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20 February 2017

IPO Synopsis

Veeram Ornaments Ltd
Registered Office: Shop No 2 Naroda Pride,Nr Padmavati Society , Ahmedabad - 382350 , Gujarat , India.
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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.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Dec-16 28-Dec-16 (Rs)45.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 5.12
Gretex Corporate Services Pvt Ltd
Project Financed through Current Offer 5.12  
Post Issue Equity Share Capital 4.31  
Issue Price (Rs)45.00  
To meet additional working capital requirements
Promoted By
Rakshit Mahendra Shah  
Pinal Rakshit Shah  
Listing At
Registrar to the Issue
Karvy Computershare Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501