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Visaman Global Sales IPO is a fixed price issue of Rs 16.05 crores. The issue is entirely a fresh issue of 37.32 lakh shares.
Visaman Global Sales IPO bidding started from June 24, 2024 and ended on June 26, 2024. The allotment for Visaman Global Sales IPO was finalized on Thursday, June 27, 2024. Visaman Global Sales IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024.
Visaman Global Sales IPO price is ₹43 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹129,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹258,000.
Shreni Shares Limited is the book running lead manager of the Visaman Global Sales IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Visaman Global Sales IPO is Shreni Shares.
Refer to Visaman Global Sales IPO RHP for detailed information.
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Fresh Issue | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,079,999 |
| Share holding post issue | 13,811,999 |
| Market Maker portion | 192,000 shares Shreni Shares |
Visaman Global Sales IPO offers 3,732,000 shares. 1,770,000 (47.43%) to NII, 1,770,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.14%) |
| Other Shares Offered | 1,770,000 (47.43%) |
| Retail Shares Offered | 1,770,000 (47.43%) |
| Total Shares Offered | 3,732,000 (100%) |
Visaman Global Sales IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹129,000 |
| Retail (Max) | 1 | 3000 | ₹129,000 |
| HNI (Min) | 2 | 6,000 | ₹258,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.98% |
Incorporated in June 2019, Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, roofing PUF panel, and wall PUF panel.
The company offers customization to meet specific customer requirements for product size and dimensions.
The company is an ISO 9001:2015 certified organization.
The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh.
As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.
Visaman Global Sales Limited's revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,001.69 | 5,863.95 | 3,982.42 | 2,727.20 |
| Revenue | 20,691.39 | 37,605.01 | 32,407.29 | 13,636.19 |
| Profit After Tax | 101.61 | 113.33 | 94.66 | 33.47 |
| Net Worth | 1,095.31 | 993.70 | 660.38 | 565.72 |
| Reserves and Surplus | 395.31 | 293.70 | 180.38 | 85.72 |
| Total Borrowing | 5,690.85 | 4,345.69 | 1,386.10 | 710.34 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Visaman Global Sales IPO is Rs 59.39 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt/Equity | 5.2 |
| RoNW | 9.28% |
| P/BV | 3.96 |
| PAT Margin (%) | 0.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.12 | 0.98 |
| P/E (x) | 38.25 | 43.84 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in the business of trading in pipes/sheets/coils of various metals. It depends on third party supply. It posted average earnings on growing topline indicating the nature of business as “High Volume – Low margin”. Based on FY24 annualized earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented business. There is no harm in skipping this high risk pricey issue. Read detail review...
The Visaman Global Sales IPO is subscribed 42.20 times on June 26, 2024 6:18:59 PM. The public issue subscribed 51.54 times in the retail category, times in the QIB category, and 28.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 28.12 |
| Retail | 51.54 |
| Total | 42.20 |
Total Application : 30,407 (51.54 times)
Visaman Global Sales Limited
C/o., Jain Traders, 8, Sorathiawadi
Near Narmada, 80 Feet Road,
Rajkot- 360002
Phone: +91 90237 30627
Email: cs@visamansales.com
Website: https://visamanglobalsales.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: visamanglobal.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Visaman Global Sales IPO is a SME IPO of 3,732,000 equity shares of the face value of ₹10 aggregating up to ₹16.05 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000 Shares.
The IPO opens on June 24, 2024, and closes on June 26, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Visaman Global Sales IPO using UPI as a payment gateway. Zerodha customers can apply in Visaman Global Sales IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Visaman Global Sales IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Visaman Global Sales IPO opens on June 24, 2024 and closes on June 26, 2024.
Visaman Global Sales IPO lot size is 3000 Shares, and the minimum amount required is ₹129,000.
You can apply in Visaman Global Sales IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Visaman Global Sales IPO will be done on Thursday, June 27, 2024, and the allotted shares will be credited to your demat account by Friday, June 28, 2024. Check the Visaman Global Sales IPO allotment status.
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