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

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 ValueRs 10
Price BandRs 28
Listing AtBSE SME
Min. Order Quantity4000
Listing Date NA
Offer for SaleRs Crores
Fresh IssueRs Crores
IPO SizeRs 4.92 Crores
Tick SizeNA

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 / DateQIBNIIRIITotal Subscription
1st Day – Sep 30
2nd Day – Oct 1
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-20Mar-1931-Mar-18
Total Assets32,90,10,71529,29,12,61820,21,75,715
Total Revenue8,62,58,28610,07,51,9112,33,30,284
Total Expense8,36,95,6139,89,65,4622,24,41,857
Profit After Tax17,59,82712,86,9054,73,828

Earnings per Equity Share (in INR)

Amount (in INR)
Mar-2031-Mar-1931-Mar-18
Basic & Diluted0.490.800.32

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 OfferedUp to 17,56,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Market Maker Reservation PortionUp to [●] Equity Shares, aggregating up to Rs.[●] lakhs
Net IssueUp to [●] Equity Shares, aggregating up to Rs.[●] lakhs
 Equity Shares outstanding prior to the IssueRs.484.17 Lakhs divided into 48,41,710 Equity Shares
 Equity Shares outstanding after the IssueRs.[●] 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 EPSRONW in %NAV (Rs.)
31-Mar-180.321.05%
31-Mar-190.802.21%
*31-Mar-200.491.69%21.98
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/E ratio
Highest
Average
Lowest

Veer Global Infraconstruction Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Veer Global Infraconstruction Limited10[●]0.491.58%21.90
Listed Peers
Suratwwala Business Group Ltd1058.210.282.3112.07
Kolte Patil Developers Ltd1016.4810.4710.07104.03

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 – [●]


Veer Global Infraconstruction IPO Review by Top 10 Stock Brokers

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Veer Global Infraconstruction IPO News

News 1Veer Global Infraconstruction IPO  [Download DRHP Prospectus]


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