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IPO Details


Veeram Securities Ltd
Registered Office: Shop No 2 Naroda Pride, Nr Padmavati Society Naro-Nik, Ahmedabad - 382350, Gujarat
Phone:
Email: compliancingveeram@gmail.com
Website: www.veeramsecuritiesltd.com
Public issue of uoto 11,37,000 equity shares of Rs. 10/- each (Equity Shares) of Veeram Ornaments Limited (VOL or The Company or The Issuer) for cash at a price of Rs. 45 per share (including share premium of Rs. 35.00 per equity share)(The Issue Price), aggregating to Rs. 5.12 crores (The Issue) of which upto 57,000 equity shares of face value of Rs. 10 each for a cash price of Rs. 45.00 per equity share, aggregating to Rs. 0.26 crores will be reserved for subscription by market makers to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 10,80,000 equity shares of face value of Rs. 10 each at issue price of Rs. 45.00 per equity share aggregating to Rs. 4.86 crores (Net Issue). The issue and the net issue will constitute 26.38% and 25.06%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and The issue price is 4.5 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Dec-2016 28-Dec-2016 45.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
()Cr. Lead Managers to the Issue
Project Cost 5.12 Gretex Corporate Services Pvt Ltd
Project Financed through Current Offer 5.12
Post Issue Equity Share Capital 4.31
Issue Price 45.00
Projects
To meet additional working capital requirements
Promoted By
Rakshit Mahendra Shah
Pinal Rakshit Shah
Listing At
BSE - SME
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

GLOBAL INDICES

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NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

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