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Veekayem Fashion and Apparels Limited IPO

Veekayem Fashion and Apparels Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 49.90 (+78.21%)

Having completed its public offering, Veekayem Fashion and Apparels Limited's is now listed and trading on the NSE exchange as of 22-08-2022. The IPO raised cumulative capital of 15,84,000 Shares, including 15,84,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹28 to ₹28 and minimum investment requirement of 4000 shares. subscription activity between 05-08-2022 and 11-08-2022 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 18-08-2022 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Veekayem Fashion IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Veekayem Fashion IPO Key Performance Indicator
Company Financials ( In Lakhs )

Veekayem Fashion IPO About Company

Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in weaving and garment manufacturing, offering a diverse product portfolio across two main categories: textiles—producing Greige Fabrics such as 100% Cotton (Lycra and Non-Lycra), Giza, Supima, Chief Value Cotton, Polyester Cotton, Yarn-Dyed Cotton, Polyester Viscose, Terry Rayon Suiting, and Mock Linen—and garments, manufacturing a wide range of men’s and women’s readymade apparel including formal and cotton shirts, trousers, joggers, shorts, pyjamas, and Bermuda. The company operates a fully equipped manufacturing facility in Umargaon, Gujarat, with automated machinery capable of producing 5,00,000 meters of fabric and 1,50,000 readymade garments per month.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Veekayem Fashion IPO Strength Factors

  1. Consistent Quality & Service: Maintains high standards in fabric and garment production, ensuring customer satisfaction.
  2. Scalable Business Model: Equipped with advanced manufacturing facilities to support business growth and expansion.
  3. Diverse Product & Market Mix: Offers a variety of textiles and garments, catering to different customer segments.
  4. Cost-Effective & Timely Delivery: Efficient production processes ensure affordability and on-time order fulfillment.
  5. Experienced Leadership & Skilled Workforce: Managed by an expert team with a dedicated employee base.
  6. Strong Sales & Distribution Network: Wide market reach, ensuring product availability across multiple regions.

Veekayem Fashion IPO Risk Factors

NA


Veekayem Fashion IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

Veekayem Fashion IPO Promoter(s)

  1. Krishankant Gupta
  2. Vijaykumar Gupta
  3. Madanlal Gupta

Veekayem Fashion IPO Company Details

Veekayem Fashion and Apparels Limited
Phone:
address:

Veekayem Fashion IPO Registrar

KFin Technologies Limited
Name:
Phone:

Veekayem Fashion IPO FAQs