IPO

Visaman Global Sales Limited IPO

NSE SME

Listed On: Jul 1, 2024 at ₹ 45.1

₹ 258000 /6000 Shares
*Min Investment

Check Allotment

24 Jun, 2024

Open Date

26 Jun, 2024

Close Date

27 Jun, 2024

Allotment Date

01 Jul, 2024

Listing Date
Visaman Global Sales Limited IPO Issue Details
  • Issue Price ₹43 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 37,32,000 shares(aggregating up to ₹16.05 crore)
  • Fresh Share 37,32,000 shares(aggregating up to ₹16.05 crore)
  • Listing at NSE SME
  • List Price 45.1
  • Listing Date 2024-07-01
  • Lead Manager Shreni Shares Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)13000₹1,29,000
Retail(max)13000₹1,29,000
NII (min) 26000₹2,58,000
Visaman Global Sales Limited IPO Reservation

Visaman Global Sales Limited IPO offers total 3,732,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,770,000 (47.43%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered192,000 (5.14%)
Retail Shares Offered1,770,000 (47.43%)
Total Shares Offered3,732,000 (100%)
Visaman Global Sales Limited IPO Documents
DRHP
RHP
Visaman Global Sales Limited IPO Details


Visaman Global Sales Limited IPO is an SME IPO, priced at ₹43 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 37,32,000 equity shares, aggregating up to ₹16.05 crores..

The IPO bidding window is open from Jun 24, 2024 to Jun 26, 2024. The allotment is expected to be finalized on Jun 27, 2024, and the tentative listing date is Jul 1, 2024.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,29,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,58,000.

Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Shreni Shares Limited will act as the market maker for this issue.

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Visaman Global Sales Limited IPO Subscription Analysis And Details
Retail
51.54x
Total
39.88x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,770,0001,770,0003,540,000
Day 1 24-06-24 06:00 PM
0.28 x1.81 x1.05 x
Day 2 25-06-24 06:00 PM
1.65 x8.93 x5.30 x
Day 3 26-06-24 06:00 PM
28.22 x51.54 x39.88 x
Total No of Applications
30,407
Visaman Global Sales Limited Valuations
EPS Pre IPO ₹1.12/-
EPS Post IPO ₹0.98/-
P/E Pre IPO 38.25
P/E Post IPO 43.84
ROE 9.28%
ROCE 8.02%
Debt/Equity 5.20
RoNW 9.28%
PAT Margin 0.49
Price to Book Value 3.96
Visaman Global Sales Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets5,863.953,982.422,727.20
Revenue37,605.0132,407.2913,636.19
Profit After Tax113.3394.6633.47
Net Worth993.70660.38565.72
Reserves & Surplus293.70180.3885.72
Total Borrowing4,345.691,386.10710.34
About Visaman Global Sales Limited Company

Visaman Global Sales Limited was incorporated in June 2019 and is engaged in selling a large number of products that include 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.

Company providing customization according to the specific demands of customers towards product size as well as their dimensions.Organization certified with ISO 9001:2015.

Company owned ware houses in states Gujarat and also Madhya Pradesh besides having own stockyard situated in Gujarat.

Until as of March 15,2024,  there are  41 strength employees working out in offices, stock yards under company.

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Visaman Global Sales Limited - Promoter(s)

Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.98%

Visaman Global Sales Limited IPO - Issue Objectives
1

Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India

2

Funding Working Capital Requirements of the company

3

General corporate purposes.

Visaman Global Sales Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Visaman Global Sales Limited1.12N/A14.238.3911.43.03Standalone
Shree Marutinandan Tubes Ltd90.36N/A137.52.5465.711.67Standalone
Swastik Pipe Limited4.53N/A89.6716.14.350.81Standalone
Hi-tech Pipes Limited3.06N/A32.7142.789.044Consolidated

Notes:

  1. The P/E Ratio has been computed based on their respective closing market price on June 14, 2024, divided by the Basic EPS as of March 31, 2023.
  2. CMP is the closing price or the last traded price of respective scripts as of June 14, 2024.
  3. Our company, in consultation with the Lead Manager, determined the issue price, which is justified based on the above parameters.
Contact Details

Visaman Global Sales Limited

C/o., Jain Traders, 8, Sorathiawadi, Near Narmada, 80 Feet Road, Rajkot- 360002

+91 90237 30627

cs@visamansales.com

https://visamanglobalsales.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

visamanglobal.smeipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html