Veekayem Fashion & Apparels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 752,000 (47%) | — | ₹211 Cr |
| Retail | — | 752,000 (47%) | — | ₹211 Cr |
| Market Maker | — | 80,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 1,584,000 (100%) | — | ₹4,435 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹112,000 |
| Retail (Max) | 13 | 52,000 | ₹1,456,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,568,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,504,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 20,317 | 21,571 | 7,670 |
| Profit After Tax | 228 | 109 | 35 |
| Net Worth | 2,973 | 2,870 | 2,905 |
| Total Assets | 11,789 | 12,090 | 12,352 |
| Reserves & Surplus | 2,331 | 2,440 | 2,476 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- a) Funding the working capital requirements of the company. –
- b) General Corporate Purposes. –
Company Overview
Incorporated in 1985, 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.
Competitive Strength:
- Consistency in Quality and Service Standards.
- Scalable Business Model.
- Product mix and Market mix.
- Cost-effective production and timely fulfilment of orders.
- Experienced management and dedicated employee base.
- Wide sales and distribution network.