Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Mon, Jun 24, 2024 - Wed, Jun 26, 2024
Visaman Global Sales IPO is a fixed price issue of ₹16.05 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹16.05 crore.
Visaman Global Sales IPO bidding started from Jun 24, 2024 and ended on Jun 26, 2024. The allotment for Visaman Global Sales IPO was finalized on Jun 27, 2024. The shares got listed on NSE SME on Jul 1, 2024.
Visaman Global Sales IPO price is ₹43 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,29,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,58,000.
Shreni Shares Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Visaman Global Sales IPO RHP for detailed Information.
IPO Open
Mon, Jun 24, 2024
IPO Close
Wed, Jun 26, 2024
Issue Price
₹43 per share
Market Cap (Pre-IPO)
₹59.39 Cr
| IPO Date | 24 to 26 Jun, 2024 |
| Listed on | Mon, Jul 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,32,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,92,000 shares Shreni Shares Ltd. (agg. up to ₹0.8256 Cr) |
| Fresh Issue (Ex Market Maker) | 35,40,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 35,40,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,00,79,999 shares |
| Share Holding Post Issue | 1,38,11,999 shares |
| NSE Symbol | VISAMAN |
| ISIN | INE0BHK01012 |
Visaman Global Sales IPO comprises a total issue size of 37,32,000 shares. The net offer to the public is 35,40,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,70,000 (50.00%) allocated to NII 17,70,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,70,000 | 50.00% | 47.43% |
| Retail Shares Offered | 17,70,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.14% | |
| Total Shares Offered | 37,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,29,000 |
| Retail (Max) | 1 | 3,000 | ₹1,29,000 |
| HNI (Min) | 2 | 6,000 | ₹2,58,000 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.02 | 58.64 | 39.82 | 27.27 |
| Total Income | 206.91 | 376.05 | 324.07 | 136.36 |
| Profit After Tax | 1.02 | 1.13 | 0.95 | 0.33 |
| NET Worth | 10.95 | 9.94 | 6.60 | 5.66 |
| Reserves and Surplus | 3.95 | 2.94 | 1.80 | 0.86 |
| Total Borrowing | 56.91 | 43.46 | 13.86 | 7.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India | 7.22 |
| 2 | Funding Working Capital Requirements of the Company | 7.00 |
| 3 | General corporate purposes | 0.22 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt/Equity | 5.20 |
| RoNW | 9.28% |
| PAT Margin | 0.30% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.12 | 0.98 |
| P/E (x) | 38.25 | 43.84 |
| Promoter Holding | 100.00% | 72.98% |
| Market Cap | ₹59.39 Cr. |
The Visaman Global Sales IPO is subscribed 42.2 times on June 26, 2024 6:18:59 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 28.12 | 17,70,000 | 4,97,64,000 |
| Retail | 51.54 | 17,70,000 | 9,12,21,000 |
| Total | 42.2 | 35,40,000 | 14,94,00,000 |
Total Application : 30,407
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 1.43 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, peer review auditors, etc.) | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹45.10 |
| Low | ₹45.10 |
| High | ₹47.35 |
| Last Trade | ₹47.35 |
Lead Manager Reports
Visaman Global Sales IPO is a SME IPO of 37,32,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Jun 24, 2024, and closes on Wed, Jun 26, 2024.
MUFG Intime India Pvt.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 Mon, Jun 24, 2024 and closes on Wed, Jun 26, 2024.
Visaman Global Sales IPO lot size is 3000, and the minimum amount required for application is ₹1,29,000.
You can apply in Visaman Global Sales IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jun 28, 2024. Check the Visaman Global Sales IPO allotment status.
The Visaman Global Sales IPO listing date is on Mon, Jul 1, 2024.
