Veeram Infra Engg IPO is all set to make its debut on 28th Sept 18 with 10.74 Cr is a company engaged in the business of printing, trading of general mercantile and real estate.
Veeram Infra Engg IPO – overview
| IPO Dates | 28th sept – 12th Oct 2018 |
| IPO Price | INR 51 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,106,000 shares (INR 10.74 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 1994, Ahmedabad based Veeram Infra Engineering Limited is a company engaged in the business of printing, trading of general mercantile and real estate.
In the last 2-3 years, the company has made changes in its MoA wherein 70% company`s revenues from now on shall be earned through its real estate business and the remaining from the ancillary business.
The company has entered into a land development agreement measuring approximately 7.34 hectares at Sanand, Ahmedabad. The company will do the levelling and landfilling sell these plots in different sizes.
The company has 13 employees on its payroll.
Objects of the Issue
1. Working capital requirement
2. Issue expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 935.06 | 25.99 | 25.57 |
| Total Revenue | 1,281.50 | 3.95 | 2.94 |
| Profit After Tax | 67.07 | 0.02 | 0.01 |
Company Contact Information
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: complianceviel@gmail.com
Website: http://www.veeraminfra.com/
Veeram Infra Engineering IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Veeram Infra Engineering IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
