Visaman Global Sales Limited IPO

NSE SME

Listed On: Jul 1, 2024 at ₹ 45.1

₹ 129000 /3000 Shares

Check Allotment

Visaman Global Sales Limited IPO Details

24 Jun, 2024

Open Date

26 Jun, 2024

Close Date

27 Jun, 2024

Allotment Date

01 Jul, 2024

Listing Date

Issue Price

₹43 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

45.1

Listing Date

2024-07-01

Market Lot

3000 Shares (₹129,000/-)

Lead Manager

Shreni Shares Limited

Issue Size

3,732,000 shares(aggregating up to ₹16.05 Cr)

Retail Portion

50%

Subscription

39.88 times

IPO Docs

DRHP RHP

The IPO of Visaman Global Sales Limited is priced at ₹43 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Link Intime India Private Ltd is the registrar of the issue.

Visaman Global Sales Limited IPO bid opening date is from Jun 24, 2024 and the bid closing date was Jun 26, 2024.
Visaman Global Sales Limited IPO allotment result will be available on Jun 27, 2024. The tentative listing date for Visaman Global Sales Limited is Jul 1, 2024.

The total issue size is 3,732,000 shares(aggregating up to ₹16.05 Cr).

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

Total No. of Applications: 30,407 (Approx)

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 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%

Company Promoter(s)

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

Company Contact Details

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/

Registrar Contact Details

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

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.