Veeram 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:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Veeram Infra IPO Allotment Status
Veeram Infra IPO allotment status is now 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: 23 October 2018
Listing Price on BSE SME: INR53 per share (up 3.92% from IPO price)
Closing Price on BSE SME: INR51 per share (no change from IPO price)
