Issue Price
₹28
Per Share
GMP
NIL
Grey Market
Est. Listing
₹28
Expected Price
Min. Application
₹224,000
2 lots × 4000 shares
Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing. The company's product portfolio includes two main product categories: Textile the company manufactures Greige Fabrics including 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen and Garments the company manufacture all types of readymade garments for men and women, such as formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pyjamas and Bermuda.Veekayem Fashion's manufacturing facility is situated at Umargaon in the state of Gujarat. The manufacturing facility is installed with automated machinery capable of manufacturing 5,00,000 meters of fabric per month and 1,50,000 pcs of readymade garments per month.Competitive Strength:Consistency in Quality and Service Standards.Scalable Business Model.Product mix and Market mix.Cost-effective production and timely fulfilment of orders.Experienced management and dedicated employee base.Wide sales and distribution network.
Veekayem Fashion & Apparels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 80,000 | — | ₹0.22 Cr | — |
| TOTAL | 1,584,000 | 100.00% | ₹4.44 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹112,000 |
| Retail (Max) | 13 | 52,000 | ₹1,456,000 |
| sNII (Min) | 14 | 56,000 | ₹1,568,000 |
| bNII (Min) | 68 | 272,000 | ₹7,616,000 |
| Particulars | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue from Operations | 20317.36 | 21571.46 | 7670.06 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 228.31 | 109.10 | 35.25 |
| Net Worth | 2973.17 | 2869.65 | 2904.90 |
| Total Assets | 11789.30 | 12090.40 | 12351.95 |
| Reserves & Surplus | 2331.38 | 2440.48 | 2475.73 |
| Total Borrowings | N/A | N/A | N/A |