Tuesday, April 03, 2018

Vera Synthetic IPO Price Band, Market Lot, Dates, Allotment & Subscription Details

Vera Synthetic Ltd incorporated in 2000 based in Gujarat. The company is doing business of manufacturing of fishing nets, pp yarns, pp/hdpe ropes, pp twines and niwar. The company is doing business with brand name "Sujlon". They are doing their business in domestic market where they have dealers, traders and distributors in Gujarat, Maharashtra, West Bengal, Rajasthan, Bihar, Andhra Pradesh, Karnataka, Kerala, Etc. Vera Synthetic ipo is starting from 28 March and ends on 04 April. The price band is around Rs.40 with 3000 market lot. The ipo size is around 5.34 crore rupees.

IPO Review:
  • Risky
Vera Synthetic IPO Dates & Price Band:
  • IPO Open: 28 March 2018
  • IPO Close: 04 April 2018
  • IPO Size: Approx Rs 05.34 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.40 Per Equity Share
  • Listing on: NSE SME
  • Shares: 1,335,00
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000

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Financial Results:

Rs. in Crore

2013 2014 2015 2016 2017
Revenues 22.03 19.76 24.49 21.95 18.44
Expenses 21.52 19.28 24.10 21.55 17.95
PAT 0.18 0.33 0.05 0.27 0.34

Grey Market Premium:
  • The grey market is around Rs.10000 Subject to Sauda.
Vera Synthetic IPO Subscription Status:
  • IPO Subscribed 3.35 times overall
Vera Synthetic IPO Allotment Status:
Company Promoters:
  • Sunil Makwana
  • Nagin Makwana
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: verasynthetics.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

IPO Lead Managers:
Company Address:
Vera Synthetic Limited
Office No. UL-27
Pattani Plaza, Devubag,
Dairy Road, Bhavnagar - 364002
Phone: 0278-2525434
Fax: 0278-2883029
Email: info@sujlonropes.com
Website: http://www.sujlonropes.com