Veekayem fashion and apparels IPO is engaged in the business of weaving and garment manufacturing.
| IPO Dates | 5-11 Aug 2022 |
| IPO Price | INR 28 per share |
| Fresh issue | 1,584,000 shares (INR 4.44 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,584,000 shares (INR 4.44 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Veekayem fashion and apparels IPO -Tentative Dates
| IPO Offer Opening Date | 05 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 |
| IPO Listing Date | 20 August 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing. The company’s product portfolio includes two main product categories: Textile the company manufactures Greige Fabrics including 100% Cotton – Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen and Garments the company manufacture all types of readymade garments for Both the gender, such as formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pyjamas and Bermuda.
Veekayem Fashion’s 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.
Strengths:
- Consistency in Quality and Service Standards.
- Scalable Business Model.
- Product mix and Market mix.
- Cost-effective production and timely fulfilment of orders.
- Experienced management and dedicated employee base.
- Wide sales and distribution network.
Objects of the Issue
- Funding working capital requirements.
- General corporate purposes.
Company Financials
| Particulars | 31-March-22 | 31-March -21 | 31-March-20 |
| Total Assets | 13267.19 | 12351.95 | 12090.4 |
| Total Revenue | 14947.02 | 7670.06 | 21571.46 |
| Profit After Tax | 188.54 | 35.25 | 109.1 |
Company Contact Information
Veekayem Fashion and Apparels Limited
113, Udyog Bhavan,
Sharma Ind. Estate, Walghat Road,
Goregaon East, Mumbai, India – 400 063
Phone: +91 22 4035 1481
Email: cs@vkmgroups.biz
Website: https://www.vkmgroups.com/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: veekayem.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- GYR Capital Advisors Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
