Veer Global Infraconstruction SME IPO Details
Veer Global Infraconstruction Limited launched its SME IPO on BSE SME from 30 September to 9 October 2020, raising ₹4.92 crores at ₹28 per share, with listing on 19 October 2020. Founded in 2012, the company focuses on real estate development, mainly affordable residential projects alongside business, retail properties, commercial plazas, and integrated townships. Its business model covers location identification, acquisition, planning, designing, development, sales, and marketing. The firm has strong presence in Mumbai Metropolitan Region, particularly Vasai-Virar, Palghar, Umroli, Boisar, and Shahada.
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Stock Price
As the IPO is listed, here is the Live Share Price for Veer Global Infraconstruction
IPO Summary
What is the Veer Global Infraconstruction IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 30 Sep, 2020 Wed | Wednesday |
| IPO Close Date | 09 Oct, 2020 Fri | Friday |
| Basis of Allotment | 14 Oct, 2020 Wed | Wednesday |
| Refunds Initiated | 15 Oct, 2020 Thu | Thursday |
| Credit to Demat | 16 Oct, 2020 Fri | Friday |
| Listing Date | 19 Oct, 2020 Mon | Monday |
What is the Veer Global Infraconstruction IPO Lot Size?
Bidding in multiples of 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 8000 | ₹2,24,000 |
| Retail (Max) | 2 | 8000 | ₹2,24,000 |
| HNI (Min) | 3 | 12000 | ₹3,36,000 |
About Veer Global Infraconstruction
The company’s business model focuses on undertaking turnkey projects as well as contract-based construction services, where it manages planning, procurement, and execution. Veer Global Infraconstruction emphasizes timely delivery, cost efficiency, and adherence to quality standards to maintain client relationships. Its services typically include building construction, infrastructure development, and allied civil works, positioning the company as a participant in India’s ongoing infrastructure growth story.
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| To Meet the Short term Working Capital Expenses. | ₹4.00 Cr. |
| General corporate purpose. | ₹0.66 Cr. |
Company Financials
Summary of financial performance including revenue, profit, and debt levels will be populated here.
Promoters and Shareholding Details
Promoter holding details will be updated as soon as they are officially announced.
Frequently Asked Questions
What is the GMP of Veer Global Infraconstruction?
The current Grey Market Premium (GMP) of Veer Global Infraconstruction is ₹ 0.
What is the Veer Global Infraconstruction IPO Price Band?
The price band for Veer Global Infraconstruction IPO is 28.
When is the Veer Global Infraconstruction IPO Allotment?
The allotment date for Veer Global Infraconstruction IPO is October 14, 2020.
How to check Veer Global Infraconstruction IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Purva Sharegistry (India) Pvt.Ltd.).
Registrar
Purva Sharegistry (India) Pvt.Ltd.
Book Running Lead Manager
Capital Square Advisors Pvt.Ltd.
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