Veekayem Fashion & Apparels IPO Guidance & Details
Veekayem Listing :
Listed on 22 August 2022 at
Open at Rs. 49.90( Issue price Rs. 28)
High Rs. 52.35
Closed at Rs.
Grey Market Estimate of Listing :There are no trades seen for Allotted Applications. Earlier, Subject to Rates were seen around Rs. 60000 .The shares are offered at Rs. 28. Previously , they expected, the listing to be around Rs. 48 to 50. Now , in absence of allotted application trades, the traders donot have hopes for strong listing & expect the listing to be between Rs. 40 to 45.
Grey Market News for Veekayem Fashion & Apparels IPO :
On 22 August 2022
Allotted Applications : Not started yet
GMP Rates : – nil
On 11 August 2022 @ 5.00 pm
NII (50%) 752,000 Sh : 355.85 T
RII (50%) 752,000 Sh : 247.09 T
Tot 1504,000 Sh : 301.47 T
Veekayem Fashion IPO Details
IPO Date August 5, 2022 to August 11, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 28 per share
IPO Lot Size 4000 Shares
Issue Size 1504000 shares of Rs 10
(aggregating up to Rs 4.21 Cr)
Fresh Issue 1504,000 shares of Rs 10
(aggregating up to Rs 4.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer
Retail Quota : 50 % ( 752000 Shares)
Minimum 4000 Rs 112,000
Maximum 4000 Rs 112,000
Retail : 188 Applications required for one time subscriptions.
Veekayem Fashion IPO Timetable
IPO Opening Date August 05, 2022
IPO Closing Date August 11, 2022
Basis of Allotment August 17 , 2022
Initiation of Refunds August 18, 2022
Credit of Shares to Demat August 19, 2022
IPO Listing Date Aug 22, 2022
Veekayem Fashion Business :
Veekayem Fashion is engaged in the business of weaving and garment manufacturing. It is majorly engaged in the business of manufacturing for various brands, however it also caters to exports and local markets in customized designs as requested by its clients and customers in textile and apparel industry.
The Company deals in a range of products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories etc.
Its extensive product portfolio of 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.
The manufacturing facility is situated at Umargaon in state of Gujarat. The manufacturing facility is installed with automated machineries having capacity to manufacture 5,00,000 Meters fabrics per month and 1,50,000 pcs of readymade garments per month. It has testing facility within the premises of manufacturing units.
For more information about the company,Click www.vkmgroups.com
Promoters of Veekayem Fashion
Krishankant Gupta, Vinaykumar Gupta & Madanlal Gupta
Veekayem Fashion : Objects of the IPO
To meet the working capital requirements
Registered office of Veekayem Fashion
13, Udyog Bhavan, Sharma Ind. Estate, Walghat Road, Goregaon East, Mumbai, Mahrashtra, India
Company Secretary and Compliance Officer: Gopika Singh ,
Lead Manager of Veekayem Fashion IPO
GYR Capital Advisors
SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 2.54
Earnings per Share 2020-21 Rs 0.82
Earnings per Share 2021-226M Rs 1.59
Return on Net Worth: 19-20: 3.80 %
Return on Net Worth: 20-21 : 1.21 %
Return on Net Worth: 21-226M : 2.30 %
Book Value of the Share as on 30.09.21 Rs 69.28
NAV after the IPO Rs. 48.16
Offer Price Rs. 28
IPO Peer Comparison:
Page Industries @ PE Ratio of 129.48
Indian Terrain @ PE Ratio of N.A.
Monte Carlo @ PE Ratio of 14.85
Observation by Paresh Gordhandas ( Research Analyst )
For Guidance : Will be updated soon
# This is only coverage of News related to Grey Market . We donot deal in Grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Why not showing subject rate
After allotment, there is no subject to rates. Only rates for allotted applications remain
IPO closes on 11th and listing will be on 22 August. The funds will remain blocked for long period.
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