Veer Global Infraconstruction Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Sep 2020

Close Date

09 Oct 2020

Allotment

14 Oct 2020

Listing Date

19 Oct 2020

Exchange

BSE SME

Price Band

₹28

Listing Price

See chart

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

17,56,000 shares (aggregating up to ₹4.92 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹112,000

1 lot

Pre-IPO Holding

48,41,710 shares

Promoters

Post-IPO Holding

65,97,710 shares

Promoters

UPI Deadline

2020-10-09

Mandate

Anchor AllotmentTue, 29 Sep 2020

Basis of AllotmentWed, 14 Oct 2020

Refund InitiationThu, 15 Oct 2020

Demat CreditFri, 16 Oct 2020

Listing DayMon, 19 Oct 2020

UPI Mandate Deadline2020-10-09

Sale TypeFresh Capital

Net Offer to Public16,64,000 shares (aggregating up to ₹4.66 Cr)

Market Maker Quota92,000 shares (aggregating up to ₹0.2576 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Veer Global Infraconstruction Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Oct 2020.

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	92,000	—	₹0.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,756,000	100%	₹4.92

IPO Shares Offered

Veer Global Infraconstruction Ltd. IPO total issue size: ₹4.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	92,000	₹0.26	5.24%
Total	1,756,000	₹4.92	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

29 Sep 2020

✓ Done

IPO Open

30 Sep 2020

✓ Done

IPO Close

09 Oct 2020

✓ Done

Allotment

14 Oct 2020

✓ Done

Refunds

15 Oct 2020

✓ Done

Demat Credit

16 Oct 2020

✓ Done

Listing Day

19 Oct 2020

✓ Done

₹28.00

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Issue ₹28.00 Live Price

About Veer Global Infraconstruction Ltd.

Incorporated in 2012, Veer Global Infraconstruction Limited is a real-estate developer company that primarily engaged in developing residential projects in the affordable housing segment. It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships. Its core business activities include location identification, acquisition, project planning, designing and development and sales & marketing.VGIL positioned as "Creation and not Construction" has landmark development across Mumbai, Vasai, Virar, Umroli, Boisar & Shahada. Till Sep 2020, it has completed 5 residential projects and Veer-11, Parasnath Township Bldg No. 2, Veer Splendor - Phase II, Veer-10, Veer-4, and D-wing Veer-2 are currently ongoing projects.Competitive Strengths• Focus on low-income affordable housing segment.• Strategic location advantages in the District of Palghar.• Experienced team of promoters and managers.

Objects of the Issue

To meet the working capital requirements.

To meet general corporate purposes.

To meet issue related expenditures.

Veer Global Infraconstruction Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

₹233.3

31-Mar-18

₹1,007.5

31-Mar-19

₹862.6

31-Mar-20

Profit After Tax (PAT)

₹4.7

31-Mar-18

₹12.9

31-Mar-19

₹17.6

31-Mar-20

Particulars	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from Operations	862.58	1007.52	233.30
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	17.60	12.87	4.74
Net Worth	N/A	N/A	N/A
Total Assets	3290.11	2929.13	2021.76
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered17,56,000 (100.00%)

Net Offer to Public16,64,000 shares (aggregating up to ₹4.66 Cr)

Reserved for Market Maker92,000 shares (aggregating up to ₹0.2576 Cr)

Pre-Issue Promoter Holding48,41,710 shares

Post-Issue Promoter Holding65,97,710 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query

Check Allotment

Book Running Lead Managers

Capital Square 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 Veer Global Infraconstruction Ltd. IPO subscribed? ▲

Veer Global Infraconstruction Ltd. IPO is subscribed 1.00 times by Oct 09, 2020. 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 Veer Global Infraconstruction Ltd. IPO retail subscription status? ▼

The Veer Global Infraconstruction Ltd. IPO retail category is subscribed 1.00 times as of 09 Oct 2020. The retail portion is oversubscribed.

How to subscribe Veer Global Infraconstruction Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Sep 2020 and closes 09 Oct 2020. Min investment: ₹112,000 (1 lot = 4,000 shares). UPI mandate: 2020-10-09.

How many times Veer Global Infraconstruction Ltd. IPO subscribed? ▼

The Veer Global Infraconstruction Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veer Global Infraconstruction Ltd. IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd.) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Oct 2020. Refunds: on 15 Oct 2020.

When Veer Global Infraconstruction Ltd. IPO will be listed? ▼

The Veer Global Infraconstruction Ltd. IPO listing date is 19 Oct 2020, Monday. Listed on: BSE SME. Issue price: ₹28. Estimated listing: ₹28. GMP: NIL.

When Veer Global Infraconstruction Ltd. IPO close? ▼

The Veer Global Infraconstruction Ltd. IPO closes on 09 Oct 2020, Friday. UPI mandate: 2020-10-09. Allotment: 14 Oct 2020. Listing: 19 Oct 2020.

Quick Actions

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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 Date30 Sep 2020

Close Date09 Oct 2020

Allotment14 Oct 2020

Listing Date19 Oct 2020

ExchangeBSE SME

UPI Deadline2020-10-09