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Veer Global Infraconstruction IPO is a fixed price issue of Rs 4.92 crores.
Veer Global Infraconstruction IPO bidding started from September 30, 2020 and ended on October 9, 2020. The allotment for Veer Global Infraconstruction IPO was finalized on Wednesday, October 14, 2020. The shares got listed on BSE SME on October 19, 2020.
Veer Global Infraconstruction IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
Capitalsquare Advisors Private Limited is the book running lead manager of the Veer Global Infraconstruction IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Veer Global Infraconstruction IPO DRHP for detailed information.
| IPO Date | September 30, 2020 to October 9, 2020 |
| Listing Date | October 19, 2020 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,756,000 shares (aggregating up to ₹4.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,841,710 |
| Share holding post issue | 6,597,710 |
Veer Global Infraconstruction IPO offers 1,756,000 shares. 878,000 (50.00%) to NII, 878,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 878,000 (50.00%) | |
| Retail Shares Offered | 878,000 (50.00%) | |
| Total Shares Offered | 1,756,000 (100%) |
Veer Global Infraconstruction IPO opens on September 30, 2020, and closes on October 9, 2020.
| IPO Open Date | Wednesday, September 30, 2020 |
| IPO Close Date | Friday, October 9, 2020 |
| Basis of Allotment | Wednesday, October 14, 2020 |
| Initiation of Refunds | Thursday, October 15, 2020 |
| Credit of Shares to Demat | Friday, October 16, 2020 |
| Listing Date | Monday, October 19, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 9, 2020 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| Lot Size Calculator | |||
Mr. Vijaybhai Vagjibhai Bhanshali, Mrs. Anita Bhanshali, Mr. Vinod Mohanlal Jain, Mr. Mukesh Chunilal Jain, Mr. Abhishek Mukesh Jain, and Mr. Priyank Chandrakant Parikh are the company promoters.
| Share Holding Pre Issue | 85.40% |
| Share Holding Post Issue |
Incorporated in 2012, Veer Global Infraconstruction Limited is a real-estate developer company that primarily engaged in developing residential projects in the affordable housing segment. It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships. Its core business activities include location identification, acquisition, project planning, designing and development and sales & marketing.
VGIL positioned as "Creation and not Construction" has landmark development across Mumbai, Vasai, Virar, Umroli, Boisar & Shahada. Till Sep 2020, it has completed 5 residential projects and Veer-11, Parasnath Township Bldg No. 2, Veer Splendor - Phase II, Veer-10, Veer-4, and D-wing Veer-2 are currently ongoing projects.
Competitive Strengths
Focus on low-income affordable housing segment.
Strategic location advantages in the District of Palghar.
Experienced team of promoters and managers.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,290.11 | 2,929.13 | 2,021.76 | |
| Total Revenue | 862.58 | 1,007.52 | 233.30 | |
| Profit After Tax | 17.60 | 12.87 | 4.74 | |
The net proceed from the IPO will be used towards following purposes;
To meet the working capital requirements.
To meet general corporate purposes.
To meet issue related expenditures.
[Dilip Davda] VGIL has posted average performance with the inconsistent top line. Based on P/E parameters, the issue is exorbitantly priced. This segment is currently witnessing subdued demand and slowdown due to COVID-19 pandemic. There is no harm in giving this IPO a "MISS". Read detail review...
The Veer Global Infraconstruction IPO is subscribed 1.51 times on October 9, 2020 6:50:01 PM. The public issue subscribed 1.18 times in the retail category, times in the QIB category, and 1.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.84 |
| Retail | 1.18 |
| Total | 1.51 |
| Listing Date | October 19, 2020 |
| BSE Script Code | 543241 |
| NSE Symbol | |
| ISIN | INE244W01010 |
| Final Issue Price | ₹28 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹28.00 |
| ₹31.00 |
| ₹29.45 |
| ₹31.00 |
| ₹29.50 |
Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 Feet Road, Behind Union Bank, Nalasopara (E)
Thane-401 209
Phone: +91 8484817311
Email: mail@veergloballtd.com
Website: http://www.veergloballtd.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
SME Company Owners
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Check our SME IPO Guide 
Veer Global Infraconstruction IPO is a SME IPO of 1,756,000 equity shares of the face value of ₹10 aggregating up to ₹4.92 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 30, 2020, and closes on October 9, 2020.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Veer Global Infraconstruction IPO using UPI as a payment gateway. Zerodha customers can apply in Veer Global Infraconstruction IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veer Global Infraconstruction IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veer Global Infraconstruction IPO opens on September 30, 2020 and closes on October 9, 2020.
Veer Global Infraconstruction IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
You can apply in Veer Global Infraconstruction IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Veer Global Infraconstruction IPO will be done on Wednesday, October 14, 2020, and the allotted shares will be credited to your demat account by Friday, October 16, 2020. Check the Veer Global Infraconstruction IPO allotment status.
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DRHP
IPO Guru (2200+ Posts, 1100+ Likes)
Dear Management Team
Thank you for giving us such a long period for the IPO subscription, in view of all these circumstances. thrilled to have your support.