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-2015	24.49	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 Email: info@sujlonropes.com Website: www.sujlonropes.com

Registrar of Vera Synthetic Ltd IPO
LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400083 India Tel: 022-49186200 Fax: 022-49186195 Website: www.linkintime.co.in Investor Grievance Id: verasynthetics.ipo@linkintime.co.in Contact Person: Ms. Shanti Gopalkrishnan SEBI Registration Number: INR000004058

Lead Managers of Vera Synthetic Ltd IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 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 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110

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Vera Synthetic Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral