Business Standard

Veekayem Fashion & Apparels Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.44 cr

Price Range (₹)

28

Lot Size

4000

Min Investment (₹)

1,12,000.00

Listing Exchange

NSE - SME

Open Date

05-Aug-2022

Close Date

11-Aug-2022

Listing Date

22-Aug-2022

Veekayem Fashion & Apparels Ltd News

    The Shares of Veekayem Fashion & Apparels Ltd have now been listed.

    Veekayem Fashion & Apparels Ltd IPO Details

    Initial public offer of 15,84,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Veekayem Fashion and Apparels Limited (the Company or VFAL or Issuer) at an issue price of Rs. 28/- per equity share (including a share premium of Rs. 18/- per equity share) for cash, aggregating Rs. 4.44 crores (Public Issue) out of which 80,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 28/- per equity share for cash, aggregating Rs. 0. 22 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 15, 04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 28/- per equity share for cash, aggregating Rs. 4.21 crores is here inafter referred to as the Net Issue. The public issue and net issue will constitute 26.96% and 25.60% respectively of the postissue paid-up equity share capital of the company.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purposes.

    Veekayem Fashion & Apparels Ltd Contact Details

    Veekayem Fashion & Apparels Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@vkmgroups.biz

    Website - www.vkmgroups.com