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SME IPO Status: Listed [5th Aug 2022 to 11th Aug 2022]
Veekayem Fashion and Apparels SME IPO of Rs 4.40 Cr through fresh issue of 1,584,000 shares opens for subscription from 5 Aug to 11 August 2022. The face value is Rs. 10 per share, and the IPO price is fixed at Rs. 28 per share. One can apply for the IPO lot size of 4,000 shares and its multiples. Stay tuned with us to get the complete information about Veekayem Fashion and Apparels SME IPO Details 2022 including issue details, tentative timeline, financials, pros, cons, grey market premium (GMP), allotment, and subscription.
| SME IPO Issue Opening Date: | 5th Aug 2022 |
| SME IPO Issue Closing Date: | 11th Aug 2022 |
| SME IPO Issue Price: | ₹28 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50 |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹4.44 Cr |
| Fresh Issue: | ₹4.44 Cr |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 54.31% |
| Promoter Holding Post IPO: | 39.67% |
| Allotment Status: | Allotment Status |
| NSE Code: | VEEKAYEM |
Get important updates regarding Veekayem Fashion and Apparels SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 17th Aug 2022 |
| Refunds Initiation* | 18th Aug 2022 |
| Credit of Shares to Demat* | 19th Aug 2022 |
| SME IPO Listing Date* | 22nd Aug 2022 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹28 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹112000 |
| Min HNI Lots: | 8000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-08-2022 | 28 | 0 | 65000 | ₹28 (58.04%) | 22-Aug-2022 10:21 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Veekayem Fashion and Apparels is engaged in the business of garment manufacturing and weaving. It primarily deals in two product categories; Textile and garments. In the textile segment, it manufactures cloths through the weaving process, and in the garments segment, it manufactures readymade garments for men and women. The brand deals in various product ranges including Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers, and other accessories, etc. It has a huge product portfolio of 100% cotton - Lycra and non-Lycra, Supima, Giza, Blended cotton, Polyester cotton, Mock Linen, etc.
Its manufacturing facility is situated in Valsad, Gujarat with an installed capacity of 500,000 meters of fabrics and 50,000 readymade garments per month.
| Incorporation | Sector | IPO Issue Size | Website |
| 1985 | Apparel | ₹4.44 Cr | http://www.vkmgroups.com/ |
The net proceeds from the IPO are to be utilized for the following purposes;
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 752,000 (50%) | 752,000 (50%) | 1,504,000 | |
| 1 | 5th Aug 2022 17:02 | 0.17x | 2.36x | 1.26x |
| 2 | 8th Aug 2022 17:02 | 1.72x | 34.68x | 18.20x |
| 3 | 10th Aug 2022 17:02 | 46.38x | 113.31x | 79.84x |
| 4 | 11th Aug 2022 17:02 | 355.85x | 247.09x | 301.47x |
| Veekayem Fashion and Apparels SME IPO Financials (₹ in Lakhs) | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|---|
| Total Assets | ₹13267.19 | ₹12351.95 | ₹12090.4 |
| Total Income | ₹14947.02 | ₹7670.06 | ₹21571.46 |
| Net Profit/Loss | ₹188.54 | ₹35.25 | ₹109.1 |
Last Updated on 24-Nov-2022 11:02:55
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Veekayem Fashion and Apparels SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Veekayem Fashion and Apparels SME IPO with Zerodha.
Alternate approch to apply in Veekayem Fashion and Apparels SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Veekayem Fashion and Apparels SME IPO Review and Important Updates
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To subscribe or apply in Veekayem Fashion and Apparels SME IPO, you can use the following methods:
| Veekayem Fashion and Apparels SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Veekayem Fashion and Apparels SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Veekayem Fashion and Apparels SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Veekayem Fashion and Apparels SME IPO. Most of the Syndicate Banks provide access to apply in Veekayem Fashion and Apparels IPO via ASBA process. You must have your net banking access, DP ID information to apply in Veekayem Fashion and Apparels SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Veekayem Fashion and Apparels SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Veekayem Fashion and Apparels SME IPO Review and Important Updates
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Veekayem Fashion and Apparels SME IPO is going to be list on 22-08-2022. NSE Code for Veekayem Fashion and Apparels is VEEKAYEM.
Other relevant questions:
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Veekayem Fashion and Apparels SME IPO Allotment Date is 17-08-2022.
Other relevant questions:
Veekayem Fashion and Apparels SME IPO share allotment date?Veekayem Fashion and Apparels SME IPO allotment date?
