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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 ₹51.00 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). The minimum lot size investment for 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 Date | September 27, 2023 to October 4, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,66,000 shares (aggregating up to ₹7.99 Cr) |
| Reserved for Market Maker | 82,000 shares Asnani Stock Broker Pvt.Ltd. (aggregating up to ₹0.4182 Cr) |
| Net Offered to Public | 14,84,000 shares (aggregating up to ₹7.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 23,71,500 shares |
| Share Holding Post Issue | 39,37,500 shares |
Vivaa Tradecom IPO offers total 15,66,000 shares. Out of which 7,42,000 (47.38%) allocated to NII, 7,42,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 82,000 (5.24%) |
| NII (HNI) Shares Offered | 7,42,000 (47.38%) |
| Retail Shares Offered | 7,42,000 (47.38%) |
| Total Shares Offered | 15,66,000 (100.00%) |
Vivaa Tradecom IPO opens on September 27, 2023, and closes on October 4, 2023.
| IPO Open Date | Wed, Sep 27, 2023 |
| IPO Close Date | Wed, Oct 4, 2023 |
| Tentative Allotment | Mon, Oct 9, 2023 |
| Initiation of Refunds | Tue, Oct 10, 2023 |
| Credit of Shares to Demat | Wed, Oct 11, 2023 |
| Tentative Listing Date | Thu, Oct 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 4, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,430.20 | 9,803.46 | 4,918.80 |
| Total Income | 14,734.56 | 24,728.70 | 13,402.83 |
| Profit After Tax | -6.48 | 44.39 | 25.48 |
| Net Worth | 1,118.58 | 1,162.97 | 1,211.70 |
| Reserves and Surplus | 1,116.26 | 1,160.65 | 974.55 |
| Total Borrowing | 1,354.91 | 1,113.05 | 457.36 |
The market capitalization of Vivaa Tradecom IPO is ₹20.08 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 0.38 |
| RoNW | 2.10% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted a roller-coaster ride in its financial performance for the last three fiscals. Based on FY23 earnings, the issue is exorbitantly priced. The tiny equity capital post IPO indicates longer gestation for migration to the mainboard. Just stay away from such pricey and dicey issues. Read detail review...
| Listing Date | October 12, 2023 |
| BSE Script Code | 544002 |
| NSE Symbol | |
| ISIN | INE0PA601017 |
| Final Issue Price | ₹51 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹40.80 |
| Low | ₹38.76 |
| High | ₹42.82 |
| Last Trade | ₹42.54 |
Vivaa Tradecom Ltd.
17, Pirana Piplej Road,
Saijpur (Gopalpur),
Piplej, Ahmedabad – 382405
Ahmedabad, Gujarat
Phone: +91 99248 22188
Email: account@vivaatrade.com
Website: https://www.vivaatrade.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vivaa Tradecom IPO is a SME IPO of 15,66,000 equity shares of the face value of ₹10 aggregating up to ₹7.99 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on September 27, 2023, and closes on October 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 September 27, 2023 and closes on October 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 Wednesday, October 11, 2023. Check the Vivaa Tradecom IPO allotment status.
The Vivaa Tradecom IPO listing date is on Thursday, October 12, 2023.
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