Visaman Global Sales Limited IPO
Visaman Global Sales Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹43 per share. The stock debuted at ₹45.1, delivering a listing gain of 4.9%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,29,000.
Visaman Global Sales Limited IPO
- IPO Dates
- Jun 24, 2024 – Jun 26, 2024
- Price band
- ₹43 per equity share
- Minimum Investment
- ₹1,29,000
- Issue size
- ₹16.05 Cr
- Lot size
- 3000
- Allotment Date
- Jun 27, 2024
- Listing
- Jul 1, 2024
- Listing At
- NSE SME
IPO timeline
-
Jun 24, 2024
Open Date
Completed
-
Jun 26, 2024
Close Date
Completed
-
Jun 27, 2024
Allotment Date
Completed
-
Jul 1, 2024
Listing Date
Completed
Visaman Global Sales Limited IPO Essentials
Visaman Global Sales Limited IPO Details
Visaman Global Sales Limited IPO is priced at ₹43 per share with a total issue size of 16.05 crore. The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹43 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,732,000 shares(aggregating up to ₹16.05 Cr)
- Total issue size
- 37,32,000 shares
(aggregating up to ₹16.05 crore) - Fresh issue
- 37,32,000 shares
(aggregating up to ₹16.05 crore) - Listing at
- NSE SME
- List price
- 45.1
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Shreni Shares Limited
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,29,000 |
| Retail(max) | 1 | 3000 | ₹1,29,000 |
| NII (min) | 2 | 6000 | ₹2,58,000 |
Visaman Global Sales Limited IPO Reservation
Visaman Global Sales Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,732,000 shares, approximately 47.43% for retail investors, and 5.14% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 192,000 (5.14%) | |
| Retail Shares Offered | 1,770,000 (47.43%) | |
| Total Shares Offered | 3,732,000 (100%) |
Visaman Global Sales Limited IPO Analytics
Visaman Global Sales Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Visaman Global Sales Limited IPO Subscription Status
Visaman Global Sales Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.12/-
- EPS Post IPO
- ₹0.98/-
- P/E Pre IPO
- 38.25
- P/E Post IPO
- 43.84
Returns
- ROE
- 9.28%
- ROCE
- 8.02%
- RoNW
- 9.28%
- PAT Margin
- 0.49
Fundamentals
- Debt / Equity
- 5.20
- Price / Book
- 3.96
Visaman Global Sales Limited Financials( In Lakhs)
| 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 |
Visaman Global Sales Limited Company & Offer Insights
About Visaman Global Sales Limited
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)
Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N. are the company's promoters of Visaman Global Sales Limited.
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.
Visaman Global Sales Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Visaman Global Sales Limited | 1.12 | N/A | 14.2 | 38.39 | 11.4 | 3.03 | Standalone |
| Shree Marutinandan Tubes Ltd | 90.36 | N/A | 137.5 | 2.54 | 65.71 | 1.67 | Standalone |
| Swastik Pipe Limited | 4.53 | N/A | 89.67 | 16.1 | 4.35 | 0.81 | Standalone |
| Hi-tech Pipes Limited | 3.06 | N/A | 32.71 | 42.78 | 9.04 | 4 | Consolidated |
Notes:
- 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.
- CMP is the closing price or the last traded price of respective scripts as of June 14, 2024.
- Our company, in consultation with the Lead Manager, determined the issue price, which is justified based on the above parameters.
Contact Information
Contact Details
Visaman Global Sales Limited
+91 90237 30627
https://visamanglobalsales.com/
C/o., Jain Traders, 8, Sorathiawadi, Near Narmada, 80 Feet Road, Rajkot- 360002
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Visaman Global Sales Limited IPO is a Fixed Priced IPO worth ₹16.05 crore. The issue price is ₹43 per share (fixed price). The IPO opens on Jun 24, 2024 and closes on Jun 26, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The issue price of Visaman Global Sales Limited IPO is ₹43 per share (fixed price).
The lot size of Visaman Global Sales Limited IPO is 3000 shares.
The minimum investment for Visaman Global Sales Limited IPO is approximately ₹1,29,000 based on the issue price .
Visaman Global Sales Limited IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.
The allotment date of Visaman Global Sales Limited IPO is Jun 27, 2024.
Visaman Global Sales Limited IPO is expected to be listed on Jul 1, 2024, on NSE SME Platform.
Visaman Global Sales Limited IPO valuation snapshot: P/E 43.84, EPS ₹0.98/-, P/B 3.96, RoNW 9.28%, and market cap N/A.
To apply for Visaman Global Sales Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Visaman Global Sales Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Visaman Global Sales Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Visaman Global Sales Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Visaman Global Sales Limited IPO allotment status on IPO Ji for quick and easy access.