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Visaman Global Sales Limited IPO (Visaman Global Sales IPO) Detail

June 24, 2024 - June 26, 2024

Visaman Global Sales IPO is a fixed price issue of Rs 16.05 crores. The issue is entirely a fresh issue of 37.32 lakh shares.

Visaman Global Sales IPO bidding started from June 24, 2024 and ended on June 26, 2024. The allotment for Visaman Global Sales IPO was finalized on Thursday, June 27, 2024. The shares got listed on NSE SME on July 1, 2024.

Visaman Global Sales IPO price is ₹43 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹129,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹258,000.

Shreni Shares Limited is the book running lead manager of the Visaman Global Sales IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Visaman Global Sales IPO is Shreni Shares.

Refer to Visaman Global Sales IPO RHP for detailed information.

Visaman Global Sales IPO Details

IPO Date June 24, 2024 to June 26, 2024
Listing Date July 1, 2024
Face Value ₹10 per share
Price ₹43 per share
Lot Size 3000 Shares
Total Issue Size3,732,000 shares
(aggregating up to ₹16.05 Cr)
Fresh Issue3,732,000 shares
(aggregating up to ₹16.05 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue10,079,999
Share holding post issue13,811,999
Market Maker portion192,000 shares
Shreni Shares

Visaman Global Sales IPO Reservation

Visaman Global Sales IPO offers 3,732,000 shares. 1,770,000 (47.43%) to NII, 1,770,000 (47.43%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered192,000 (5.14%)
Other Shares Offered1,770,000 (47.43%)
Retail Shares Offered1,770,000 (47.43%)
Total Shares Offered3,732,000 (100%)

Visaman Global Sales IPO Timeline (Tentative Schedule)

Visaman Global Sales IPO opens on June 24, 2024, and closes on June 26, 2024.

IPO Open Date Monday, June 24, 2024
IPO Close Date Wednesday, June 26, 2024
Basis of Allotment Thursday, June 27, 2024
Initiation of Refunds Friday, June 28, 2024
Credit of Shares to Demat Friday, June 28, 2024
Listing Date Monday, July 1, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 26, 2024

Visaman Global Sales IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 ₹129,000
Retail (Max) 1 3000 ₹129,000
HNI (Min) 2 6,000 ₹258,000
Lot Size Calculator

Visaman Global Sales IPO Promoter Holding

The Promoters of the company are Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 72.98%

About Visaman Global Sales Limited

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 Financial Information (Restated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,001.695,863.953,982.422,727.20
Revenue20,691.3937,605.0132,407.2913,636.19
Profit After Tax101.61113.3394.6633.47
Net Worth1,095.31993.70660.38565.72
Reserves and Surplus395.31293.70180.3885.72
Total Borrowing5,690.854,345.691,386.10710.34
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Visaman Global Sales IPO is Rs 59.39 Cr.

KPI as of December 31, 2023.

KPI Values
ROE9.28%
ROCE8.02%
Debt/Equity5.2
RoNW9.28%
P/BV3.96
PAT Margin (%)0.49
Pre IPO Post IPO
EPS (Rs) 1.120.98
P/E (x) 38.2543.84
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Visaman Global Sales IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  • 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; and
  • General corporate purposes.

Visaman Global Sales IPO Review (Avoid)

[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...


Visaman Global Sales IPO Subscription Status (Bidding Detail)

The Visaman Global Sales IPO is subscribed 42.20 times on June 26, 2024 6:18:59 PM. 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)

CategorySubscription (times)
Other28.12
Retail51.54
Total42.20

Total Application : 30,407 (51.54 times)

Visaman Global Sales IPO Prospectus

Visaman Global Sales IPO Rating

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Rating:Rated 1.0 stars
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Visaman Global Sales IPO Listing Details

Listing Date July 1, 2024
BSE Script Code
NSE Symbol VISAMAN
ISIN INE0BHK01012
Final Issue Price ₹43 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹43.00
₹45.10
₹45.10
₹47.35
₹47.35

Check IPO Performance…

Visaman Global Sales Limited Contact Details

Visaman Global Sales Limited
C/o., Jain Traders, 8, Sorathiawadi
Near Narmada, 80 Feet Road,
Rajkot- 360002
Phone: +91 90237 30627
Email: cs@visamansales.com
Website: https://visamanglobalsales.com/

Visaman Global Sales IPO Registrar

Link Intime India Private 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 - Buy or Not

Visaman Global Sales IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Visaman Global Sales IPO FAQs

Visaman Global Sales IPO is a SME IPO of 3,732,000 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 Shares.

The IPO opens on June 24, 2024, and closes on June 26, 2024.

Link Intime India Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Visaman Global Sales IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 Shares, and the minimum amount required is ₹129,000.

You can apply in Visaman Global Sales IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 July 1, 2024.
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