Veeram Infra Engineering IPO Review (Date, Price, DRHP)

Veeram Infra Engineering is engaged in the business of printing, trading of general mercantile and real estate. It is an Ahmedabad based company. It is all about Veeram Infra Engineering IPO Review along with the IPO details.

Veeram Infra Engineering IPO Review Issue Details :

For Veeram Infra Engineering IPO Review, the issue details plays a significant role.

  • IPO Opens on – September 28, 2018.
  • IPO Closes on – October 08, 2018.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Issue Price – Rs. 51 Per Equity Share.
  • Min Order Quantity – 2000 Shares.
  • Market Lot – 2000 Shares.
  • Issue Size – 2,106,000 Equity Shares of Rs. 10 aggregating up to Rs. 10.74 Cr.
  • Listing Exchange At – BSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue of the Company :

  • To meet the working capital requirement of Veeram Infra Engineering.
  • To meet the issue of the expenses of this company.

About The Company –

  • Veeram Infra Engineering is incorporated in 1994.
  • This company is offering multi-color offset printing services, single color offset printing services, commercial printing services for calendars, catalogs, brochures, posters, annual reports manuals, etc.
  • Veeram Infra Engineering traded in different general goods and variety of products as per season like pulses, garments and metals etc and other such profitable product segments.
  • This company has 13 employees on its payroll.
  • Veeram Infra Engineering entered into the business of Graphic Designing.

Veeram Infra Engineering Limited

The business of Veeram Infra Engineering :

Veeram Infra Engineering Limited entered into the business of Graphic Designing. This process is successful in graphic designing and the growing demand for graphics printing. The promoters of this company added the printers having the latest technology. This technology helped this company in offering multi-color offset printing services, single color offset printing services, commercial printing services for calendars, catalogs, brochures, posters, annual reports manuals, etc. Backed by a team of Veeram Infra Engineering qualified and skilled professionals and latest printing technology, this company has obtained a long list of reputed clientele. Digital printing was preferred over offset printing, this company also decided to enter into the trading business of general mercantile. Veeram Infra Engineering Limited traded in different general goods and variety of products as per season like pulses, garments and metals etc and other such profitable product segments. This company is in the process of building a quality and innovation focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs in the printing and trading business.

Name of the top Shareholders of the Company :

  • Mr. Satishkumar R. Gajjar.
  • Mr. Salim Mohamed Hussein Punjani.
  • Mrs. Geetaben S. Gajjar.
  • Veeram Ornaments Limited.
  • Mrs. Pinal R. Shah.
  • Mr. Dhaval S. Gajjar.
  • Mr. Girish Chauhan.
  • Mr. Pravin Sanghavi.
  • Mrs. Jaya Katherecha.
  • Mr. Ashok Katherecha.

Location :

Veeram Infra Engineering Limited (VIEL) :

Basement Medicare Centre,

B/h. M. J. Library,

Opp. Stock- Exchange Ellisbridge,

Ahmedabad – 380006, Gujarat.

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The promoter of Veeram Infra Engineering :

  • Mr. Satishkumar R. Gajjar, aged 54 years, is the Promoter, Managing Director and Chief Financial Officer of this company.
  • Mrs. Geetaben S. Gajjar, aged 51 years, is the Promoter and Whole Time Director of this company.

The Board of Directors of this company :

  • Mr. Satishkumar R. Gajjar, aged 54 years, is the Promoter, Managing Director and Chief Financial Officer of this company.
  • Mrs. Geetaben S. Gajjar, aged 51 years, is the Promoter and Whole Time Director of this company.
  • Mr. Dhaval S. Gajjar, aged 27 years, is the Professional Non-Executive Director of this company.
  • Mr. Manoharbhai Bharatbhai Chunara, aged 32 years, is the Non-Executive Independent Director of this company.
  • Mrs. Nidhi A. Jain aged 31 years, is the Non-Executive and Independent Director of this company.

Competitive Strengths of Veeram Infra Engineering :

  • Experience of the Promoters of Veeram Infra Engineering :

The Promoters of Veeram Infra Engineering have an approximate 20 years plus experience in business management. This company has over 2 years of experience in the real estate sector. Veeram Infra Engineering believes their promoters experience and execution capabilities. This company has anticipated market trends, manage the growth and expansion of their business operations. The procure and maintain necessary permits and licenses in a timely manner of Veeram Infra Engineering. This company responds to trends in design, engineering, based on customer preferences.

  • Development of projects through Joint Development model of this company :

The Management of Veeram Infra Engineering is well assisted by an experienced project manager who oversees the functions of contractors. This company has developed strong relationships with various contractors who will assist in the timely development of their lands. The joint development model enables a focus on the core area of operations.

Business Strategies for this company :

  • Develop and maintain strong relationships with strategic partners of Veeram Infra Engineering Limited.
  • This company’s focus on Performance and Project Execution.

Company Financials :

In order to work on the Veeram Infra Engineering IPO Review, let’s go through the company financials.

Veeram Infra Engineering IPO

Veeram Infra Engineering IPO Review :

In the above mini profit-loss statement we can see that the profit level is quite poor from the fiscal year 2014 to 2017. In the last FY 2018, the company has recovered the level to some extent. As you can see in the last year the profit was 67.07 lakhs. Now, without any further delay, let’s move on to the DRHP of the company. From the DRHP (draft red herring prospectus) we are able to collect the quantitative as well as qualitative data. Previously, in this article, we have discussed the qualitative factors of the company. Now, we will look over the quantitative factors. Let’s starts with EPS. The EPS or earnings per share of the company (both basics and diluted) is 2.88 as per the end of the 2018 fiscal year. Price to earnings ratio (P/E Ratio) which is based on basic and diluted 2.88 EPS stands at 17.71. Return on Net Worth of the company stands at the level of 10.28 percent. NAV/ Share at the end of the 2017-18 fiscal year is 28.00. According to our analytical viewpoint, the company has quite a low growth level which is not suitable for investment. There is a high risk in the investment. Therefore, as per our recommendation, Veeram Infra Engineering IPO Review is NEGATIVE. It is advisable not to invest for the IPO, it may cause a huge loss in the future.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.



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