Veer Global IPO

Veer Global IPO(SME) Details and Analysis

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Veer Global Infraconstruction Limited is joining the SME IPO rally. Veer Global IPO will open for subscription on 30th September 2020. The company is aiming for an issue size of ₹4.92 crores through this SME fixed price IPO.

Veer Global Infraconstruction Limited

Veer Global is a real estate developer, primarily focusing on the development of residential projects in Vasai- Virar and Palghar district. It has over 9 years of experience in developing residential projects in the low-income affordable housing segment. Its projects primarily cater to affordable housing. As of 17 August 2020, the company has completed 5 projects and has 7 ongoing projects.

Objective of the Issue

  • To meet the working capital requirements.
  • For general corporate purposes.
  • To meet issue related expenditures.

Basic details about the company

Full nameVeer Global Infraconstruction Limited
IndustyConstruction-Real estate

Dates to remember

IPO Open30 September 2020
IPO Close09 October 2020
Basis of Allotment14 October 2020
Refunds date15 October 2020
Credit to Demat Account16 October 2020
 Listing Date19 October 2020

IPO details

Issue typeFixed price IPO
IPO issue size₹4.92 crores
Number of shares offered to the public1,756,000 shares
Face value₹10 per equity share
Offer price₹28 per equity share
Retail portion50%
Lot size4000 Nos
Minimum application1 lot – 4000 shares
Minimum application amount₹1,12,000
Listing ExchangeBSE (BSE SME platform)

More details about the company

Incorporated in 2012, Veer Global Infraconstruction Limited is a real-estate developer company that primarily engaged in developing residential projects in the affordable housing segment. It undertakes development of residential projects, business and retail properties, Commercial Plaza, and Integrated Townships. Its core business activities include location identification, acquisition, project planning, designing and development and sales & marketing.

VGIL positioned as “Creation and not Construction” has landmark development across Mumbai, Vasai, Virar, Umroli, Boisar & Shahada. Till Sep 2020, it has completed 5 residential projects and Veer-11, Parasnath Township Bldg No. 2, Veer Splendor – Phase II, Veer-10, Veer-4, and D-wing Veer-2 are currently ongoing projects.

Competitive Strengths

  •  Experienced team of promoters and managers.
  • Focus on low-income affordable housing segment.
  • Strategic location advantages in the District of Palghar.

Financial summary

Veer Global’s financial performance (in INR lakh)
Revenue 233.31,007.5862.6
Expenses 225.3990.5838.1
Net income 3.812.016.4

Valuation of Veer Global IPO (FY2020)

Earnings Per Share (EPS)₹ 0.46
Price/Earnings (PE ratio)60.87
Return on Net Worth (RONW)1.58%
Net Asset Value (NAV)₹ 21.89 per share

Company Promoters

  • Mr. Vijaybhai Vagjibhai Bhanshali
  • Mrs. Anita Bhanshali
  • Mr. Vinod Mohanlal Jain
  • Mr. Mukesh Chunilal Jain
  • Mr. Abhishek Mukesh Jain
  • Mr. Priyank Chandrakant Parikh

Lead managers

Capital Square Advisors Pvt Ltd

Registrar of Veer Global IPO

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011

Phone: +91 22 2301 2518

Veer Global Contact Details

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

Veer Global IPO Allotment Status

Veer Global IPO allotment status will be available on Purva Sharegistry’s website.

Click on this link to get allotment status. 

Final thoughts

Veer Global IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

happy investing

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