VEER GLOBAL INFRACONSTRUCTION LIMITEDcontent.acesphere.com/IPO/Dp/Dp1852.pdf · veer global infraconstruction limited Our Company was incorporated as ‘Veer Global Infraconstruction
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Draft Prospectus Dated: August 17, 2020 Please read section 26 of the Companies Act, 2013 Fixed Price Issue VEER GLOBAL INFRACONSTRUCTION LIMITED Our Company was incorporated as ‘Veer Global Infraconstruction Limited’ pursuant to a certificate of incorporation dated Janu ary 11, 2012 issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC”), as a public limited company under the Companies Act, 1956. Our Company has obtained certificate of commencement of business on February 06, 2012 from the Registrar of Companies, Maharashtra at Mumbai. For further details relating to the changes in the registered office and name of our Company, please see Chapter titled “Error! Reference source not found.” beginning on page 147. Registered Office: Shop No 47 Shalibhadra Regency Shalibhadra Nagar, 100 Feet Road, Behind Union Bank, Nalasopara (E), Thane-401 209, Maharashtra India Telephone No.: +91 8484817311; Website: www.veergloballtd.com Contact Person: Ms. Deepali Chundawat , Company Secretary and Compliance Officer; Telephone No.: +91 8484817311; E-mail: [email protected]Corporate Identity Number: U45309MH2012PLC225939 PROMOTERS OF THE COMPANY : MR. VIJAYBHAI VAGJIBHAI BHANSHALI, MRS. ANITA BHANSHALI, MR. VINOD MOHANLAL JAIN, MR. MUKESH CHUNILAL JAIN, MR. ABHISHEK MUKESH JAIN, AND MR. PRIYANK CHANDRAKANT PARIKH THE ISSUE INITIAL PUBLIC ISSUE OF UPTO 17,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF VEER GLOBAL INFRACONSTRUCTION LIMITED (THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF RS. [●]/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. [●]/- PER EQUITY SHARE (THE “ISSUE PRICE”) AGGREGATING TO RS. [●]LAKHS (“THE ISSUE”), OF WHICH [●] EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. [●]/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF [●]/- PER EQUITY SHARE AGGREGATING TO RS. [●] LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE “MARKET MAKER RESERVATION PORTION”). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF UPTO [●] EQUITY SHARES OF FACE VALUE OF 10 EACH AT A PRICE OF RS. [●]/- PER EQUITY SHARE AGGREGATING TO RS. [●] LAKHS IS HEREIN AFTER REFERRED TO AS THE “NET ISSUE”. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE [●] % AND [●] % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, SEE “TERMS OF THE ISSUE” BEGINNING ON PAGE 270 OF THIS DRAFT PROSPECTUS. THIS ISSUE IS BEING IN TERMS OF CHAPTER IX OF THE SEBI (ICDR) REGULATIONS, 2018 AS AMENDED FROM TIME TO TIME. All potential investors shall participate in the Issue through an Application Supported by Blocked Amount (“ASBA”) process in cluding through UPI mode (as applicable) by providing details about the bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) for the same. For details in this regard, specific attention is invited to “Issue Procedure” on page 278 of this Draft Prospectus. A copy of Draft Prospectus will be delivered to the Registrar of Companies for filing in accordance with Section 26 of the Companies Act, 2013. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS [●] TIMES OF THE FACE VALUE. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 (THE “SEBI ICDR REGULATIONS”), AS AMENDED. IN TERMS OF RULE 19(2)(B)(I) OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED (THE “SCRR”), THIS ISSUE IS BEING MADE FOR AT LEAST 25% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED “ISSUE PROCEDURE” BEGINNING ON PAGE NO. 278 OF THIS DRAFT PROSPECTUS. RISKS IN RELATION TO THE FIRST ISSUE This being the first Public Issue of our Company, there has been no formal market for the securities of our Company. The face value of the shares is Rs.10.00 per Equity Shares and the Issue price is [●] times of the face value. The Issue Price (as determined by our Company in consultation with the Lead Manager to Issue) as stated in the chapter titled on “Basis for Issue Price” beginning on page 92 of the Draft Prospectus should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the equity shares of our Company or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this offering. For taking an investment decision, investors must rely on their own examination of our Company and the Issue including the risks involved. The Equity Shares offered in the Issue have neither been recommended nor approved by Securities and Exchange Board of India nor does Securities and Exchange Board of India guarantee the accuracy or adequacy of this Draft Prospectus. Specific attention of the investors is invited to the section titled “Risk Factors” beginning on page 23 of this Draft Prospectus. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this Prospectus contains all information with regard to our Company and the Issue, which is material in the context of the Issue, that the information contained in this Draft Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Draft Prospectus as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. LISTING The Equity Shares offered through this Draft Prospectus are proposed to be listed on SME Platform of BSE Limited ("BSE SME"). In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received an approval letter dated [●], 2020 from BSE Limited for using its name in this offer document for listing of our shares on the BSE SME. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited. LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE CAPITALSQUARE ADVISORS PRIVATE LIMITED 208, 2nd Floor, AARPEE Center, MIDC Road No 11, CTS 70, Andheri (E ), Mumbai 400093 Maharashtra Tel: +91-22-66849999/9874283532 Website: www.capitalsquare.in Email / Investor Grievance Id: [email protected][email protected]Contact Person: Mr. Tanmoy Banerjee SEBI Registration No: INM000012219 PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Opp. Kasturba Hospital Lane, Lower Parel (E) Mumbai – 400011, Maharashtra Tel: 022 2301 2518 / 8261, Email/ Investor Grievance E-mail: [email protected]Website: www.purvashare.com Contact Person: Ms. Deepali Dhuri - Compliance Officer SEBI Registration No: INR000001112 ISSUE PROGRAMME ISSUE OPENS ON: [●] ISSUE CLOSES ON: [●]
