Business Standard

Vivid Mercantile Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

10.74 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

BSE - SME

Open Date

28-Sept-2018

Close Date

12-Oct-2018

Listing Date

23-Oct-2018

Vivid Mercantile Ltd News

    The Shares of Vivid Mercantile Ltd have now been listed.

    Vivid Mercantile Ltd IPO Details

    Public issue of 21,06,000 equity shares of face value of Rs.10/- each (equity shares) of Veeram Infra Engineering limited ( the company or the issuer) for cash at a price Rs.51/- per equity share (including a share premium of Rs. 41/- per equity share) (issue price) aggregating to Rs.10.74 Crores(the issue), of which 1,10,000 equity shares of face value of Rs.10/- each for a cash price of Rs.51/- per equity share, aggregating to Rs 0.56 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 19,96,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 51 per equity share aggregating to Rs. 10.18 Crores (is here in after referred to as the net issue). The issue and the net issue will constitute 26.47% and 25.09%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 51/- i.e. 5.1 times of the face value.

    Objective of issue

    To Meet the Working Capital Requirements.

    Vivid Mercantile Ltd Contact Details

    Vivid Mercantile Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - complianceviel@gmail.com

    Website - www.vividmercantile.com