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.


Veeram Infra IPO Review & Ratings

Veeram Infra IPO Ratings & Review
Criteria Ratings
Industry Sentiments  6.3/10
Industry Ranking  6.3/10
Company Background 6.1/10
Company Reputation 6.4/10
Competitive Edge 6.4/10
Financial Statements 6.5/10
Popularity Index 6.2/10
Promoters Reputation 6.3/10
Retail Appetite  6.2/10
Top Brokers Review 6.3/10
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 / Date QIB NII RII Total 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-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
Total Expense 1,199.61  3.93 3.87 3.87 3.53
Profit After Tax 67.07  0.02 0.01 0.01 0.02

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 2.88 0 0

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 Portion 9,98,000 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 Issue 58,50,852 Equity Shares
 Equity Shares outstanding after the Issue 79,56,852 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 EPS RONW (%) NAV (Rs.)
31-Mar-16 2.88 10.28 28
31-Mar-17 0 0.23 15.08
31-Mar-18 0 0.12 51

 


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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: / /
Investor Grievance Email:
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:
Investor Grievance Email:
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 Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 6.5/10 6.6/10 6.6/10 6.4/10 6.4/10
Sharekhan 6.7/10 6.4/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.7/10 6.7/10 6.7/10 6.4/10 6.3/10
ICICI Direct 6.6/10 6.3/10 6.7/10 6.5/10 6.5/10
IIFL 6.4/10 6.7/10 6.8/10 6.4/10 6.7/10
Edelweiss 6.7/10 6.4/10 6.4/10 6.3/10 6.7/10
Zerodha 6.5/10 6.4/10 6.7/10 6.4/10 6.5/10
5Paisa 6.7/10 6.4/10 6.3/10 6.7/10 6.5/10
Karvy 6.8/10 6.3/10 6.7/10 6.4/10 6.0/10
Motilal Oswal 6.6/10 6.4/10 6.6/10 6.6/10 6.4/10

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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