Veeram Infra Engineering Limited IPO

Veeram Infra Engineering Limited

Issue Open

Sep 28, 2018

Price Band

₹ 51

Issue Size

₹ 10.74 Cr

Credit of Shares to Demat

-

Issue Close

Oct 12, 2018

Bid Lot

2000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 23, 2018

Refunds

-

About the company:

Veeram Infra Engineering Limited is engaged in the business of real estate and ancillary activities.

Date of incorporation: The company was initially incorporated as ‘Vivid Offset Printers Private Limited’ on 4th March 1994 in Ahmedabad. Eventually, it was reformed to public limited company renamed to ‘Veeram Infra Engineering Limited’ (VIEL) on 29th January 2018.

Promoters of Veeram Infra Engineering Limited: Mr Satishkumar R. Gajjar and Mrs Geetaben S. Gajjar are the promoters of Veeram Infra Engineering Limited.

Products and Services Offering: The company offers diversified products and services including:

  • - Digital Printing.

  • - General Mercantile consisting of season goods trading.

  • - Real Estate sector including development and selling of land, residential properties and infrastructure.

Customer Segments: The company carters wide customers segments across Gujarat.

Objects of Veeram Infra Engineering Limited IPO: The core objectives of Veeram infra Engineering Limited IPO are-

  • - To Finance Working Capital Requirements.

  • - To Meet Issue related Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

935.06

25.99

25.57

24.66

24.16

Total Revenue

1,281.50

3.95

2.94

3.88

3.55

Profit After Tax

67.07

0.02

0.01

0.01

0.02

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