Veeram Infra Engineering Limited IPO

Add to Calendar 2018-09-28 12:00 AM 2018-10-12 12:00 AM Asia/Kolkata Veeram Infra Engineering Limited IPO Veeram Infra Engineering Limited India

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)


For the year/period ended (in Rs. Lakhs)






Total Assets






Total Revenue






Profit After Tax






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
  • Issue Size: • Rs 10.74 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 998,000 998,000 - - 1,996,000
Day 1 - Sep 10, 2018IST - 0.14x 0.01x - - 0.07x
Day 2 - Sep 28, 2018IST - 0.03x 0.00x - - 0.01x
Day 3 - Oct 01, 2018IST - 0.14x 0.00x - - 0.07x
Day 4 - Oct 03, 2018IST - 0.14x 0.00x - - 0.07x
Day 5 - Oct 04, 2018IST - 0.14x 0.00x - - 0.07x
Day 6 - Oct 05, 2018IST - 0.14x 0.00x - - 0.07x
Day 7 - Oct 08, 2018IST - 0.14x 0.00x - - 0.07x
Day 8 - Oct 10, 2018IST - 0.14x 0.01x - - 0.07x
Day 9 - Oct 11, 2018IST - 0.34x 0.22x - - 0.28x
Day 10 - Oct 12, 2018IST - 1.62x 0.75x - - 1.19x

Listing Day Trading Information

Issue Price Rs 51.00 -
Open Rs 53.00 -
Low Rs 48.75 -
High Rs 51.25 -
Last Trade Rs 51.25 -
Volume 524,000 -

Veeram Infra Engineering Limited Red Herring Prospectus

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