Veeram Infra IPO – Review, Allotment status, Subscription, GMP & DRHP

Veeram Infra being real estate business shall include development and sale of land, residential properties including identification and acquisition of land, development of land & infrastructure, acquisition of development rights of projects, marketing of projects/land. Veeram Infra IPO comprises of 21,06,000 Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the Veeram Infra IPO release date, IPO offer price, subscription, Veeram Infra IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


Veeram Infra IPO Review & Ratings

Veeram Infra IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Veeram Infra IPO

Veeram Infra IPOVeeram Infra  being real estate business shall include development and sale of land, residential properties including identification and acquisition of land, development of land & infrastructure, acquisition of development rights of projects, marketing of projects/land . Over the last 2-3 years, the company promoters have developed a focused and bigger vision in the real estate sector. In order to execute the same, the promoters have decided to diversify its business actitivies in the real estate sector. The Issue comprises of a Public Issue of 21,06,000 Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 34.33% and 100%, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.  1,146.98 Lakhs, Rs.3.95 Lakhs and Rs.  2.94 Lakhs, respectively representing growth of  34.33% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs.81.89 Lakhs, Rs.0.02 Lakhs and Rs. 0.01 Lakhs, respectively, representing a growth of  100% from the FY 2015-16 to FY 2016-17.

  • During the financial year 2017-18 the Other Income of our company increased to Rs. 134.52 Lakhs as against Rs. 0 Lakhs for the financial year 2016-17, representing increase by 134.5% due to increase in interest income & insurance claim in FY 2017- 18.
  • Company’s Net Profit after tax for the year 2017-18 is increased to Rs. 67.07  Lakhs from Rs. 0.02 Lakhs from the year 2016-17, showing remarkable performance.

The Promoter of this company is Mr. Satishkumar R. Gajjar and Mrs. Geetaben S. Gajjar. The lead manager to the issue is First Overseas Capital Limited and the Registrar to this issue is Karvy Computer Share Private Limited .


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    Veeram Infra IPO Date

    The opening and the closing date of IPO of Veeram Infra is 28 Sept 2018 – 8 Oct 2018.


    Veeram Infra IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    Day 1 :28 Sept 2018
    Day 2 : 1 Oct 2018
    Day 3 : 3 Oct 2018
    Day 4 : 4 Oct 2018
    Shares Offered or Net Issue

     


    Veeram Infra IPO Allotment Status

    Here, you can check the Allotment Status of Veeram Infra IPO.


    Veeram Infra IPO Price Band

    The price band of each share is Rs 51 (cash price).


    Veeram Infra IPO Equity Share Offering

    21,06,000 Equity Shares of Rs 10/- each, the Issue Price is Rs 51 aggregating to Rs. 1,074.06 Lakhs.


    Veeram Infra – Company Overview

    Veeram Infra is being real estate business shall include development and sale of land, residential properties including identification and acquisition of land, development of land & infrastructure, acquisition of development rights of projects, marketing of projects/land . Over the last 2-3 years, the company promoters have a developed a focused and bigger vision in the real estate sector. In order to execute the same, the promoters have decided to diversify its business actitivies in the real estate sector. 

    The Company is in the process of building a quality and innovation focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs in the printing and trading business.

    The Company is promoted by Mr. Satishkumar R. Gajjar and Mrs. Geetaben S. Gajjar and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of Veeram Infra :

    • Experience of the Promoter
    • Development of projects through Joint Development model

    Business strategies of Veeram Infra :

    • Development of projects through Joint Development model
    • Focus on Performance and Project Execution

    Veeram Infra – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets935.06   25.9925.57 24.6624.16
    Total Revenue1,281.503.952.943.88 3.55
    Total Expense1,199.61  3.93 3.87 3.873.53
    Profit After Tax67.07 0.020.01 0.01 0.02

    Earnings per Equity Share (in Lakhs)

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted2.8800

    From the above statements, one could find that the Veeram Infra may perform well.


    Veeram Infra IPO – Promoters

    The Promoter of this company are:

    1. Mr. Satishkumar R. Gajjar 
    2. Mrs. Geetaben S. Gajjar

    List of Related Parties (Key Managerial Personnel)

    • Mr. Dhaval S. Gajjar
    • Mr. Satishkumar R. Gajjar 
    • Mrs. Geetaben S. Gajjar

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Veeram Infra IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered 21,06,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share aggregating Rs. 10,74,06,000/-
     Of which:
     Reserved for Market Makers 1,10,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company
    for cash at price of Rs. 51/- per Equity Share aggregating Rs. 56,10,000/-.
     Net Issue to the Public  19,96,000Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share aggregating Rs. 10,17,96,000/-
     Of which:
     Retail Investors Portion 9,98,000Equity Shares of face value of Rs. 10/- each fully paid of the Company
    for cash at price of Rs. 51/- per Equity Share aggregating Rs. 5,08,98,000/-.
     Non-Retail Investors Portion9,98,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share aggregating Rs. 5,08,98000/-.
     Equity Shares outstanding prior to the Issue58,50,852 Equity Shares
     Equity Shares outstanding after the Issue79,56,852 Equity Shares

    Veeram Infra IPO Issue Object

    These are the IPO Issue Objects of the company

    • To meet working capital requirement;
    •  To meet the expenses of the Issue

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    Veeram Infra IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    •  Experience of the Promoter
    •  Development of projects through Joint Development model
    •  Develop and maintain strong relationships with strategic partners
    •  Focus on Performance and Project Execution

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-162.8810.2828
    31-Mar-1700.2315.08
    31-Mar-1800.1251

     


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    Veeram Infra IPO Lead Managers

    Lead Managers
    FIRST OVERSEAS CAPITAL LIMITED
    1-2 Bhupen Chambers, Ground Floor, Dalal Street,
    Mumbai-400 001
    Tel. No.: +91 22 22702067/68
    Fax No.: N.A.
    Email: rushabh@focl.in/ satish@focl.in / mala@focl.in
    Investor Grievance Email: investorcomplaints@focl.in
    Website: www.focl.in
    Contact Person: Mr. Rushabh Shroff/ Mr. Satish Sheth/ Ms. Mala Soneji
    SEBI Registration No.: INM000003671

    Veeram Infra IPO Registrar to offer

    Registrar to the Offer
    KARVY COMPUTERSHARE PRIVATE LIMITED
    Karvy Selenium Tower B, Plot 31-32, Gachibowli,
    Financial District, Nanakramguda, Hyderabad 500 032 India
    Tel. No.: 1-800-3454001/ +91 40 6716 2222
    Fax No.: +91 40 2343 1551
    E-mail: einward.ris@karvy.com
    Investor Grievance Email: veeraminfra.ipo@karvy.com
    Website: www.karisma.karvy.com
    Contact Person: Mr. M Murali Krishna
    SEBI Registration No.: INR000000221

    Other Details:

    • Statutory Auditor –  M/s. Bhagat & Co., Chartered Accountants
    • Peer Review Auditor – M/s. Bhagat & Co., Chartered Accountants
    • Bankers to the Issue – HDFC Bank Limited

    Veeram Infra IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    Veeram Infra IPO Grey Market Premium

    The Veeram Infra IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X


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      Veeram Infra IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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