IPO Issue Details
Issue Price / Price Band₹28 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size17,56,000 shares (aggregating up to ₹4.92 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 30 Sep 2020
Subscription CloseFri, 09 Oct 2020
Anchor AllotmentTue, 29 Sep 2020
Basis of AllotmentWed, 14 Oct 2020
Initiation of RefundsThu, 15 Oct 2020
Credit of Shares to DematFri, 16 Oct 2020
Listing DateMon, 19 Oct 2020
UPI Mandate Deadline2020-10-09
Application & Investment Details
Retail — Min (1 Lots)₹1,12,000 — 4,000 shares
Retail — Max (13 Lots)₹1,456,000 (13 Lots)
HNI — Min (2 Lots)₹2,24,000 — 8,000 shares
Net Offer to Public16,64,000 shares (aggregating up to ₹4.66 Cr)
Reserved for Market Maker92,000 shares (aggregating up to ₹0.2576 Cr)
Pre-IPO Promoter Holding48,41,710 shares
Post-IPO Promoter Holding65,97,710 shares
About Veer Global Infraconstruction Ltd.
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• Focus on low-income affordable housing segment.• Strategic location advantages in the District of Palghar.• Experienced team of promoters and managers.
Objects of the Issue
Veer Global Infraconstruction Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet the working capital requirements.
2
To meet general corporate purposes.
3
To meet issue related expenditures.
Shareholding & Lock-in
Pre-IPO Promoter Holding
48,41,710 shares
Post-IPO Promoter Holding
65,97,710 shares