Veer Global Infraconstruction Ltd

About the Company:

Veer Global Infraconstruction Ltd is a real estate developer, primarily focusing on development of residential projects in Vasai- Virar and Palghar district.

Company has over 9 years of experience in, developing residential projects in the low-income affordable housing segment.

Company focus is on residential projects, which include residential building in townships, redevelopments, etc. mainly in affordable segments. Till date Company has completed 5 residential projects and currently have seven ongoing projects.

Company has established reasonable brand image and have a proven track record of execution of real estate projects.

Company is experienced in various aspects of the real estate development business, including identification and selection of location, development, design, project management and sales and marketing.


Geographic Presence:

Company’s real estate development projects comprise a range of residential projects including residential areas in townships, redevelopment of residential projects in NalaSopara, Umroli (Palghar) and Boisar.


Ongoing Projects by the Company: 



Management Team:

  1. Mr. Vijaybhai Vagjibhai Bhanshali (Designation: Managing Director)
  2. Mr. Vinod Mohanlal Jain (Designation: Non-Executive Director)




Objectives of the Issue:

  • To Meet the Working Capital Expenses.
  • General corporate purpose.
  • To Meet the Issue Expenses.



Financials of the Company:

(in Crores) FY 18 FY 19 FY 20
Revenue 2.33 10.07 8.62
Net Profit 0.047 0.12 0.17



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Veer Global Infraconstruction Ltd 10 0.46 60.86 1.58% 21.89
Suratwwala Business Group Ltd 10 0.28 58.21 2.31% 12.07


IPO Details:

Details Info
Issue Opens on 30th September 2020
Issue Closes on:. 9th October 2020
Issue Price Rs.28
Face Value Rs.10
Minimum Lot 4000 Shares
Minimum Investment Rs.1,12,000
Issue Constitutes 26.61%
Issue Size Rs.4.91 cr
Market Cap Rs.18.47 cr
Listing at BSE SME
Equity Shares Offered (fresh) 17,56,000
Equity Shares Prior to the Issue 48,41,710
Equity Shares after the Issue 65,97,710


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.46 60.86 1.58% 21.89



Company Contact Info:
Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100Ft Rd Behind Union Bank,
Nalasopara (E), Thane-401 209,
Maharashtra India
Telephone: +91 8484817311,
Email id:



IPO Registrar Info:
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Opp. Kasturba Hospital Lane,
Lower Parel (E) Mumbai – 400011, Maharashtra
Tel: 022 2301 2518 / 8261,
Investor Grievance E-mail:


Lead Manager to the Issue:
208, 2nd Floor, AARPEE Center, MIDC Road No 11,
CTS 70, Andheri (E ), Mumbai 400093 Maharashtra
Tel: +91-22-66849999/9874283532
Investor Grievance Id: