Veekayem Fashion and Apparels Limited IPO

NSE SME

Listed On: Aug 22, 2022 at ₹ 49.90

₹ 112000 /4000 Shares

Check Allotment

IPO Details

05 Aug, 2022

Open Date

11 Aug, 2022

Close Date

18 Aug, 2022

Allotment Date

22 Aug, 2022

Listing Date

Issue Price

₹28 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

KFin Technologies Limited

List Price

49.90

Listing Date

2022-08-22

Market Lot

4000 Shares (₹112,000/-)

Lead Manager

GYR Capital Advisors Limited

Issue 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)

Retail Portion

N/A

Subscription

301.47 times

IPO Docs

DRHP RHP

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

Valuations

Earnings Per Share (EPS)

₹4.39/-

P/E Ratio

6.37

RoNW

6.09%

Net Asset Value (NAV) - Post Issue

₹72.12/-

Company Financials All values are in ₹ Lakh

	30-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Assets	13267.19	12351.95	12090.4	11789.3
Revenue	14947.02	7670.06	21571.46	20317.36
Profit After Tax	188.54	35.25	109.1	228.31

About The 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.

- Promoter(s)

Pre Issue Share Holding: 54.31%

Post Issue Share Holding: 39.67%

Company Promoter(s)

Krishankant Gupta
Vijaykumar Gupta
Madanlal Gupta

IPO - Issue Objectives

Funding the working capital requirements of the company.
General Corporate Purposes.

IPO - FAQs

Ans. Veekayem Fashion and Apparels Limited IPO is a SME IPO. The issue is priced at ₹28 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Aug 5, 2022, and closes on Aug 11, 2022. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Veekayem Fashion and Apparels Limited IPO opens on Aug 5, 2022 and closes on Aug 11, 2022.

Ans. The size of Veekayem Fashion and Apparels Limited IPO is 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).

Ans. The IPO price band is set between ₹28 per equity share.

Ans. To apply for Veekayem Fashion and Apparels Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Veekayem Fashion and Apparels Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Veekayem Fashion and Apparels Limited IPO is Aug 18, 2022.

Ans. The Veekayem Fashion and Apparels Limited IPO will be listed on Aug 22, 2022.

Ans. Follow the steps to check the allotment status for Veekayem Fashion and Apparels Limited IPO here.