Prizor Viztech Limited IPO Detail
Incorporated in 2017, Prizor Viztech Limited provides security and surveillance solutions with a wide range of CCTV cameras for retail, government, education, and infrastructure. In 2022, the company expanded its product line to include televisions, touch panels, and monitors, all sold under its brand name and manufactured by third parties. Additionally, the company offers video management software that provides surveillance features to customers on a single monitor and location.
The company's product portfolio is divided into two main parts:
- Security and Surveillance Solutions, including network cameras, high-definition analogue cameras, network video recorders, and digital video recorders; and
- LED televisions, Monitors & Touch Panels.
The company has supplied products across 17 states and 2 union territories in India, namely: Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal, as well as the union territories of Andaman and Nicobar Islands and Jammu and Kashmir.
Company Promoters
The Promoters of the Company are Ms. Mitali Dasharathbharthi Gauswami and Mr. Gauswami Dasharathbharthi GopalbharthiIPO Details
| IPO Opening Date | Jul 12, 2024 |
| IPO Closing Date | Jul 16, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 - 87 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹25.15 Cr |
| Fresh Issue | 2,891,200 shares (aggregating up to ₹25.15 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 8.42x | 24.35x | 14.01x |
| Day 2 | 1.98x | 0.00x | 0.00x | 56.15x | 95.12x | 60.29x |
| Day 3 | 94.54x | 0.00x | 0.00x | 280.00x | 264.20x | 219.45x |
IPO Tentative Timetable
The Prizor Viztech Limited IPO open date is Jul 12, 2024, and the close date is Jul 16, 2024. The issue may list on Jul 22, 2024.
| IPO Open Date | Jul 12, 2024 |
| IPO Close Date | Jul 16, 2024 |
| Basis of Allotment Date | Jul 18, 2024 |
| Initiation of Refunds | Jul 19, 2024 |
| Credit of Shares to Demat Account | Jul 19, 2024 |
| IPO Listing Date | Jul 22, 2024 |
IPO Lot Size
The Prizor Viztech Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹139200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹139200 |
| Maximum | 1 | 1600 | ₹139200 |
IPO Promoter Holding
| Pre Issue Share Holding | 93.59% |
| Post Issue Share Holding | 68.28% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 2461.80 | 3568.62 | 557.44 |
| 31-Mar-23 | 862.84 | 1394.29 | 21.06 |
| 31-Mar-22 | 538.87 | 870.47 | 3.60 |
Objects of the Issue:
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 Display Centre and Inventory Storage in Ahmedabad, Gujarat;
- Funding Working Capital Requirements of the company; and
- General corporate purposes.
Prizor Viztech Limited IPO Registrar:
Bigshare Services Pvt Ltd
Prizor Viztech Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Prizor Viztech Limited
514, Maple Trade Centre, Nr. Surdhara Circle Thaltej
Ahmedabad
Ahmedabad
