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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 ₹43.00 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). The minimum lot size investment for 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 Date | June 24, 2024 to June 26, 2024 |
| Listing Date | July 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,32,000 shares (aggregating up to ₹16.05 Cr) |
| Reserved for Market Maker | 1,92,000 shares Shreni Shares Ltd. (aggregating up to ₹0.8256 Cr) |
| Net Offered to Public | 35,40,000 shares (aggregating up to ₹15.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,79,999 shares |
| Share Holding Post Issue | 1,38,11,999 shares |
Visaman Global Sales IPO offers total 37,32,000 shares. Out of which 17,70,000 (47.43%) allocated to NII, 17,70,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.14%) |
| NII (HNI) Shares Offered | 17,70,000 (47.43%) |
| Retail Shares Offered | 17,70,000 (47.43%) |
| Total Shares Offered | 37,32,000 (100.00%) |
Visaman Global Sales IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Mon, Jun 24, 2024 |
| IPO Close Date | Wed, Jun 26, 2024 |
| Tentative Allotment | Thu, Jun 27, 2024 |
| Initiation of Refunds | Fri, Jun 28, 2024 |
| Credit of Shares to Demat | Fri, Jun 28, 2024 |
| Tentative Listing Date | Mon, Jul 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 26, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Visaman Global Sales Limited's revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,001.69 | 5,863.95 | 3,982.42 | 2,727.20 |
| Total Income | 20,691.39 | 37,605.01 | 32,407.29 | 13,636.19 |
| Profit After Tax | 101.61 | 113.33 | 94.66 | 33.47 |
| Net Worth | 1,095.31 | 993.70 | 660.38 | 565.72 |
| Reserves and Surplus | 395.31 | 293.70 | 180.38 | 85.72 |
| Total Borrowing | 5,690.85 | 4,345.69 | 1,386.10 | 710.34 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Visaman Global Sales IPO is ₹59.39 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt/Equity | 5.20 |
| RoNW | 9.28% |
| PAT Margin | 0.49% |
| Price to Book Value | 3.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.12 | 0.98 |
| P/E (x) | 38.25 | 43.84 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in the business of trading in pipes/sheets/coils of various metals. It depends on third party supply. It posted average earnings on growing topline indicating the nature of business as “High Volume – Low margin”. Based on FY24 annualized earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented business. There is no harm in skipping this high risk pricey issue. Read detail review...
| Listing Date | July 1, 2024 |
| BSE Script Code | |
| NSE Symbol | VISAMAN |
| ISIN | INE0BHK01012 |
| Final Issue Price | ₹43 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹45.10 |
| Low | ₹45.10 |
| High | ₹47.35 |
| Last Trade | ₹47.35 |
Visaman Global Sales Ltd.
C/o., Jain Traders, 8, Sorathiawadi
Near Narmada,
80 Feet Road,
Rajkot, Gujarat, 360002
Phone: +91 90237 30627
Email: cs@visamansales.com
Website: https://visamanglobalsales.com/
MUFG Intime India Pvt.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 IPO is a SME IPO of 37,32,000 equity shares of the face value of ₹10 aggregating up to ₹16.05 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on June 24, 2024, and closes on June 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 June 24, 2024 and closes on June 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 Friday, June 28, 2024. Check the Visaman Global Sales IPO allotment status.
The Visaman Global Sales IPO listing date is on Monday, July 1, 2024.
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