Veekayem Fashion and Apparels Limited IPO
NSE SME₹112,000 / 4000 Shares
Veekayem Fashion and Apparels Limited IPO Details
The Veekayem Fashion and Apparels Limited IPO price band is set between ₹28 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 5 Aug, 2022 and closes on 11 Aug, 2022. Investors can check the allotment status on 18 Aug, 2022, while the listing date is tentatively scheduled for 22 Aug, 2022.
The total issue size is 1,584,000 shares of ₹10 , aggregating up to ₹4.44 Cr. Stay tuned for the latest Veekayem Fashion and Apparels Limited IPO review and GMP updates.
Veekayem Fashion and Apparels Limited IPO Review, Rating & Analysis
Veekayem Fashion and Apparels Limited IPO Review
NO REVIEWVeekayem Fashion and Apparels Limited IPO Rating
Veekayem Fashion and Apparels Limited IPO Highlights
IPO Date
Aug 5, 2022 - Aug 11, 2022
Listing Date
22 Aug, 2022
Face Value
₹10 Per Equity Share
Price Band
₹28 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Veekayem Fashion and Apparels Limited IPO Lot Size
The minimum market lot for Veekayem Fashion and Apparels Limited IPO is 4000 shares with an application amount of ₹1,12,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,12,000 |
| Retail (Max) | 1 | 4000 | ₹1,12,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,24,000 |
| S-HNI (Max) | 8 | 32000 | ₹8,96,000 |
| B-HNI (Min) | 9 | 36000 | ₹10,08,000 |
Veekayem Fashion and Apparels Limited IPO Timeline
Issue Price
₹28 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
KFin Technologies LimitedLead Manager
GYR Capital Advisors LimitedIssue Size
1,584,000 shares of ₹10 (aggregating up to ₹4.44 Cr)#Fresh Issue: 1,584,000 shares of ₹10 (aggregating up to ₹4.44 Cr)Veekayem Fashion and Apparels Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Mar 22 | 13267.19 | 14947.02 | 188.54 | - | - | - |
| 31 Mar 21 | 12351.95 | 7670.06 | 35.25 | - | - | - |
| 31 Mar 20 | 12090.4 | 21571.46 | 109.1 | - | - | - |
| 31 Mar 19 | 11789.3 | 20317.36 | 228.31 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Krishankant Gupta
- Vijaykumar Gupta
- Madanlal Gupta
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 54.31% | 39.67% |
About Company
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.
Veekayem Fashion and Apparels Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 752,000 | 752,000 | 1,504,000 |
Day 1 -05-08-22 06:00 PM | 0.17 x | 2.36 x | 1.26 x |
Day 2 -08-08-22 06:00 PM | 1.72 x | 34.68 x | 18.20 x |
Day 3 -10-08-22 06:00 PM | 46.38 x | 113.31 x | 79.84 x |
Day 4 -11-08-22 05:30 PM | 355.85 x | 247.09 x | 301.47 x |
Frequently Asked Questions about Veekayem Fashion and Apparels Limited IPO IPO
When will Veekayem Fashion and Apparels Limited IPO open for subscription?
The Veekayem Fashion and Apparels Limited IPO opens on 5 Aug, 2022 and closes on 11 Aug, 2022.
What is the investors portion for Veekayem Fashion and Apparels Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 752000.
How to apply for Veekayem Fashion and Apparels Limited IPO?
You can apply for Veekayem Fashion and Apparels Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Veekayem Fashion and Apparels Limited IPO?
The issue size of Veekayem Fashion and Apparels Limited IPO is approx ₹1,584,000 shares of ₹10 (aggregating up to ₹4.44 Cr)#Fresh Issue: 1,584,000 shares of ₹10 (aggregating up to ₹4.44 Cr) crores.
What is the price band of Veekayem Fashion and Apparels Limited IPO?
The price band for Veekayem Fashion and Apparels Limited IPO is ₹28 per equity share to ₹undefined.
What is the lot size of Veekayem Fashion and Apparels Limited IPO?
The minimum bid (lot size) for Veekayem Fashion and Apparels Limited IPO is N/A shares with an investment of approx ₹112,000 .
What is the allotment date of Veekayem Fashion and Apparels Limited IPO?
The allotment date for Veekayem Fashion and Apparels Limited IPO is 18 Aug, 2022.
What is the listing date of Veekayem Fashion and Apparels Limited IPO?
The listing date for Veekayem Fashion and Apparels Limited IPO is expected to be 22 Aug, 2022.
What is the GMP of Veekayem Fashion and Apparels Limited IPO?
The latest Grey Market Premium (GMP) for Veekayem Fashion and Apparels Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.