Veekayem Fashion IPO GMP, Review, Price, Allotment

Last updated on August 30, 2022

Veekayem Fashion IPO description – The company was incorporated in 1985 and is engaged in the business of weaving and garment manufacturing. The company’s business is organized in two main product categories:

Textile: It manufactures grey cloths including polyester / viscos, polyester cotton, 100 % Cotton, 100 % Linen, 100 % Wool and Lycra Fabrics through weaving process.

Garments: It manufactures all types of readymade garments for men and women. The broad categories include formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pajamas and bermuda.

It operates from its registered office located in Mumbai City, Maharashtra and its manufacturing facility is situated at Umargaon in the state of Gujarat. The manufacturing facility is installed with automated machinery capable of manufacturing 5,00,000 meters of fabric per month and 1,50,000 pcs of readymade garments per month. The company also has a testing facility within the premises of manufacturing units.

Promoters of Veekayem Fashion – Krishankant Gupta, Vijaykumar Gupta and
Madanlal Gupta

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Veekayem Fashion IPO Details

Subscription Dates	5 – 11 August 2022
Price Band	INR 28 per share
Fresh issue	15,84,000 shares (INR4.44 crore)
Offer For Sale	Nil
Total IPO size	15,84,000 shares (INR4.44 crore)
Minimum bid (lot size)	4,000 shares
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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Veekayem Fashion Financial Performance

	FY2020	FY2021	FY2022
Revenue	215.71	76.71	149.47
Expenses	214.15	76.19	147.94
Net income	1.09	0.35	1.89

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Veekayem Fashion Offer News

• Veekayem Fashion RHP
• Veekayem Fashion Draft Prospectus

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Veekayem Fashion Valuations & Margins

	FY2020	FY2021	FY2022
EPS	2.54	0.82	4.39
PE ratio	11.02	34.15	6.37
RONW (%)	3.80	1.21	6.09
EBITDA (%)	4.83	12.58	6.91
NAV	–	67.69	72.12

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Veekayem Fashion IPO GMP Daily Trend

Date	Veekayem Fashion IPO GMP	Kostak	Subject to Sauda

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Veekayem Fashion IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	7,92,000	7,92,000	15,84,000
Day 1	0.16	2.24	1.20
Day 2	1.64	32.78	17.21
Day 3	44.04	107.59	75.81
Day 4	355.85	247.09	301.47

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Veekayem Fashion IPO Lead Manager

GYR Capital Advisors Private Limited
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej,
Ahmedabad -380 054,
Gujarat, India.
Phone : +91 87775 64648
E-mail: [email protected]
Website: www.gyrcapitaladvisors.com

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Veekayem Fashion Offer Registrar

KFin Technologies Limited
Selenium Tower-B,
Plot 31 & 32,
Gachibowli,
Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

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Veekayem Fashion IPO Contact Details

Veekayem Fashion & Apparels Limited
Anandlok Building, Block-A : 113,
Udyog Bhavan, Sharma Ind. Estate,
Walghat Road, Goregaon East,
Mumbai, Maharashtra, India – 400 063;
Phone: +91 22 4035 1481
Email: [email protected]
Website: www.vkmgroups.com;

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Veekayem Fashion IPO Allotment Status

Veekayem Fashion IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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Veekayem Fashion IPO Timetable

IPO Opening Date	5 August 2022
IPO Closing Date	11 August 2022
Finalisation of Basis of Allotment	17 August 2022
Initiation of refunds	18 August 2022
Transfer of shares to demat accounts	19 August 2022
Listing Date	22 August 2022
Opening Price on NSE SME	INR49.9 per share (up 78.21% from IPO price)
Closing Price on NSE SME	INR50 per share (up 78.57% from IPO price)

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Veekayem Fashion IPO FAQs