About the Company:
Veeram Infra Engineering Ltd is engaged in the business of selling real Estate plots (sale of land), residential properties and also has printing business.
In the Printing business Company in offering multi-colour offset printing services, single colour offset printing services, commercial printing services for calendars, catalogs, brochures, posters, annual reports manuals, etc.
Company traded in different general goods & variety of products as per season like pulses, garments and metals etc and other such profitable product segments.
Over the last 2-3 years, promoters have a developed a focused and bigger vision in the real estate sector. In order to execute the same, the promoters have decided to diversify its business actitivies in the real estate sector.
With this mission in their mind, the promoter have made the necessary changes in the Company`s MoA wherein 70% company`s revenues from now on shall be earned through its real estate business and the remaining from its ancillary business.
Development of Plots:
Company has entered in to a land development agreement for Land Development and Plotting Project at Village Zamp, Taluka Sanand, District Ahmedabad, Gujarat.
We are in the process of land development and plotting of the above land admeasuring approximately 7.34 hectares and will will be doing the levelling and land filling work and will also do plotting and boundary work to sell these plots in different sizes as per the customer requirements.
Management Team:
- Mr. Satishkumar R. Gajjar (Designation: Managing Director)
- Mrs. Geetaben S. Gajjar (Designation:Whole-Time Director)
- Mr. Dhaval S. Gajjar (Designation: Professional Non-Executive Director)
Objectives of the Issue:
- To meet working capital requirement; and
- To meet the expenses of the Issue
Peer Group Comparison:
Company is currently engaged in the business of printing, trading of general merchandises and real estate. Currently, there are no listed comparable entities which are focused exclusively in these segments in which Veeram Infra Engineering Ltd operates. Hence we cannot make any comparison.
Financials of the Company: (in Lakhs)
| (in Lakhs) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 3.55 | 3.88 | 2.94 | 3.95 | 1281.5 |
| Net Profit | 0.02 | 0.01 | 0.01 | 0.02 | 67.07 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th September 2018 |
| Issue Closes on:. | 8th October 2018 |
| Issue Price | Rs.51 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 Shares |
| Minimum Investment | Rs.1,02,000 |
| Issue Constitutes | 26.47% |
| Issue Size | Rs.10.74 cr |
| Market Cap | Rs.40.57 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 21,06,000 |
| Equity Shares Prior to the Issue | 58,50,852 |
| Equity Shares after the Issue | 79,56,852 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.88 | 17.71 | 10.28% | 28 |
| Check IPO Allotment Status: |
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Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
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| Veeram Infra Engineering Ltd Basement Medicare Centre, Behind M. J. Library, Opp. Stock Exchange Ellisbridge, Ahmedabad – 380006, Gujarat, India Tel No. : +91 79 4892 1375 Email Id: complianceviel@gmail.com Website: www.veeraminfra.com |
| IPO Registrar Info: |
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| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 India Tel. No.: 1-800-3454001/ +91 40 6716 2222 Fax No.: +91 40 2343 1551 Investor Grievance Email: veeraminfra.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
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| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001 Tel. No.: +91 22 22702067/68 Investor Email: investorcomplaints@focl.in Website: www.focl.in |
