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Vera Synthetic IPO is a fixed price issue of Rs 5.34 crores.
Vera Synthetic IPO bidding started from March 28, 2018 and ended on April 4, 2018. The shares got listed on NSE SME on April 12, 2018.
Vera Synthetic IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Vera Synthetic IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Vera Synthetic IPO RHP for detailed information.
| IPO Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,335,000 shares (aggregating up to ₹5.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,600,000 |
| Share holding post issue | 4,935,000 |
| Market Maker portion | 69,000 shares |
Vera Synthetic IPO offers 1,404,000 shares. 633,000 (45.09%) to NII, 633,000 (45.09%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 69,000 (4.91%) |
| Other Shares Offered | 633,000 (45.09%) |
| Retail Shares Offered | 633,000 (45.09%) | Other Shares Offered | 69,000 (4.91%) |
| Total Shares Offered | 1,404,000 (100%) |
Investors can bid for a minimum of 3000 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 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2000, Gujarat based Vera Synthetic Limited is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. The company manufactures and market its products under its flagship brand "Sujlon". The products are primarily used in fishing sector and other allied use thereon.
At present Vera caters only to domestic markets. The company has dealers, traders and distributors spread across different regions of the Country. It sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan, etc.
The company's manufacturing facility is divided into two units namely Division I and Division II (situated at Mamsa, Gujarat).
As on January 31, 2018, the Company had 88 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 863.60 | 731.78 | 705.79 | 850.54 | 909.84 | |
| Total Revenue | 1,844.22 | 2,195.12 | 2,449.42 | 1,975.76 | 2,202.59 | |
| Profit After Tax | 34.43 | 27.40 | 4.78 | 32.86 | 18.00 | |
The objects of the Issue are:
1. Funding the working capital requirements of the Company
2. General corporate purposes.
[Dilip Davda]
Company has inconsistent performance and has made loss for first half of current fiscal. Issue pricing is exorbitant. There is no harm in giving this issue a miss.
Read detail review...The Vera Synthetic IPO is subscribed 3.49 times on April 4, 2018 5:00:00 PM. The public issue subscribed 3.70 times in the retail category, times in the QIB category, and 3.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.29 |
| Retail | 3.70 |
| Total | 3.49 |
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | VERA |
| ISIN | INE709Z01015 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹44.85 |
| ₹44.30 |
| ₹48.70 |
| ₹44.30 |
Vera Synthetic Limited
Office No. UL-27
Pattani Plaza, Devubag,
Dairy Road, Bhavnagar - 364002
Phone: 0278-2525434
Email: info@sujlonropes.com
Website: http://www.sujlonropes.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: verasynthetics.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Vera Synthetic IPO is a SME IPO of 1,335,000 equity shares of the face value of ₹10 aggregating up to ₹5.34 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 28, 2018, and closes on April 4, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Vera Synthetic IPO opens on March 28, 2018 and closes on April 4, 2018.
Vera Synthetic IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Vera Synthetic 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 Vera Synthetic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vera Synthetic IPO allotment status.
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