Veer Global IPO Details
Veer Global IPO description – Veer Global is a real estate developer, primarily focusing on development of residential projects in Vasai- Virar and Palghar district. It has over 9 years of experience in developing residential projects in the low-income affordable housing segment. Its projects primarily cater to affordable housing. As on 17 August 2020, the company has completed 5 projects and has 7 ongoing projects.
Promoters of Veer Global – Mr Vijaybhai Vagjibhai Bhanshali, Mrs Anita Bhanshali, Mr Vinod Mohanlal Jain, Mr Mukesh Chunilal Jain, Mr Abhishek Mukesh Jain, And Mr Priyank Chandrakant Parikh
| Veer Global IPO details | |
| Subscription Dates | 30 September – 9 October 2020 |
| Price Band | INR28 per share |
| Fresh issue | 1,756,000 shares (INR4.92 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,756,000 shares (INR4.92 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
Veer Global’s financial performance (in INR lakh) |
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| Â | Â | FY2018 | FY2019 | FY2020 |
| Revenue | Â | 233.3 | 1,007.5 | 862.6 |
| Expenses | Â | 225.3 | 990.5 | 838.1 |
| Net income | Â | 3.8 | 12.0 | 16.4 |
| Â | Â | Â | Â | Â |
Registrar of Veer Global IPO
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email:Â [email protected]
Website: www.purvashare.com
Valuation of Veer Global IPO (FY2020)
Earnings Per Share (EPS): INR0.46
Price/Earnings (PE ratio): 60.87
Return on Net Worth (RONW): 1.58% Net Asset Value (NAV): INR21.89 per share
Veer Global IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.08 |
| Day 2 |
0.13 |
| Day 3 |
0.33 |
| Day 4 |
0.67 |
| Day 5 |
0.91 |
| Day 6 |
1.14 |
| Day 7 |
1.51 |
Veer Global Contact Details
Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar, 100 Feet Road,
Behind Union Bank, Nalasopara (E),
Thane-401 209
Phone: +91 8484817311
Email: [email protected]
Website: www.veergloballtd.com
Veer Global IPO Allotment Status
Veer Global IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.Â
Listing Performance of Veer Global
IPO Opening Date: 30 September 2020
IPO Closing Date: 9 October 2020
Finalisation of Basis of Allotment: 14 October 2020
Initiation of refunds: 15 October 2020
Transfer of shares to demat accounts: 16 October 2020
Listing Date: 19 October 2020
Opening Price on BSE SME: INR31 per share (up 10.71% from IPO price)
Closing Price on BSE SME: INR29.5 per share (up 5.36% from IPO price)
