The Vera Synthetic date has been confirmed from March 28, 2018 and ended on April 4, 2018.
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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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. 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, situated in Gujarat, was founded in 2000 and produces fishing nets, PP yarns, PP/HDPE ropes, PP twines, and niwar. The company makes and sells its items under the “Sujlon” name. The items are largely used in the fishing industry and other related applications. Vera currently only serves domestic markets. The company has dealers, traders, and distributors located throughout the country. It offers its products to traders/fishermen directly or through its distribution network throughout 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 | verasynthetics.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Vera Synthetic Limited |
| Phone number | 0278-2525434 |
| Email ID | info@sujlonropes.com |
| Website | sujlonropes.com |
IPO Strenghts
- 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.
