IPO Synopsis
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Veeram Infra Engineering Ltd
Registered Office:
Basement Medicare Centre,Behind M J Library Ellisbridge,
Ahmedabad - 380006,
Gujarat, India.
Public issue of 21,06,000 equity shares of face value of (Rs)10/- each ("equity shares") of Veeram Infra Engineering limited (" the company" or "the issuer") for cash at a price (Rs)51/- per equity share (including a share premium of (Rs) 41/- per equity share) ("issue price") aggregating to (Rs)10.74 Crores("the issue"), of which 1,10,000 equity shares of face value of (Rs)10/- each for a cash price of (Rs)51/- per equity share, aggregating to Rs 0.56 Crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 19,96,000 equity shares of face value of (Rs) 10/- each at an issue price of (Rs) 51 per equity share aggregating to (Rs) 10.18 Crores (is here in after referred to as the "net issue"). The issue and the net issue will constitute 26.47% and 25.09%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs) 10/- each and the issue price of (Rs) 51/- i.e. 5.1 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Sep-18
12-Oct-18
51.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
10.74
First Overseas Capital Ltd
Project Financed through Current Offer
10.74
 
Post Issue Equity Share Capital
7.96
 
Issue Price
51.00
 
Projects
To Meet the Working Capital Requirements
Promoted By
Satishkumar R Gajjar
Geetaben S Gajjar
Listing At
BSE - SME
Registrar to the Issue
Karvy Fintech Pvt Ltd
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