Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Sep 27, 2023 - Wed, Oct 4, 2023
Vivaa Tradecom IPO is a fixed price issue of ₹7.99 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹7.99 crore.
Vivaa Tradecom IPO bidding started from Sep 27, 2023 and ended on Oct 4, 2023. The allotment for Vivaa Tradecom IPO was finalized on Oct 9, 2023. The shares got listed on BSE SME on Oct 12, 2023.
Vivaa Tradecom IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to Vivaa Tradecom IPO RHP for detailed Information.
IPO Open
Wed, Sep 27, 2023
IPO Close
Wed, Oct 4, 2023
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹20.08 Cr
| IPO Date | 27 Sep to 4 Oct, 2023 |
| Listed on | Thu, Oct 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,66,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 82,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹0.4182 Cr) |
| Fresh Issue (Ex Market Maker) | 14,84,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 14,84,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 23,71,500 shares |
| Share Holding Post Issue | 39,37,500 shares |
| BSE Script Code | 544002 |
| ISIN | INE0PA601017 |
Vivaa Tradecom IPO comprises a total issue size of 15,66,000 shares. The net offer to the public is 14,84,000 shares, after excluding 82,000 shares allotted on a firm basis. Of the Net offer 7,42,000 (50.00%) allocated to NII 7,42,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,42,000 | 50.00% | 47.38% |
| Retail Shares Offered | 7,42,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 82,000 | 5.24% | |
| Total Shares Offered | 15,66,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 2010, Vivaa Tradecom Limited is engaged in the manufacturing as well as trading of clothes and garments.
The company's product list includes Denim Fabric, readymade garments such as Denim/Cotton Jeans for Men, Denim/Cotton Jeans for Women, and also undertake the Cotton Printing Job work and trade in Printed Cotton Fabric.
In the year 2013, the company acquired the ongoing manufacturing business of Readymade Garments under the Slump Sale Agreement from M/s. Parikh Impex Private Limited. The company carried on manufacturing activity and trading activity from 2013 to 2022. In 2022, the company sold the manufacturing unit to Globe Textiles (India) Ltd and from April 2022 the company was involved in trading activity only.
Along with trading in the garment industry, the company has decided to expand the business by entering into the trading of other segments as well. In March 2023, Vivaa entered into an agreement with Rushil Décor Limited for distributing VIR MDF Boards of various thicknesses and Prelam MDF Boards, which are used in the furniture industry, in Karnataka, Kerala, Delhi, Punjab, Haryana, Uttar Pradesh, Chandigarh, Himachal Pradesh, Jammu & Kashmir, Rajasthan, and Uttarakhand states of India.
Vivaa Tradecom's clientele includes Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retail Limited, and so on.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 49.19 | 98.03 | 94.30 |
| Total Income | 134.03 | 247.29 | 147.35 |
| Profit After Tax | 0.25 | 0.44 | -0.06 |
| NET Worth | 12.12 | 11.63 | 11.19 |
| Reserves and Surplus | 9.75 | 11.61 | 11.16 |
| Total Borrowing | 4.57 | 11.13 | 13.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement | 5.18 |
| 2 | General Corporate Purpose | 1.72 |
| KPI | |
|---|---|
| Debt/Equity | 0.38 |
| RoNW | 2.10% |
| PAT Margin | 19.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.07 | |
| P/E (x) | 47.66 | 78.46 |
| Promoter Holding | 50% | 30.11% |
| Market Cap | ₹20.08 Cr. |
The Vivaa Tradecom IPO is subscribed 1.81 times on October 4, 2023 7:02:00 PM (Day 5). The public issue subscribed 2.86 times in the retail category, [.] times in the QIB category, and 0.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.70 | 7,42,000 | 5,20,000 |
| Retail | 2.86 | 7,42,000 | 21,22,000 |
| Total | 1.81 | 14,84,000 | 26,82,000 |
Total Applications: 1,349
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.24 |
| 2 | Brokerage, selling commission and Marketing Expenses | 0.48 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.06 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹40.80 |
| Low | ₹38.76 |
| High | ₹42.82 |
| Last Trade | ₹42.54 |
Lead Manager Reports
Vivaa Tradecom IPO is a SME IPO of 15,66,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Sep 27, 2023, and closes on Wed, Oct 4, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vivaa Tradecom IPO using UPI as a payment gateway. Zerodha customers can apply in Vivaa Tradecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vivaa Tradecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vivaa Tradecom IPO opens on Wed, Sep 27, 2023 and closes on Wed, Oct 4, 2023.
Vivaa Tradecom IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Vivaa Tradecom 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 Vivaa Tradecom IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wed, Oct 11, 2023. Check the Vivaa Tradecom IPO allotment status.
The Vivaa Tradecom IPO listing date is on Thu, Oct 12, 2023.
