Visaman Global Sales Limited IPO
NSE SMEListed On: Jul 1, 2024 at ₹ 45.1
₹ 129000 /3000 Shares
Check Allotment24 Jun, 2024
Open Date26 Jun, 2024
Close Date27 Jun, 2024
Allotment Date01 Jul, 2024
Listing DateIssue Price
₹43 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdList Price
45.1Listing Date
2024-07-01Market Lot
3000 Shares (₹129,000/-)Lead Manager
Shreni Shares LimitedIssue Size
3,732,000 shares(aggregating up to ₹16.05 Cr)Retail Portion
50%Subscription
39.88 timesVisaman 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.
Visaman Global Sales Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,770,000 | 1,770,000 | 3,540,000 |
| Day 1 - 24-06-24 06:00 PM | 0.28 x | 1.81 x | 1.05 x |
| Day 2 - 25-06-24 06:00 PM | 1.65 x | 8.93 x | 5.30 x |
| Day 3 - 26-06-24 06:00 PM | 28.22 x | 51.54 x | 39.88 x |
Visaman Global Sales Limited Valuations
EPS Pre IPO
₹1.12/-EPS Post IPO
₹0.98/-P/E Pre IPO
38.25P/E Post IPO
43.84ROE
9.28%ROCE
8.02%Debt/Equity
5.20RoNW
9.28%PAT Margin
0.49Price to Book Value
3.96Visaman Global Sales Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,863.95 | 3,982.42 | 2,727.20 |
| Revenue | 37,605.01 | 32,407.29 | 13,636.19 |
| Profit After Tax | 113.33 | 94.66 | 33.47 |
| Net Worth | 993.70 | 660.38 | 565.72 |
| Reserves & Surplus | 293.70 | 180.38 | 85.72 |
| Total Borrowing | 4,345.69 | 1,386.10 | 710.34 |
About The 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.
Visaman Global Sales Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 72.98%
- Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
Visaman Global Sales Limited IPO - Issue Objectives
- Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
- Funding Working Capital Requirements of the company
- General corporate purposes.
Other Details
Visaman Global Sales Limited
C/o., Jain Traders, 8, Sorathiawadi, Near Narmada, 80 Feet Road, Rajkot- 360002Link 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
Visaman Global Sales Limited IPO - FAQs
Ans. Visaman Global Sales Limited IPO is a SME IPO. The issue is priced at ₹43 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jun 24, 2024, and closes on Jun 26, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Visaman Global Sales Limited IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.
Ans. The size of Visaman Global Sales Limited IPO is 3,732,000 shares(aggregating up to ₹16.05 Cr).
Ans. The IPO price band is set between ₹43 per equity share.
Ans. To apply for Visaman Global Sales Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Visaman Global Sales Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Visaman Global Sales Limited IPO is Jun 27, 2024.
Ans. The Visaman Global Sales Limited IPO will be listed on Jul 1, 2024.
Ans. Follow the steps to check the allotment status for Visaman Global Sales Limited IPO here.
