Veeram Infra Engineering Limited is incorporated in 1994 based in Ahmedabad. The company started their business in offset printing and currently their intend to cater to the increasing demands of our existing customers and also to increase our customer base by enhancing the distribution reach of our products in different parts of the country. Their promoters developed focus in real estate for last 2-3 years and they are getting good revenues form the same. After the changes in business the Company’s MoA wherein their 70% revenues coming from its real estate business and the remaining from its ancillary business. Veeram Infra Engineering ipo is starting from 28-September and ends on 08-October. The price band is around Rs.51 with 2000 market lot. The ipo size is around 10.74 crore rupees.
IPO Review:
- Avoid
Veeram Infra Engineering IPO Dates & Price Band:
- IPO Open: 28-September-2018
- IPO Close: 08-October-2018
- IPO Size: Approx Rs 10.74 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.51 Per Equity Share
- Listing on: BSE SME
- Shares: 2,106,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 2,000 Shares (Minimum Lot Size)
- Amount: Rs.1,02,000
IPO Allotment & Listing:
- Basis of Allotment: 12-October-2018
- Refunds: 15-October-2018
- Credit to demat accounts: 16-October-2018
- Listing: 17-October-2018
Financial Results:
| Rs. in Crore | |||||
| Assets | Revenue | PAT | |||
| 2014 | 0.24 | 0.04 | 0.00 | ||
| 2015 | 0.25 | 0.04 | 0.00 | ||
| 2016 | 0.26 | 0.03 | 0.00 | ||
| 2017 | 0.26 | 0.04 | 0.00 | ||
| 2018 | 9.35 | 12.82 | 0.67 | ||
Veeram Infra Engineering IPO Important Links:
Company Promoters:
- Mr. Satishkumar R. Gajjar
- Mrs. Geetaben S. Gajjar
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com
IPO Lead Managers:
- First Overseas Capital Limited
Company Address:
Veeram Infra Engineering Limited Limited (VIEL)
Basement Medicare Centre
Behind M. J. Library, Opp. Stock Exchange
Ellisbridge, Ahmedabad – 380006
Phone: +91 79 4892 1375
Email: [email protected]
Website: http://www.veeraminfra.com/
