Vivid Mercantile Ltd IPO


IPO Subscription Details

  • Open Date 28 Sep
  • Close Date 12 Oct
  • Lot Size 2000
  • IPO Size ₹ 10.74 Cr
  • IPO Price Range ₹ 51
  • Min Investment ₹ 102000

IPO Synopsis

Public issue of 21,06,000 equity shares of face value of Rs.10/- each (equity shares) of Veeram Infra Engineering limited ( the company or the issuer) for cash at a price Rs.51/- per equity share (including a share premium of Rs. 41/- per equity share) (issue price) aggregating to Rs.10.74 Crores(the issue), of which 1,10,000 equity shares of face value of Rs.10/- each for a cash price of Rs.51/- per equity share, aggregating to Rs 0.56 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 19,96,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 51 per equity share aggregating to Rs. 10.18 Crores (is here in after referred to as the net issue). The issue and the net issue will constitute 26.47% and 25.09%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 51/- i.e. 5.1 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 Vivid Mercantile Ltd IPO

Contact Information


Basement Medicare Centre,
Behind M J Library Ellisbridge,
Ahmedabad, Gujarat 380006

Vivid Mercantile Ltd IPO Lead Manager

First Overseas Capital Ltd