Veekayem Fashion and Apparels Limited is engaged in weaving and manufacturing of garments. The company’s product portfolio includes two main product categories: The textile company produces Greige fabrics including 100% cotton – Lycra and Non-Lycra, Giza, Supima, Combined cotton suits – Cotton of the highest value, Polyester cotton, 100% cotton yarn dyed, Polyester viscose, Terry Rayon Suiting and Mock Linen and Garments company manufactures all types of ready-to-wear for men and women such as dress shirts, cotton shirts, dress pants, cotton trousers, cotton joggers, cotton shorts, pajamas and Bermudas.
Veekayem Fashion’s manufacturing facility is located in Umargaon, Gujarat. The manufacturing facility is equipped with automated machinery capable of producing 5,00,000 meters of fabric per month and 1,50,000 pieces of ready-to-wear per month.
Competitive Strength
- Consistency in Quality and Service Standards.
- Product mix and Market mix.
- Scalable Business Model.
- Experienced management and dedicated employee base.
- Cost-effective production and timely fulfilment of orders.
- Wide sales and distribution network.
Company Promoters
- Krishankant Gupta
- Vijaykumar Gupta
- Madanlal Gupta
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 | 31 March 2019 |
|---|---|---|---|---|
| Total Assets | 13267.19 | 12351.95 | 12090.4 | 11789.3 |
| Total Revenue | 14947.02 | 7670.06 | 21571.46 | 20317.36 |
| Profit After Tax | 188.54 | 35.25 | 109.1 | 228.31 |
Object Of The Issue
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Veekayem Fashion and Apparels IPO – Details
| IPO Opening Date | 05 August 2022 |
| IPO Closing Date | 11 August 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹4.44 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹28 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares |
| Listing At | NSE SME |
| Register | KFin Technologies Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Veekayem Fashion and Apparels IPO – Date Schedule
| IPO Open Date | 05 Aug 2022 |
| IPO Close Date | 11 Aug 2022 |
| Basis of Allotment Date | 17 Aug 2022 |
| Initiation of Refunds | 18 Aug 2022 |
| Credit of Shares to Demat Account | 19 Aug 2022 |
| IPO Listing Date | 22 Aug 2022 |
Veekayem Fashion and Apparels IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 4000 | 1,12,000 |
| Maximum | 1 | 4000 | 1,12,000 |
Veekayem Fashion and Apparels IPO Promoter Holding
| Pre Issue Share Holding | 54.31% |
| Post Issue Share Holding | 39.67% |
Veekayem Fashion and Apparels IPO Prospectus
Company Contact Information
| Veekayem Fashion and Apparels Limited 113, Udyog Bhavan, Sharma Ind. Estate, Walghat Road, Goregaon East, Mumbai, India – 400 063 Phone: +91 22 4035 1481 Email: cs@vkmgroups.biz Website: https://www.vkmgroups.com/ |
Veekayem Fashion and Apparels IPO Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: veekayem.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Veekayem Fashion and Apparels IPO Lead Manager(s)
| 1. GYR Capital Advisors Limited |
Veekayem Fashion and Apparels IPO FAQs
| What is Veekayem Fashion and Apparels IPO? Veekayem Fashion and Apparels IPO is a SME IPO. The issue is priced at ₹28 per equity share. The IPO is to be listed on NSE SME. |
| When Veekayem Fashion and Apparels IPO will open? The IPO is to open on 05 Aug 2022 for NII and Retail Investors. |
| What is Veekayem Fashion and Apparels IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Veekayem Fashion and Apparels IPO? You can apply Veekayem Fashion and Apparels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Veekayem Fashion and Apparels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Veekayem Fashion and Apparels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Veekayem Fashion and Apparels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Upsurge Seeds of Agriculture”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Veekayem Fashion and Apparels IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Veekayem Fashion and Apparels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Veekayem Fashion and Apparels IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Veekayem Fashion and Apparels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Veekayem Fashion and Apparels IPO Size? Veekayem Fashion and Apparels IPO size is ₹4.44 crores. |
| What is Veekayem Fashion and Apparels IPO Price Band? Veekayem Fashion and Apparels IPO Price Band is ₹28. |
| What is Veekayem Fashion and Apparels IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,12,000 amount while the maximum bid is 4000 shares with ₹1,12,000. |
| What is the Veekayem Fashion and Apparels IPO Allotment Date? Veekayem Fashion and Apparels IPO allotment date is 17 Aug 2022. |
| What is the Veekayem Fashion and Apparels IPO Listing Date? Veekayem Fashion and Apparels IPO listing date is 22 Aug 2022. The IPO is to list on NSE SME. |
