IPO : Veekayem Fashion and Apparels Limited

Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing. The company’s product portfolio includes two main product categories: 

1.Textile – The company manufactures Greige Fabrics including 100% Cotton – Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen

2. Garments –  The company manufacture all types of readymade garments for men and women, such as formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pyjamas and Bermuda.

Veekayem Fashion’s manufacturing facility is situated at Umargaon in the state of Gujarat. The manufacturing facility is installed with automated machinery capable of manufacturing 5,00,000 meters of fabric per month and 1,50,000 pcs of readymade garments per month. High-speed weaving machines and well-equipped workers helps VKM textile industry to produce first-rate quality of fabric garments.  

Competitive Strength:

  • Scalable Business Model.
  • Product mix and Market mix.
  • Cost-effective production and timely fulfilment of orders.
  • Wide sales and distribution network.

Objectives of the Issue :

  • The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

a) Funding the working capital requirements of the company.

b) General Corporate Purposes.

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