to increase its customer base by enhancing the distribution reach of products in different parts of the country.

Over the last 2-3 years, the company has diversified its business activities in the real estate sector. Its real estate business shall include development and sale of land, residential properties including identification and acquisition of land, development of land & infrastructure, acquisition of development rights of projects, marketing of projects/land. Currently, the company has entered in to a land development agreement for Land Development and Plotting Project at Village Zamp, Taluka Sanand, District Ahmedabad, Gujarat.

Promoters of Veeram Infra – Mr Satishkumar R Gajjar & Mrs Geetaben S Gajjar
Veeram Infra IPO details
Subscription Dates 28 September - 12 October 2018
IPO Price band INR51 per share
Fresh issue 2,106,000 shares (INR10.74 crore)
Offer for sale Nil
Total IPO size 2,106,000 shares (INR10.74 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements - INR10.49 crore
  • Issue Expenses - INR0.25 crore
Veeram Infra's financial performance (in INR lakh)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 3.55 3.88 2.94 3.95 1,281.50
Total expenses 3.53 3.87 3.87 3.93 1,199.61
Profit after tax 0.02 0.01 0.01 0.02 67.07
Veeram Infra Contact Details

Veeram Infra Engineering Limited
Basement Medicare Centre, Behind M. J. Library
Opp. Stock Exchange Ellisbridge
Ahmedabad - 380006

Phone: +91 79 4892 1375
Email: [email protected]
Website: www.veeraminfra.com

Veeram Infra IPO Subscription Details
Day Subscription (no. of times)
Day 1

0.01

Day 2

0.06

Day 3

0.07

Day 4

0.07

Day 5

0.07

Day 6

0.07

Day 7

0.07

Day 8 0.07
Day 9 0.27
Day 10 1.12
Veeram Infra Valuation (For FY2018)

Earnings Per Share (EPS): INR2.88

Price/Earnings (P/E) ratio: 17.71

Return on Net Worth (RONW): 10.28%

Net Asset Value (NAV): INR28 per share

Registrar of Veeram Infra IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Veeram Infra IPO Allotment Status

Veeram Infra IPO allotment status will be available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Veeram Infra

IPO Opening Date: 28 September 2018

IPO Closing Date: 12 October 2018

Listing Date: To be updated

Listing Price on BSE SME: To be updated

Closing Price on BSE SME: To be updated

Veeram Infra IPO
4 (80%) 3 votes

Leave a Reply

Your email address will not be published. Required fields are marked *