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:
- Mr. Vijaybhai Vagjibhai Bhanshali (Designation: Managing Director)
- 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: mail@veergloballtd.com Website: www.veergloballtd.com |
| IPO Registrar Info: |
|---|
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 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: support@purvashare.com Website: www.purvashare.com |
| Lead Manager to the Issue: |
|---|
| CAPITALSQUARE ADVISORS PRIVATE LIMITED 208, 2nd Floor, AARPEE Center, MIDC Road No 11, CTS 70, Andheri (E ), Mumbai 400093 Maharashtra Tel: +91-22-66849999/9874283532 Investor Grievance Id: mb@capitalsquare.in Website: www.capitalsquare.in |
