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Veer Global Infraconstruction SME IPO Details

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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.

Open 30 Sep 2020
Close 09 Oct 2020
Allotment 14 Oct 2020
Listing 19 Oct 2020

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Stock Price

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IPO Summary

IPO Dates 30 Sep to 9 Oct, 2020
Price Band ₹28
Face Value ₹10
Lot Size 4000 Shares
Issue Size ₹4.92 Cr. Cr
Sale Type Fixed price issue
Listing On BSE SME
Min Investment ₹ 2,24,000

What is the Veer Global Infraconstruction IPO Timetable?

Track the IPO schedule and key events.

Event Date
IPO Open Date 30 Sep, 2020 Wed
IPO Close Date 09 Oct, 2020 Fri
Basis of Allotment 14 Oct, 2020 Wed
Refunds Initiated 15 Oct, 2020 Thu
Credit to Demat 16 Oct, 2020 Fri
Listing Date 19 Oct, 2020 Mon

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

Veer Global Infraconstruction Limited is an Indian infrastructure company engaged in executing a range of construction and development projects. The company was established with the objective of catering to the growing demand for quality infrastructure across urban and semi-urban regions. Over the years, it has built experience in civil construction, including residential, commercial, and infrastructure-related projects. Backed by its promoters with industry experience, the company has gradually strengthened its execution capabilities and project management skills.

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
To Meet the Short term Working Capital Expenses.
Estimate Amount ₹4.00 Cr.
Issue Object
General corporate purpose.
Estimate Amount ₹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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