Veeram Ornaments Ltd IPO

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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.
They are also in the trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Gold & silver traditional jewellery & ornaments are either made with kundan, gemstones, American diamonds etc or just plain gold or silver. They buy their raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold are generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw materials like kundan, gems stones, American diamonds etc are purchased from their suppliers.

Veeram Ornaments Ltd IPO Stock Quote & Charts



  • Open: 42.00
  • High - Low: 42.00 - 42.00
  • Previous Close: 42.00
  • Total Traded Volume: 7500
  • Updated On: 28-Jan-2020

Objects of the Veeram Ornaments Ltd IPO:

1. To meet additional Working Capital Requirements 2. To Meet the Issue Expenses

Veeram Ornaments Ltd IPO Details:

Open Date: Dec 23 2016
Close Date: Dec 28 2016
Total Shares: 1,137,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 5.12 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 45 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 05 2017

Promoters And Management:

1. Mr. Rakshit Mahendra Shah 2. Mrs. Pinal Rakshit Shah

Lead Manager of Veeram Ornaments Ltd IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Veeram Ornaments Ltd IPO:

  1. Karvy Computershare Private Limited

Company Address:

Veeram Ornaments Limited Shop No. 2 Naroda Pride, Nr. Padmavati Society, Ahmedabad Phone: +91 9925266150 Fax: +91 9925266150 Email: Website:

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