Incorporated in 1994, Ahmedabad based Veeram Infra Engineering Limited is a company engaged in the business of printing, trading of general mercantile and real estate.
In the last 2-3 years, the company has made changes in its MoA wherein 70% company`s revenues from now on shall be earned through its real estate business and the remaining from the ancillary business.
The company has entered into a land development agreement measuring approximately 7.34 hectares at Sanand, Ahmedabad. The company will do the levelling and landfilling sell these plots in different sizes.
The company has 13 employees on its payroll.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To meet the Working Capital Requirements | ₹10 |
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Total Assets | 935 | 26 | 26 |
| Revenue | 1,282 | 4 | 3 |
| PAT | 67 | 0 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 998,000 (47%) | — |
| Retail (RII) | — | 998,000 (47%) | — |
| Market Maker | — | 110,000 (5%) | — |
| Total | — | 2,106,000 (100%) | — |
* Amount calculated at upper price band (₹51) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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