Veer Global Infraconstruction SME IPO Review

SME IPO Status: Closed [30th Sep 2020 to 9th Oct 2020]

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About Veer Global Infraconstruction IPO

Veer Global Infraconstruction IPO of Rs. 491.68 Lakh will be open for subscription from 30th Sep to 9th October. The IPO lot size is 4000 shares and multiple of it and available at a fixed price of Rs. 28 per share. Let's get the complete review of Veer Global Infraconstruction IPO including business overview, financials, strengths, weaknesses, IPO allotment, subscription, and more.

The IPO price is Rs. 2.8 times of the face value of share.

Incorporated in: 2012

Sector:Real Estate Industry

Issue Size:Rs. 491.68 Lakh

Website: http://veergloballtd.com/

About Company-Veer Global Infraconstruction Limited

Veer Global Infraconstruction Limited (VGIL), the real-estate developer company aims to offer the world-class residential and commercial spaces. Its key business activities are to undertake construction of residential projects in the low-income means affordable housing segment. Since inception, VGIL has diversified its product portfolio to residential projects, commercial projects, retail, hotels, entertainment parks, commercial plaza, integrated townships, and so on.

It has a long-period experience in real estate development business including key activities such as location identification, development, designing, project management, and sales and marketing. Till Sep 2020, VGIL has successfully finished 5 residential projects includes Sai Villa – Shahada, Parasnath Township, Veer Splendor-Phase I, Veer-2, and Veer-1-Umroli East. It also has 7 ongoing projects.

Veer Global Infraconstruction SME IPO Objective

The key objectives of Veer Global Infraconstruction IPO are as follows:

  • To meet the general corporate purposes.
  • To meet the working capital requirement of the company.
  • To meet the issue expenses

Veer Global Infraconstruction SME IPO Details

Veer Global Infraconstruction SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Veer Global Infraconstruction SME IPO Details
Veer Global Infraconstruction Issue Details Values
IPO Category SME
SME IPO Issue Type Fixed Price IPO Issue
SME IPO Issue Size 17,56,000 Eq Shares at ₹28 per share (aggregating up to ₹491.68 Lakh)
Face Value ₹10 Per Equity Share
SME IPO Issue Price ₹28
SME IPO Discount NA
Market Lot 4000 Shares
Min Retail Qty 4000 shares (1 lot)
Max Retail Qty 4000 shares (1 lot)
Promoter Holding Pre IPO 85.40%
Promoter Holding Post IPO
IPO Listing At BSE SME
BSE Code
NSE Code

Veer Global Infraconstruction SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 878,000 Shares
  • Retail Individual Investor: 878,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered878,000878,0001,756,000
11st Oct 2020 00:010.14x0.02x0.08x
22nd Oct 2020 00:010.18x0.07x0.13x
32nd Oct 2020 09:110.18x0.07x0.13x
46th Oct 2020 00:010.41x0.25x0.33x
56th Oct 2020 18:520.96x0.38x0.67x
67th Oct 2020 18:511.32x0.50x0.91x
79th Oct 2020 00:011.61x0.66x1.14x
89th Oct 2020 18:521.84x1.18x1.51x

Veer Global Infraconstruction Financials for past 3 Years

Past performance and financial results of Veer Global Infraconstruction.

Veer Global Infraconstruction financial
Veer Global Infraconstruction IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹3,290.11 Lakh ₹2,929.13 Lakh ₹2,021.76 Lakh
Total Revenue ₹862.58 Lakh ₹1,007.52 Lakh ₹233.30 Lakh
Net Profit/Loss ₹17.60 Lakh ₹12.87 Lakh ₹4.74 Lakh

Veer Global Infraconstruction SME IPO Strengths

  • Portfolio of residential properties in the affordable housing segment.
  • Highly experienced promoters and dynamic leadership.
  • Creative pricing and flexible payment terms.
  • Strong brand image.
  • Location based advantages as it completed many projects in the Palghar District.

Veer Global Infraconstruction SME IPO Threats/Weaknesses

  • Uncertainty around ongoing outbreak of COVID-19.
  • Delay in project completion may adversely affect its business.
  • Subjected to licenses requirements in the ordinary course of business.
  • Geographical concentration in the District of Palghar.
  • Rising cost of material and labor may adversely affect its revenue and profitability.

Veer Global Infraconstruction SME IPO Recommendations

Veer Global Infraconstruction SME IPO Important Dates

In this section we have covered all important dates related to Veer Global Infraconstruction SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Veer Global Infraconstruction SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open Date 30th Sep 2020
SME IPO Issue Close Date 9th Oct 2020
Basis of Allotment Finalisation Date* 14th Oct 2020
Refunds Initiation* 15th Oct 2020
Credit of Shares to Demat Account* 16th Oct 2020
SME IPO Listing Date* 19th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Veer Global Infraconstruction SME IPO Draft Prospectus >>Document

Veer Global Infraconstruction SME IPO Red Herring Prospectus >>Document

Veer Global Infraconstruction SME IPO Allotment Status >>Veer Global Infraconstruction SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Veer Global Infraconstruction Limited
Shop No 47, Shalibhadra Regency Shalibhadra Nagar,
100 Feet Road, Behind Union Bank, Nalasopara (E),
Thane-401 209
Maharashtra, India
Website: http://veergloballtd.com/
Email: [email protected]
Phone: +91 8484817311

Registrar

Purva Sharegistry (India) Private Limited
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Opp. Kasturba Hospital Lane,
Lower Parel (E) Mumbai 400011,

Lead Manager

  1. Capitalsquare Advisors Private Limited
Veer Global Infraconstruction SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Veer Global Infraconstruction? Should I apply in Veer Global Infraconstruction SME IPO?

Last Updated on 2020-10-01T02:54:22+00:00

Veer Global Infraconstruction SME IPO FAQs

  1. 1. How to subscribe Veer Global Infraconstruction SME IPO with Zerodha?

    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 Veer Global Infraconstruction 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 Veer Global Infraconstruction SME IPO with Zerodha.

    Alternate approch to apply in Veer Global Infraconstruction SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Veer Global Infraconstruction SME IPO Review and Important Updates

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  2. 2. How to apply in Veer Global Infraconstruction SME IPO online?

    Apply in Veer Global Infraconstruction SME IPO online

    To subscribe or apply in Veer Global Infraconstruction SME IPO, you can use the following methods:

    Veer Global Infraconstruction SME IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Veer Global Infraconstruction SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Veer Global Infraconstruction 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 ApplicationASBA

    This is one of the most popular mode of applying in Veer Global Infraconstruction SME IPO. Most of the Syndicate Banks provide access to apply in Veer Global Infraconstruction IPO via ASBA process. You must have your net banking access, DP ID information to apply in Veer Global Infraconstruction 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 ApplicationPhysical Form

    You can apply in Veer Global Infraconstruction 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.

    Veer Global Infraconstruction SME IPO Review and Important Updates

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  3. 3. How to download online application form for Veer Global Infraconstruction SME IPO?

    Applying in Veer Global Infraconstruction SME IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Veer Global Infraconstruction SME IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Veer Global Infraconstruction SME IPO, please refer article >> Link

    Veer Global Infraconstruction SME IPO Review and Important Updates

    Steps to download the online application form for Veer Global Infraconstruction SME IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 4000 and max 4000 shares (1 lot).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4. What is the listing date of Veer Global Infraconstruction SME IPO?

    Veer Global Infraconstruction SME IPO is going to be list on 19-10-2020.

    Other relevant questions:

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  5. 5. When Veer Global Infraconstruction SME IPO will be allocated?

    Veer Global Infraconstruction SME IPO Allotment Date is 14-10-2020.

    Other relevant questions:

    Veer Global Infraconstruction SME IPO share allotment date?Veer Global Infraconstruction SME IPO allotment date?

     

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User Comments

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5. chandrashekar Raju  9/24/2020 11:48:06 PM Reply
Veer Global Infraconstruction SME IPO expected listing gain.
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4. Dipakbhai  9/24/2020 11:48:06 PM Reply
Please confirm Veer Global Infraconstruction SME IPO GMP (grey market premium) and kostak.
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3. Adarsh  9/24/2020 11:48:06 PM Reply
Veer Global Infraconstruction SME IPO good or bad.
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2. B raghuram shetty  9/24/2020 11:48:06 PM Reply
Veer Global Infraconstruction SME IPO whether to invest or not.
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1. alok kumar dubey  9/24/2020 11:48:06 PM Reply
Veer Global Infraconstruction SME IPO - CRISIL Rating, Apply or not?.

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