The Vera Synthetic date has been confirmed from March 28, 2018 and ended on April 4, 2018. Read the post to learn about Vera Synthetic IPO GMP.
Vera Synthetic Developers IPO is a fixed price issue of Rs 5.34 crores. The price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Key Details Of Vera Synthetic IPO:
Bidding Dates
March 28-April 4
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹52.00
Vera Synthetic IPO GMP
The Vera Synthetic IPO GMP is ₹52.00.
IPO Overview
Vera Synthetic IPO is a Rs 5.34 crore fixed price issuance. Bidding for the Vera Synthetic IPO began on March 28, 2018 and closed on April 4, 2018. On April 12, 2018, the shares were listed on the NSE SME. Vera Synthetic IPO GMP Today is ₹52.00. The IPO price for Vera Synthetic is $40 per share.
A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate. The manufacturing facilities of the company is divided into two parts, Division I and Division II (located in Mamsa, Gujarat). The Company had 88 employees on its payroll as of January 31, 2018.
Vera Synthetic IPO Details
| IPO Date | March 28, 2018 to April 4, 2018 |
| Listing Date | April 12, 2018 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,335,000 shares (aggregating up to ₹5.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 69,000 shares |
Vera Synthetic Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 863.60 | 731.78 | 705.79 | 850.54 | 909.84 | |
| Total Revenue | 1,844.22 | 2,195.12 | 2,449.42 | 1,975.76 | 2,202.59 | |
| Profit After Tax | 34.43 | 27.40 | 4.78 | 32.86 | 18.00 | |
Vera Synthetic IPO Listing Details
| Listing Date | April 12, 2018 |
| BSE Script Code | |
| NSE Symbol | VERA |
| ISIN | INE709Z01015 |
| Final Issue Price | ₹40 per share |
Company Profile
Vera Synthetic Limited, located in Gujarat, was set up in the year 2000 and makes Hi-Mod fishing nets, PP ropes, yarns, near and twines. It is manufactured and made in-house or sold under the “Sujlon” brand name. Along with the fishing industry and other related activities, these materials are the most commonly produced. Vera’s product portfolio is limited to an offshore range right now. The firm has contacts among the dealers, traders, and distributors, who are based nationwide. It provides its commodities either directly to the producers, i.e. fishermen and traders or through its distribution channel, which is spread over
Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan and other states.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Vera Synthetic Limited |
| Phone number | 0278-2525434 |
| Email ID | [email protected] |
| Website | sujlonropes.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vera Synthetic IPO FAQs
When Vera Synthetic IPO will open?
The Vera Synthetic IPO opens on March 28, 2018 and closes on April 4, 2018.
What is the lot size of Vera Synthetic IPO?
Vera Synthetic IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
When is Vera Synthetic IPO allotment?
The finalization of Basis of Allotment for Vera Synthetic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Vera Synthetic IPO listing date?
The Vera Synthetic IPO listing date is on April 12, 2018.
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