Veeram Infra Engineering Limited IPO
Veeram Infra Engineering Limited is engaged in the business of real estate and ancillary activities.
Date of incorporation: The company was initially incorporated as ‘Vivid Offset Printers Private Limited’ on 4th March 1994 in Ahmedabad. Eventually, it was reformed to public limited company renamed to ‘Veeram Infra Engineering Limited’ (VIEL) on 29th January 2018.
Promoters of Veeram Infra Engineering Limited: Mr Satishkumar R. Gajjar and Mrs Geetaben S. Gajjar are the promoters of Veeram Infra Engineering Limited.
Products and Services Offering: The company offers diversified products and services including:
- Digital Printing.
- General Mercantile consisting of season goods trading.
- Real Estate sector including development and selling of land, residential properties and infrastructure.
Customer Segments: The company carters wide customers segments across Gujarat.
Objects of Veeram Infra Engineering Limited IPO: The core objectives of Veeram infra Engineering Limited IPO are-
- To Finance Working Capital Requirements.
- To Meet Issue related Expenses.
Company Financials:
Summary of Financial Information (Restated) | |||||
Particulars | For the year/period ended (in Rs. 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 |
Profit After Tax | 67.07 | 0.02 | 0.01 | 0.01 | 0.02 |
Issue Detail
- Issue Open: Sep 28, 2018
- Issue Close: Oct 12, 2018
- Issue Type: Fixed Price Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 51 Per Equity Share
- Bid Lot:2000 Shares
- Minimum Order Quantity:2000 Shares
- Listing At: BSE SME
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Issue Size:
Rs 10.74 Cr
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