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Open
23 Dec 2016
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Close
28 Dec 2016
3
Allotment
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Listing
Thu, Jan 5, 2017
Price Band
₹45 per share
Issue Size
11,37,000 shares (agg. up to ₹5 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Jan 5, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.06x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Bindal Exports Ltd. | SME | ₹2.00 Cr | ₹16 | null | ₹16.20 | +1.25% | ₹27.80 (+4.51%) |
| Radhika Jeweltech Ltd. | SME | ₹49.50 Cr | ₹75 | null | ₹71.00 | -5.33% | ₹65.88 (-0.62%) |
| KKV Agro Powers Ltd. | SME | ₹3.58 Cr | ₹320 | null | ₹342.00 | +6.88% | ₹499.35 (-4.99%) |
| Darshan Orna Ltd. | SME | ₹7.54 Cr | ₹60 | null | ₹61.00 | +1.67% | ₹2.22 (-1.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet additional Working Capital Requirements | |
| 2 | To Meet the Issue Expenses |
About Veeram Ornaments IPO
Incorporated in 2011, Veeram Ornaments Limited is engaged in the design, manufacture, and wholesaler of jewellery and ornaments. It provides gold and silver jewellery products, including rings, bracelets, necklaces, ear chains, earrings, pendants, chains, mangalsutras, zudas, toe rings, anklets, bangles, etc. with or without studded precious and semi-precious stones. The company sells its products to jewellery retailers in Ahmedabad.They are also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver. They buy their raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold is generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from their suppliers.+ Read More
Contact Details
Veeram Ornaments Ltd. AddressShop No.2, Naroda PrideNr.Padmavati SocietyAhmedabad, Gujarat, 382350+91-9925266150info@veeramornaments.comVisit Website