Vera Synthetic Ltd IPO Details

Vera Synthetic Ltd was established in 2000, Gujarat based Vera Synthetic Limited is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. The company manufactures and market its products under its flagship brand "Sujlon". The products are primarily used in fishing sector and other allied use thereon. At present Vera caters only to domestic markets.

The company has dealers, traders and distributors spread across different regions of the Country. It sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, West Bengal, Delhi, Bihar, Rajasthan, etc
Vera Synthetic Ltd IPO Details
Issue Open 28-03-2018
Issue Close 04-04-2018
Allotment Date 10-04-2018
Unblocked Amount 11-04-2018
Listing Date 12-04-2018
Issue Share 13,35,000 Total Equity Share
69,000 Reserved by Market Maker
Issue Size ₹ 5.34 Cr
IPO Price Band ₹ 40
Minimum Share Bid 3000
Minimum Investment Amount [Rs]  ₹ 1,20,400
Face Value ₹ 10
Retail Allocation 50%
Listing On NSE SME
Premium [Per Share] NA
Average Earning Per Share NA
Expected Listing Gain ₹ 11000
Vera Synthetic Ltd IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 22.03 21.52 0.18
FY-2014 19.76 19.28 0.33
FY-201524.49 24.09 0.04
FY-2016 21.95 21.55 0.27
FY-2017 18.44 17.94 0.34
Dec-FY-2017 9.72 10.75 -1.03
Vera Synthetic Ltd IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 6,33,000 6,33,000 12,66,000
Day-1 [28-03-2018] 6,48,000 [0.12] 2,97,000 [0.47]9,45,000 [0.75]
Day-2 [02-04-2018] 7,14,000 [1.13] 5,73,000 [0.91] 12,87,000 [1.02]
Day-3 [03-04-2018] 14,31,000 [1.13] 9,60,000 [1.52] 23,91,000 [1.89]
Day-4 [04-04-2018] 20,82,000 [3.29] 23,85,000 [3.77] 44,67,000 [3.53]
Vera Synthetic Ltd IPO Valuation Details
Earnings Per Share [EPS] ₹ 0.96
Price/Earnings [P/E] Ratio 41.67
Return on Net Worth [RoNW] 7.15 %
Net Asset Value [NAV] ₹ 13.37 Per Share
Vera Synthetic Ltd IPO Contact Details
Vera Synthetic Ltd
Office No. UL-27, Pattani Plaza,
Devubag, Dairy Road,
Bhavnagar – 364002,
Gujarat, India
Corporate Identification Number: U17110GJ2000PLC037369
Tel. No.:0278 - 2525434
Fax No. 0278-2883029
Registrar of Vera Synthetic Ltd IPO
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai- 400083
Tel: 022-49186200
Fax: 022-49186195
Investor Grievance Id:
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Lead Managers of Vera Synthetic Ltd IPO
406-408, Keshva Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Investor Grievance Id:
Contact Person: Unmesh Zagade
SEBI Registration No:INM000012110
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Vera Synthetic Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral

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