Thursday, December 22, 2016

Veeram Ornaments BSE SME IPO to open on Dec 23rd

Veeram Ornaments Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 1,137,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 45.

Veeram Ornaments Limited is engaged in the design, manufacture, and wholesaler of jewellery and ornaments. It provides gold and silver jewellery products, including rings, bracelets, necklaces, ear chains, earrings, pendants, chains, mangalsutras, zudas, toe rings, anklets, bangles, etc. with or without studded precious and semi-precious stones. The company sells its products to jewellery retailers in Ahmedabad.

The issue opens on Dec 23, 2016 and closes for subscription on Dec 28, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.

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