Veeram Securities Ltd IPO

Closed

Subscription Details

  • Open Date 23 Dec
  • Close Date 28 Dec
  • Lot Size 3000
  • IPO Size ₹ 5.12 Cr
  • IPO Price Range ₹ 45
  • Min Investment ₹ 135000

Veeram Securities Ltd IPO Timeline

Open Date
23 Dec
Close Date
28 Dec
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

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 an 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

Address

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

Veeram Securities Ltd IPO Lead Manager

Gretex Corporate Services Pvt Ltd
Open Demat Account