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Veeram Ornaments IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 5.12 Cr. The company is based in Ahmedabad and caters to Jewellery sector. Gretex Corporate Services is the merchant banker of Veeram Ornaments IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 13th December 2016.
Veeram Ornaments IPO open date is 23rd December 2016 and close date is 28th December 2016. IPO Allotment Date is 30th November -0001 and Listing date is 5th January 2017.
IPO
Size:
₹ 5.12 Cr.
Avg IPO Size (Sector Based)
: ₹
16.69 cr.
Sector: Jewellery
SME
IPO so far:
45
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
52
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹
8.00
cr. 
PE
Ratio:
17.00x
Average Sector PE Ratio: 24.28x
Veeram Ornaments IPO size is ₹ 5.12 Cr. with IPO price of ₹ 45.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Veeram Ornaments IPO. Kfin Technologies Limited is the Registrar and Market Maker is Beeline Broking Limited for Veeram Ornaments IPO.
Veeram Ornaments IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Veeram Ornaments IPO, based in Ahmedabad, operates in the Jewellery sector with a focus on integrated Wholesaler Trader Retailer of branded Jewellery Ornaments. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Veeram Ornaments IPO size is ₹ 5.12 Cr. with fresh issue size of ₹ 5 and Offer for sale being ₹ Nil
The IPO allotment date for Veeram Ornaments IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Veeram Ornaments IPO allotment status on the registrars website, Kfin Technologies Limited . Veeram Ornaments IPO refund dates are 30th November -0001.
Veeram Ornaments IPO is expected to be listed on 5th January 2017.
The upper price band for the Veeram Ornaments IPO is set at ₹ 45.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Veeram Ornaments IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Veeram Ornaments IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th December 2016. After submission, funds are blocked until the basis of allotment of Veeram Ornaments IPO is finalised.
The merchant banker for Veeram Ornaments IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Veeram Ornaments IPO RHP for further details.
The registrar for Veeram Ornaments IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Veeram Ornaments IPO through their official website or helpline.
Veeram Ornaments IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 5.12 Cr.
Avg IPO Size (Sector Based)
:
₹ 16.69 Cr.
Sector: Jewellery
SME
IPO so far:
45
Merchant Banker:
Gretex Corporate
SME
IPO by BRLM so far:
52
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹ 7.96 cr.
PE
Ratio:
17.00x
Average Sector PE Ratio: 24.28x
Veeram Ornaments IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Veeram Ornaments Financial Review Page
Merchant Banker(s) of Veeram Ornaments IPO: Gretex Corporate Services Limited
Veeram Ornaments IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Veeram Ornaments IPO listed at a listing price of 46.00 against the offer price of 45.00.
The current market price of Veeram Ornaments is 8.85.
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