✓
Open
28 Mar to 4 Apr, 2018
✓
Close
28 Mar to 4 Apr, 2018
3
Allotment
—
✓
Listing
Thu, Apr 12, 2018
Price Band
₹40 per share
Issue Size
13,35,000 shares (agg. up to ₹5 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Apr 12, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.34x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 10.45 | 8.64 | 7.32 | 7.06 |
| Total Income | 9.72 | 18.44 | 21.95 | 24.49 |
| Profit After Tax | -1.03 | 0.34 | 0.27 | 0.05 |
| EBITDA | -0.61 | 0.95 | ||
| NET Worth | 3.78 | 4.81 | 4.47 | 4.20 |
| Reserves and Surplus | 1.98 | 3.01 | 2.67 | 2.40 |
| Total Borrowing | 3.13 | 0.85 | 0.81 | 1.27 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Angel Fibers Ltd. | SME | ₹18.22 Cr | ₹27 | null | ₹27.10 | +0.37% | ₹10.60 (+7.61%) |
| Gujarat Hy-Spin Ltd. | SME | ₹4.45 Cr | ₹10 | null | ₹10.81 | +8.10% | ₹9.36 (+4.00%) |
| S K S Textiles Ltd. | SME | ₹13.32 Cr | ₹150 | null | ₹133.35 | -11.10% | (+0.00%) |
| Trident Texofab Ltd. | SME | ₹3.53 Cr | ₹30 | null | ₹68.00 | +126.67% | ₹31.44 (-1.53%) |
| AKM Lace & Embrotex Ltd. | SME | ₹4.76 Cr | ₹25 | null | ₹24.90 | -0.40% | ₹1,163.05 (-0.02%) |
| Pashupati Cotspin Ltd. | SME | ₹20.88 Cr | ₹75 | null | ₹75.00 | +0.00% | ₹87.07 (+0.46%) |
| Globe Textiles (India) Ltd. | SME | ₹13.71 Cr | ₹51 | null | ₹50.15 | -1.67% | ₹2.12 (-2.30%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 3.84 |
| 2 | General corporate purposes | 1.00 |
About Vera Synthetic IPO
Incorporated 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.The company's manufacturing facility is divided into two units namely Division I and Division II (situated at Mamsa, Gujarat). As on January 31, 2018, the Company had 88 employees on its payroll.+ Read More
Contact Details
Vera Synthetic Ltd. AddressOffice No.UL-27Pattani Plaza, DevubagDairy Road, BhavnagarBhavnagar, Gujarat, 3640020278-2525434info@sujlonropes.comVisit Website