Visaman Global Sales Limited IPO Detail
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.
Company Promoters
Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.IPO Details
| IPO Opening Date | Jun 24, 2024 |
| IPO Closing Date | Jun 26, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹16.05 Cr |
| Fresh Issue | ₹16.05 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.28x | 1.81x | 1.05x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.65x | 8.93x | 5.30x |
| Day 3 | 0.00x | 0.00x | 0.00x | 28.12x | 51.54x | 42.20x |
IPO Tentative Timetable
The Visaman Global Sales Limited IPO open date is Jun 24, 2024, and the close date is Jun 26, 2024. The issue may list on Jul 01, 2024.
| IPO Open Date | Jun 24, 2024 |
| IPO Close Date | Jun 26, 2024 |
| Basis of Allotment Date | Jun 27, 2024 |
| Initiation of Refunds | Jun 28, 2024 |
| Credit of Shares to Demat Account | Jun 28, 2024 |
| IPO Listing Date | Jul 01, 2024 |
IPO Lot Size
The Visaman Global Sales Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹129000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹129000 |
| Maximum | 1 | 3000 | ₹129000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2727.20 | 13636.19 | 33.47 |
| 31-Mar-22 | 3982.42 | 32407.29 | 94.66 |
| 31-Mar-23 | 5863.95 | 37605.01 | 113.33 |
| 31-Dec-23 | 8001.69 | 20691.39 | 101.61 |
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 a manufacturing facility at Rajkot, Gujarat, India
- Funding Working Capital Requirements of the company; and
- General corporate purposes.
Visaman Global Sales Limited IPO Registrar:
Link Intime India Private Ltd
Visaman Global Sales Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Visaman Global Sales Limited
C/o., Jain Traders, 8, Sorathiawadi
Near Narmada, 80 Feet Road,
Rajkot- 360002
