Veeram Securities Ltd IPO

Closed

IPO Details

  • Open Date 23-Dec-16
  • Close Date 28-Dec-16
  • Lot Size 3000
  • IPO Size ₹ 5.12 Cr
  • IPO Price Range ₹ 45
  • Min Investment ₹ 135000
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Veeram Securities Ltd IPO

Contact Information

Shop No 2 Naroda Pride,
Nr Padmavati Society Naro-Nik,
Ahmedabad, Gujarat 382350

Veeram Securities Ltd IPO Lead Manager

Gretex Corporate Services Pvt Ltd

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