Veer Global IPO (VGIL IPO) Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Last Updated Date: Nov 16, 2022

Let’s have a detailed review of the company and analytics of the Veer Global IPO release date, IPO offer price, subscription, Veer Global Infraconstruction IPO allotment, grey market price and other details like the company’s background, its financial positions, Veer Global Ltd IPO (VGIL IPO) promoters and other related things.

Face Value	Rs 10
Price Band	Rs 28
Listing At	BSE SME
Min. Order Quantity	4000
Listing Date	NA
Offer for Sale	Rs Crores
Fresh Issue	Rs Crores
IPO Size	Rs 4.92 Crores
Tick Size	NA

Veer Global IPO is listed at [●] premium, check out the live share price by clicking on the below link.

Veer Global Share Price – Live Performance

Summary of Veer Global Infraconstruction IPO

$Veer Global Infraconstruction IPO$

They are a real estate developer, primarily focusing on development of residential projects in Vasai- Virar and Palghar district. They have over 9 years of experience in, developing residential projects in the low-income affordable housing segment.

Their projects primarily cater to affordable housing where they try to bring reality to the dreams of people for owning their own place to live, they achieve this by creative pricing and flexible payment terms ranges within the low-income affordable housing market segment. As on the date of filing of Draft Prospectus, they have completed 5 projects.

The Promoters of this company are MR. VIJAYBHAI VAGJIBHAI BHANSHALI, MRS. ANITA BHANSHALI, MR. VINOD MOHANLAL JAIN, MR. MUKESH CHUNILAL JAIN, MR. ABHISHEK MUKESH JAIN, AND MR. PRIYANK CHANDRAKANT PARIKH.

The lead manager to the issue is CAPITALSQUARE ADVISORS PRIVATE LIMITED. The Registrar to this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.

Veer Global Infraconstruction IPO Dates / Launch Date

The opening and the closing date of Veer Global Infraconstruction IPO is Sep 30, 2020 – Oct 9, 2020.

Veer Global Infraconstruction IPO Subscription

Day / Date	NII	RII	Total Subscription
1st Day – Sep 30	0.14x	0.02x	0.08x
2nd Day – Oct 1	0.18x	0.07x	0.13x
3rd Day – Oct 2
5th Day – Oct 3
6th Day – Oct 4
7th Day – Oct 5
8th Day – Oct 6
9th Day – Oct 7
10th Day – Oct 8
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Veer Global IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Veer Global Ltd IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization	–
Refunds Initiation	–
Credit of Shares to Demat Account	–
Share Listing Date	–

Veer Global Infraconstruction IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.28.

Veer Global Infraconstruction IPO Size

This Initial Public Issue of 17,56,000 Equity Shares of Rs.10 each for cash at a price of Rs.28 per equity share aggregating to Rs.4.92 Crores

Veer Global Ltd IPO Share Offering

Issue: The Fresh Issue of 17,56,000 Equity Shares by their Company of Rs.10 each at a price of Rs.28 per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.28 per Equity Shares aggregating to Rs.[●] lakhs

Veer Global IPO – Live Performance

The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Veer Global Share Price

Veer Global Ltd IPO Grey Market Premium

The Veer Global Infraconstruction IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.

Veer Global Limited IPO – Company Overview

Their Company was founded in 2012 by their promoters; their promoters have been associated with the real estate business for over 15 years and have been instrumental in the growth of their Company. They are experienced in various aspects of the real estate development business, including identification and selection of location, development, design, project management and sales and marketing.

Veer Global Infraconstruction Primary Focus Area

They focus on residential projects, which include residential building in townships, redevelopments, etc. mainly in affordable segments. Till date their Company has completed 5 residential projects. They currently have seven ongoing projects.

Veer Global Infraconstruction Brand Image

They believe that they have established reasonable brand image and have a proven track record of execution of real estate projects. The company focuses on designing and developing their products to address consumer needs at convenient locations and at affordable price points.

They have tethered the fluctuations of the market through the guidance of their promoters. They streamline their project management and construction processes with an aim to develop affordable housing products consistently and in a timely and cost-efficient manner.

Veer Global Infraconstruction Growth Strategy

They believe that one of the reasons for their success in recent years has been their ability to identify suitable and upcoming location for people across low-income groups.

They believe that their understanding of the relevant micro real estate market, perception of their customers, innovative design and personalised marketing strategy enable them to attract customers.

Veer Global Infraconstruction Limited: Business strategies

Continue to focus on the low-income affordable housing segment
Improve operational efficiencies and timelines
Continue to maintain a low debt balance sheet
Expand their projects to other geographies

Veer Global Infraconstruction Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR)
	31-Mar-20	Mar-19	31-Mar-18
Total Assets	32,90,10,715	29,29,12,618	20,21,75,715
Total Revenue	8,62,58,286	10,07,51,911	2,33,30,284
Total Expense	8,36,95,613	9,89,65,462	2,24,41,857
Profit After Tax	17,59,827	12,86,905	4,73,828

Earnings per Equity Share (in INR)

Amount (in INR)
	Mar-20	31-Mar-19	31-Mar-18
Basic & Diluted	0.49	0.80	0.32

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

Their total income for Fiscal 2020 was Rs.862.58 Lakhs, a decrease in 15.09% over the total income of Rs.1,007.50 Lakhs in Fiscal 2019. Their company recorded a total income of Rs.1,007.52 Lakhs for Fiscal 2019 an increase in 331.86% over the total income of Rs.233.30 Lakhs in Fiscal 2018.

Veer Global IPO – Promoters

The Promoter of this company is:

MR. VIJAYBHAI VAGJIBHAI BHANSHALI,
MRS. ANITA BHANSHALI,
MR. VINOD MOHANLAL JAIN,
MR. MUKESH CHUNILAL JAIN,
MR. ABHISHEK MUKESH JAIN,
MR. PRIYANK CHANDRAKANT PARIKH.

List of Related Parties (Key Managerial Personnel)

Mr. Vijaybhai Vagjibhai Bhanshali, Managing Director and Promoter
Mr. Abhishek Mukesh Jain, Director and Chief Financial Officer
Ms. Deepali Chundawat, Company Secretary and Compliance Officer

Interest in promotion of the Company

Some of their directors are interested in their Company to the extent that they are promoted their Company, to the extent of his shareholding in their Company and the dividends payable, if any, and any other distributions in respect of the Equity Shares held by him.

Interests of Promoter in property of their Company

They do not own the registered office from which they operate. It is in the name of the Promoter Mr. Vijaybhai Vagjibhai Bhanshali. Their Promoter has permitted them to use as their Registered Office without consideration.

Except as stated above, Their Promoter does not have any interest in any property acquired by their Company within three years preceding the date of filing this Draft Prospectus or any property proposed to be acquired by their Company or in any transaction

Veer Global IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to 17,56,000 Equity Shares, aggregating up to Rs.[●] lakhs
Of which:
Market Maker Reservation Portion	Up to [●] Equity Shares, aggregating up to Rs.[●] lakhs
Net Issue	Up to [●] Equity Shares, aggregating up to Rs.[●] lakhs
Equity Shares outstanding prior to the Issue	Rs.484.17 Lakhs divided into 48,41,710 Equity Shares
Equity Shares outstanding after the Issue	Rs.[●] Lakhs divided into [●] Equity Shares

Veer Global Infraconstruction IPO Issue Object

The Issue includes a fresh Issue of up to 17,56,000 Equity Shares of their Company at an Issue Price of Rs.28
per Equity Share. They intend to utilize the issue proceeds to meet the following objects:

I. To Meet the Working Capital Expenses;
II. General corporate purpose and
III. To Meet the Issue Expenses

Veer Global Infraconstruction Limited: Competitive Strength

Focus on and experience in the low-income affordable housing segment
Location Advantage
Significant Experience of their Promoters

Veer Global Infraconstruction IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

Focus on and experience in the low-income affordable housing segment
Location Advantage
Significant Experience of their Promoters

Veer Global Infraconstruction IPO – Quantitative Factors

	Basic & Diluted EPS	RONW in %	NAV (Rs.)
31-Mar-18	0.32	1.05%	–
31-Mar-19	0.80	2.21%	–
*31-Mar-20	0.49	1.69%	21.98

Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each

Particulars	P/E ratio
Highest	–
Average	–
Lowest	–

Veer Global Infraconstruction Limited: Competitive Peers

	Face Value (Rs.)	P/E	EPS (Rs.)	Return on Net Worth (%)	NAV per share (Rs.)
Veer Global Infraconstruction Limited	10	[●]	0.49	1.58%	21.90
Listed Peers
Suratwwala Business Group Ltd	10	58.21	0.28	2.31	12.07
Kolte Patil Developers Ltd	10	16.48	10.47	10.07	104.03

Veer Global Infraconstruction IPO Lead Managers

Lead Managers

CAPITALSQUARE ADVISORS PRIVATE LIMITED
208, 2nd Floor, AARPEE Center, MIDC Road No 11,
CTS 70, Andheri (E ), Mumbai 400093 Maharashtra
Tel: +91-22-66849999/9874283532
Website: www.capitalsquare.in
Email / Investor Grievance Id: tanmoy.banerjee@capitalsquare.in mb@capitalsquare.in
Contact Person: Mr. Tanmoy Banerjee
SEBI Registration No: INM000012219

VGIL IPO Registrar to Offer

Registrar to the Offer

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Opp. Kasturba Hospital Lane,
Lower Parel (E) Mumbai – 400011, Maharashtra
Tel: 022 2301 2518 / 8261,
Email/ Investor Grievance E-mail: support@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri – Compliance Officer
SEBI Registration No: INR000001112

Veer Global IPO (VGIL IPO) – Other Details

Statutory Auditor – Bansilal Shah & Co. Chartered Accountants
Legal Counsel to the Company – M. V. Kini, Law Firm
Bankers to the Company – [●]

List of Upcoming IPOs

Veer Global Infraconstruction IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promoters Reputation
Angel Broking	7.5/10	7.4/10	8.5/10	8.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	8.6/10	8.1/10	7.2/10
Kotak Securities	7.3/10	7.5/10	8.4/10	8.1/10	7.3/10
ICICI Direct	7.3/10	7.3/10	8.7/10	8.1/10	7.1/10
IIFL	7.5/10	7.2/10	8.8/10	8.0/10	7.1/10
Edelweiss	7.5/10	7.4/10	8.4/10	8.3/10	7.2/10
Zerodha	7.4/10	7.1/10	8.5/10	8.1/10	7.0/10
5Paisa	7.1/10	7.1/10	8.4/10	8.1/10	7.1/10
Karvy	7.4/10	7.3/10	8.2/10	8.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	8.6/10	8.3/10	7.2/10