Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO
BSE SMEOffer Date: Sep 28, 2018 - Oct 12, 2018
₹ 102000 /2000 Shares
28 Sep, 2018
Open Date12 Oct, 2018
Close Date19 Oct, 2018
Allotment Date23 Oct, 2018
Listing DateIssue Price
Rs 51/- Per Equity ShareFace Value
Rs 10/- Per Equity ShareListing at Group
BSE SMERegistrar
Karvy Computershare Private LimitedMarket Lot
2000 Shares (Rs 1,02,000/-)Lead Manager
First Overseas Capital LimitedIssue Size
Fresh issue of 21,06,000 Equity Shares of Rs 10/- at a price of Rs 51/- per share aggregating to Rs 10.74 CrRetail Portion
N/ASubscription
23,66,000 1.19 timesIPO Docs
No related IPO documents available.
IPO Details
Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO is an SME IPO, priced at Rs 51/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Sep 28, 2018 to Oct 12, 2018. The allotment is expected to be finalized on Oct 19, 2018, and the tentative listing date is Oct 23, 2018.
First Overseas Capital Limited is acting as the lead manager to the issue. The registrar of the IPO is Karvy Computershare Private Limited, and
IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 9,98,000 | 9,98,000 | 19,96,000 |
| Day 1 - 28-09-18 | 26,000 0.03 x | 0.0 x | 26,000 0.01 x |
| Day 2 - 01-10-18 | 1,36,000 0.14 x | 0.0 x | 1,36,000 0.07 x |
| Day 3 - 03-10-18 | 1,36,000 0.14 x | 0.0 x | 1,36,000 0.07 x |
| Day 4 - 04-10-18 | 1,36,000 0.14 x | 2,000 0.0 x | 1,38,000 0.07 x |
| Day 5 - 05-10-18 | 1,36,000 0.14 x | 2,000 0.0 x | 1,38,000 0.07 x |
| Day 6 - 08-10-18 | 1,36,000 0.14 x | 4,000 0.0 x | 1,40,000 0.07 x |
| Day 7 - 09-10-18 | 1,36,000 0.14 x | 6,000 0.1 x | 1,42,000 0.07 x |
| Day 8 - 10-10-18 | 1,36,000 0.14 x | 8,000 0.1 x | 1,44,000 0.07 x |
| Day 9 - 11-10-18 | 3,36,000 0.34 x | 2,24,000 0.22 x | 5,60,000 0.28 x |
| Day 10 - 12-10-18 | 16,20,000 1.62 x | 7,46,000 0.75 x | 23,66,000 1.19 x |
Valuations
Earnings Per Share (EPS)
Rs 0.84/-P/E Ratio
60.50RoNW
10.28%Net Asset Value (NAV as on 31.03.18)
Rs 15.08/-Company Financials All values are in ₹ Cr.
- Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Salebhai Internet Limited | 5.56 | NA | - (172.01)% | 0.46 |
| Infibeam Incorporation Limited | 4.25 | 129.69 | 3.27% | 836.72 |
- Promoter(s)
- Mr. Satishkumar R. Gajjar
- Mrs. Geetaben S. Gajjar
IPO - Issue Objectives
- Working Capital Requirements. ( Rs 10.49 Cr )
- Issue Expenses. ( Rs 0.25 Cr )
IPO - FAQs
Ans. Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO is a SME IPO. The issue is priced at Rs 51/- Per Equity Share . The minimum order quantity is 2000 Shares. The IPO opens on Sep 28, 2018, and closes on Oct 12, 2018. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO opens on Sep 28, 2018 and closes on Oct 12, 2018.
Ans. The size of Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO is Fresh issue of 21,06,000 Equity Shares of Rs 10/- at a price of Rs 51/- per share aggregating to Rs 10.74 Cr.
Ans. The IPO price band is set between Rs 51/- Per Equity Share .
Ans. To apply for Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO is Oct 19, 2018.
Ans. The Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO will be listed on Oct 23, 2018.
Ans. Follow the steps to check the allotment status for Veeram Infra Engineering Limited (Vivid Mercantile Ltd) IPO here.
