Vera Synthetic Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Mar 2018

Close Date

04 Apr 2018

Allotment

10 Apr 2018

Listing Date

12 Apr 2018

Exchange

NSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

13,35,000 shares (aggregating up to ₹5.34 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

36,00,000 shares

Promoters

Post-IPO Holding

49,35,000 shares

Promoters

UPI Deadline

2018-04-04

Mandate

Anchor AllotmentTue, 27 Mar 2018

Basis of AllotmentTue, 10 Apr 2018

Refund InitiationWed, 11 Apr 2018

Demat CreditWed, 11 Apr 2018

Listing DayThu, 12 Apr 2018

UPI Mandate Deadline2018-04-04

Sale TypeFresh Capital

Net Offer to Public12,66,000 shares (aggregating up to ₹5.06 Cr)

Market Maker Quota69,000 shares (aggregating up to ₹0.2760 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Vera Synthetic Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Apr 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	69,000	—	₹0.28
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,335,000	100%	₹5.34

IPO Shares Offered

Vera Synthetic Ltd. IPO total issue size: ₹5.34 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	69,000	₹0.28	5.17%
Total	1,335,000	₹5.34	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

27 Mar 2018

✓ Done

IPO Open

28 Mar 2018

✓ Done

IPO Close

04 Apr 2018

✓ Done

Allotment

10 Apr 2018

✓ Done

Refunds

11 Apr 2018

✓ Done

Demat Credit

11 Apr 2018

✓ Done

Listing Day

12 Apr 2018

✓ Done

₹40.00

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Issue ₹40.00 Live Price

About Vera Synthetic Ltd.

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 market its products under its flagship brand "Sujlon". The products are primarily used in fishing sector and other allied use 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

Vera Synthetic Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹2,449.4

31-Mar-15

₹2,195.1

31-Mar-16

₹1,844.2

31-Mar-17

Profit After Tax (PAT)

₹4.8

31-Mar-15

₹27.4

31-Mar-16

₹34.4

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	1844.22	2195.12	2449.42
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	34.43	27.40	4.78
Net Worth	N/A	N/A	N/A
Total Assets	863.60	731.78	705.79
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 Offered13,35,000 (100.00%)

Net Offer to Public12,66,000 shares (aggregating up to ₹5.06 Cr)

Reserved for Market Maker69,000 shares (aggregating up to ₹0.2760 Cr)

Pre-Issue Promoter Holding36,00,000 shares

Post-Issue Promoter Holding49,35,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

verasynthetics.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Pantomath 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 Vera Synthetic Ltd. IPO subscribed? ▲

Vera Synthetic Ltd. IPO is subscribed 1.00 times by Apr 04, 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 Vera Synthetic Ltd. IPO retail subscription status? ▼

The Vera Synthetic Ltd. IPO retail category is subscribed 1.00 times as of 04 Apr 2018. The retail portion is oversubscribed.

How to subscribe Vera Synthetic Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Mar 2018 and closes 04 Apr 2018. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2018-04-04.

How many times Vera Synthetic Ltd. IPO subscribed? ▼

The Vera Synthetic Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Vera Synthetic Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Apr 2018. Refunds: on 11 Apr 2018.

When Vera Synthetic Ltd. IPO will be listed? ▼

The Vera Synthetic Ltd. IPO listing date is 12 Apr 2018, Thursday. Listed on: NSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Vera Synthetic Ltd. IPO close? ▼

The Vera Synthetic Ltd. IPO closes on 04 Apr 2018, Wednesday. UPI mandate: 2018-04-04. Allotment: 10 Apr 2018. Listing: 12 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹40.00

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Issue Price₹40.00

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Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date28 Mar 2018

Close Date04 Apr 2018

Allotment10 Apr 2018

Listing Date12 Apr 2018

ExchangeNSE SME

UPI Deadline2018-04-04