Veekayem Fashion & Apparels Ltd - IPO

Veekayem Fashion & Apparels Ltd IPO Details

Initial public offer of 15,84,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Veekayem Fashion and Apparels Limited (the Company or VFAL or Issuer) at an issue price of Rs. 28/- per equity share (including a share premium of Rs. 18/- per equity share) for cash, aggregating Rs. 4.44 crores (Public Issue) out of which 80,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 28/- per equity share for cash, aggregating Rs. 0. 22 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 15, 04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 28/- per equity share for cash, aggregating Rs. 4.21 crores is here inafter referred to as the Net Issue. The public issue and net issue will constitute 26.96% and 25.60% respectively of the postissue paid-up equity share capital of the company.

Objective of issue

Funding the working capital requirements of the company. General corporate purposes.

Veekayem Fashion & Apparels Ltd Contact Details

Veekayem Fashion & Apparels Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@vkmgroups.biz

Website - www.vkmgroups.com