Vera Synthetic IPO is set to make its debut on 28 March 18 with 5.38 cr is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar.
Vera Synthetic IPO – overview
| IPO Dates | 28 March – 4 April 18 |
| IPO Price | INR 40 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,335,000 shares (INR 5.38 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2000, Gujarat based Vera Synthetic Limited is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. The company manufactures and markets its products under its flagship brand “Sujlon”. The products are primarily used in the fishing sector and other allied uses thereon.
At present Vera caters only to domestic markets. The company has dealers, traders and distributors spread across different regions of the Country. It sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan, etc.
The company’s manufacturing facility is divided into two units namely Division I and Division II (situated at Mamsa, Gujarat).
As on January 31, 2018, the Company had 88 employees on its payroll.
Objects of the Issue
1 Funding the working capital requirements of the Company
2. General corporate purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 863.60 | 731.78 | 705.79 |
| Total Revenue | 1,844.22 | 2,195.12 | 2,449.42 |
| Profit After Tax | 34.43 | 27.40 | 4.78 |
Company Contact Information
Vera Synthetic Limited
Office No. UL-27
Pattani Plaza, Devubag,
Dairy Road, Bhavnagar – 364002
Phone: 0278-2525434
Email: info@sujlonropes.com
Website: http://www.sujlonropes.com
Vera Synthetic IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: verasynthetics.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Vera Synthetic IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
