Veekayem Fashion & Apparels Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

05 Aug 2022

Close Date

11 Aug 2022

Allotment

17 Aug 2022

Listing Date

22 Aug 2022

Exchange

NSE SME

Price Band

₹28

Listing Price

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Allotment Status

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Price Band

₹28

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

15,84,000 shares (aggregating up to ₹4.44 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹112,000

1 lot

Pre-IPO Holding

42,91,730 shares

Promoters

Post-IPO Holding

58,75,730 shares

Promoters

P/E (Pre)

8.72x

UPI Deadline

2022-08-11

Mandate

Anchor AllotmentThu, 04 Aug 2022

Basis of AllotmentWed, 17 Aug 2022

Refund InitiationThu, 18 Aug 2022

Demat CreditFri, 19 Aug 2022

Listing DayMon, 22 Aug 2022

UPI Mandate Deadline2022-08-11

Sale TypeFresh Capital

Net Offer to Public15,04,000 shares (aggregating up to ₹4.21 Cr)

Market Maker Quota80,000 shares (aggregating up to ₹0.2240 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Veekayem Fashion & Apparels Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Aug 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	80,000	—	₹0.22
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,584,000	100%	₹4.44

IPO Shares Offered

Veekayem Fashion & Apparels Ltd. IPO total issue size: ₹4.44 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	80,000	₹0.22	5.05%
Total	1,584,000	₹4.44	100.00%

* Based on upper price band ₹28 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹28.00

Upper Band

Min Investment

₹112,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹224,000
Retail (Max — 13 Lots)	13	52,000	₹1,456,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,568,000
B-HNI (Min — 68 Lots)	68	272,000	₹7,616,000

* Issue Price ₹28 × Lot Size 4,000 shares

IPO Schedule

Anchor

04 Aug 2022

✓ Done

IPO Open

05 Aug 2022

✓ Done

IPO Close

11 Aug 2022

✓ Done

Allotment

17 Aug 2022

✓ Done

Refunds

18 Aug 2022

✓ Done

Demat Credit

19 Aug 2022

✓ Done

Listing Day

22 Aug 2022

✓ Done

₹28.00

INR · NSE

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Issue ₹28.00 Live Price

About Veekayem Fashion & Apparels Ltd.

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 men and women, 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.Competitive Strength: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

a) Funding the working capital requirements of the company.

b) General Corporate Purposes.

Veekayem Fashion & Apparels Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹7,670.1

31-Mar-21

₹21,571.5

31-Mar-20

₹20,317.4

31-Mar-19

Profit After Tax (PAT)

₹35.3

31-Mar-21

₹109.1

31-Mar-20

₹228.3

31-Mar-19

Particulars	31-Mar-19	31-Mar-20	31-Mar-21
Revenue from Operations	20317.36	21571.46	7670.06
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	228.31	109.10	35.25
Net Worth	2973.17	2869.65	2904.90
Total Assets	11789.30	12090.40	12351.95
Reserves & Surplus	2331.38	2440.48	2475.73
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered15,84,000 (100.00%)

Net Offer to Public15,04,000 shares (aggregating up to ₹4.21 Cr)

Reserved for Market Maker80,000 shares (aggregating up to ₹0.2240 Cr)

Pre-Issue Promoter Holding42,91,730 shares

Post-Issue Promoter Holding58,75,730 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

veekayem.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

GYR Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Veekayem Fashion & Apparels Ltd. IPO subscribed? ▲

Veekayem Fashion & Apparels Ltd. IPO is subscribed 1.00 times by Aug 11, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Veekayem Fashion & Apparels Ltd. IPO retail subscription status? ▼

The Veekayem Fashion & Apparels Ltd. IPO retail category is subscribed 1.00 times as of 11 Aug 2022. The retail portion is oversubscribed.

How to subscribe Veekayem Fashion & Apparels Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 05 Aug 2022 and closes 11 Aug 2022. Min investment: ₹112,000 (1 lot = 4,000 shares). UPI mandate: 2022-08-11.

How many times Veekayem Fashion & Apparels Ltd. IPO subscribed? ▼

The Veekayem Fashion & Apparels Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veekayem Fashion & Apparels Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 17 Aug 2022. Refunds: on 18 Aug 2022.

When Veekayem Fashion & Apparels Ltd. IPO will be listed? ▼

The Veekayem Fashion & Apparels Ltd. IPO listing date is 22 Aug 2022, Monday. Listed on: NSE SME. Issue price: ₹28. Estimated listing: ₹28. GMP: NIL.

When Veekayem Fashion & Apparels Ltd. IPO close? ▼

The Veekayem Fashion & Apparels Ltd. IPO closes on 11 Aug 2022, Thursday. UPI mandate: 2022-08-11. Allotment: 17 Aug 2022. Listing: 22 Aug 2022.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹28.00

Change—

Issue Price₹28.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹28

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹112,000

GMPNIL

Est. Listing₹28

Subscribed1.00x

Open Date05 Aug 2022

Close Date11 Aug 2022

Allotment17 Aug 2022

Listing Date22 Aug 2022

ExchangeNSE SME

UPI Deadline2022-08-11