Veer Global Infraconstruction Limited IPO

Veer Global Infraconstruction Limited IPO is a BSE SME IPO, which is open for all investors from 30th October 2020, Wednesday to 9th October 2020, Friday. Promoters are offering 1,756,000 equity shares to public through this issue which is worth of Rs 4.92 Crores. For other IPO details on Veer Global Infraconstruction Limited IPO, scroll below

IPO Details

Grey Market Premium of Veer Global Infraconstruction Limited IPO

GMP of Veer Global Infraconstruction Limited IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Company Background

Veer Global Infraconstruction Limited is a Thane based real-estate developer company, with an annual revenue of Rupees 862.58 lakhs.

  • Engaged in developing residential projects in the affordable housing segment
  • Till Sep 2020, it has completed 5 residential projects
  • Focus on low-income affordable housing segment.
  • Company has 11 employees to take care of its working
  • Holds one trademark in its name

Date of Incorporation

Veer Global Infraconstruction Limited was incorporated as “‘Veer Global Infraconstruction Limited” on 11th January 2012 with a Corporate Identification Number, U45309MH2012PLC225939

Promoters of Veer Global Infraconstruction Limited IPO

Mr. Vijaybhai Vagjibhai Bhanshali, Mrs. Anita Bhanshali, Mr. Vinod Mohanlal Jain, Mr. Mukesh Chunilal Jain, Mr. Abhishek Mukesh Jain, and Mr. Priyank Chandrakant Parikh are the company promoters.

Product & Services Offered

Veer Global Infraconstruction Limited offers following products & services to its clients:-

  • It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships

Clientele base of the company

Company caters the needs of Mumbai, Vasai, Virar, Umroli, Boisar & Shahada

Purpose of this IPO

Purpose of the issue:

  • To meet the working capital requirements.
  • To meet the working capital requirements.
  • To meet issue related expenditures

Veer Global Infraconstruction Limited IPO Issue Details

Issue Details
Issue Open 30th Sept 2020, Wednesday Issue Close 9th Oct 2020, Friday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹28 per equity share Bid Lot & Minimum order quantity 4000 Shares
Issue Size ₹4.92 Cr Listing at NSE SME

IPO Timeline

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Company Financials

For the year/period ended (₹ in Lacs)
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets 3,290.11 2,929.13 2,021.76
Total Revenue 862.58 1,007.52 233.3
Profit After Tax 17.6 12.87 4.74

Ratings & Reviews of Veer Global Infraconstruction Limited IPO

As per experts one could avoid the IPO

  • Inconsistent top line
  • Highly priced

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Veer Global Infraconstruction Limited IPO

IPO Lead Managers

CapitalSquare Advisors Pvt. Ltd. is managing the IPO

Address of Veer Global Infraconstruction Limited

Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 Feet Road, Behind Union Bank, Nalasopara (E)
Thane-401 209

Phone: +91 8484817311

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