Veeram Infra Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Sep 2018

Close Date

12 Oct 2018

Allotment

18 Oct 2018

Listing Date

23 Oct 2018

Exchange

BSE SME

Price Band

₹51

Listing Price

See chart

Allotment Status

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Price Band

₹51

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

21,06,000 shares (aggregating up to ₹10.74 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹102,000

1 lot

Pre-IPO Holding

58,50,852 shares

Promoters

Post-IPO Holding

79,56,852 shares

Promoters

UPI Deadline

2018-10-12

Mandate

Anchor AllotmentThu, 27 Sep 2018

Basis of AllotmentThu, 18 Oct 2018

Refund InitiationFri, 19 Oct 2018

Demat CreditFri, 19 Oct 2018

Listing DayTue, 23 Oct 2018

UPI Mandate Deadline2018-10-12

Sale TypeFresh Capital

Net Offer to Public19,96,000 shares (aggregating up to ₹10.18 Cr)

Market Maker Quota1,10,000 shares (aggregating up to ₹0.5610 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Veeram Infra Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Oct 2018.

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	110,000	—	₹0.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,106,000	100%	₹10.74

IPO Shares Offered

Veeram Infra Engineering Ltd. IPO total issue size: ₹10.74 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	110,000	₹0.56	5.22%
Total	2,106,000	₹10.74	100.00%

* Based on upper price band ₹51 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹51.00

Upper Band

Min Investment

₹102,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹204,000
Retail (Max — 13 Lots)	13	26,000	₹1,326,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,428,000
B-HNI (Min — 68 Lots)	68	136,000	₹6,936,000

* Issue Price ₹51 × Lot Size 2,000 shares

IPO Schedule

Anchor

27 Sep 2018

✓ Done

IPO Open

28 Sep 2018

✓ Done

IPO Close

12 Oct 2018

✓ Done

Allotment

18 Oct 2018

✓ Done

Refunds

19 Oct 2018

✓ Done

Demat Credit

19 Oct 2018

✓ Done

Listing Day

23 Oct 2018

✓ Done

₹51.00

INR · BSE

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Issue ₹51.00 Live Price

About Veeram Infra Engineering Ltd.

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 To meet the Working Capital Requirements

Veeram Infra Engineering Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹2.9

31-Mar-16

₹4.0

31-Mar-17

₹1,281.5

31-Mar-18

Profit After Tax (PAT)

₹0.0

31-Mar-16

₹0.0

31-Mar-17

₹67.1

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	1281.50	3.95	2.94
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	67.07	0.02	0.01
Net Worth	N/A	N/A	N/A
Total Assets	935.06	25.99	25.57
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 Offered21,06,000 (100.00%)

Net Offer to Public19,96,000 shares (aggregating up to ₹10.18 Cr)

Reserved for Market Maker1,10,000 shares (aggregating up to ₹0.5610 Cr)

Pre-Issue Promoter Holding58,50,852 shares

Post-Issue Promoter Holding79,56,852 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

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

First Overseas Capital Ltd.

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

IPO Subscription FAQs

How much Veeram Infra Engineering Ltd. IPO subscribed? ▲

Veeram Infra Engineering Ltd. IPO is subscribed 1.00 times by Oct 12, 2018. 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 Veeram Infra Engineering Ltd. IPO retail subscription status? ▼

The Veeram Infra Engineering Ltd. IPO retail category is subscribed 1.00 times as of 12 Oct 2018. The retail portion is oversubscribed.

How to subscribe Veeram Infra Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Sep 2018 and closes 12 Oct 2018. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2018-10-12.

How many times Veeram Infra Engineering Ltd. IPO subscribed? ▼

The Veeram Infra Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veeram Infra Engineering 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: 18 Oct 2018. Refunds: on 19 Oct 2018.

When Veeram Infra Engineering Ltd. IPO will be listed? ▼

The Veeram Infra Engineering Ltd. IPO listing date is 23 Oct 2018, Tuesday. Listed on: BSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When Veeram Infra Engineering Ltd. IPO close? ▼

The Veeram Infra Engineering Ltd. IPO closes on 12 Oct 2018, Friday. UPI mandate: 2018-10-12. Allotment: 18 Oct 2018. Listing: 23 Oct 2018.

Quick Actions

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Live Price LIVE

Last Price₹51.00

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Issue Price₹51.00

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Quick Summary

StatusListed

Issue Price₹51

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹102,000

GMPNIL

Est. Listing₹51

Subscribed1.00x

Open Date28 Sep 2018

Close Date12 Oct 2018

Allotment18 Oct 2018

Listing Date23 Oct 2018

ExchangeBSE SME

UPI Deadline2018-10-12