Vivaa Tradecom Limited IPO Detail
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.
Company Promoters
Mr. Mitesh AdaniIPO Details
| IPO Opening Date | Sep 27, 2023 |
| IPO Closing Date | Oct 04, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹7.99 Cr |
| Fresh Issue | ₹7.99 Cr |
| Offer for Sale | - |
| Retail Portion | 47.38% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.07x | 0.53x | 0.24x | |
| Day 2 | - | - | 0.01x | 0.88x | 0.47x | |
| Day 3 | - | - | 0.15x | 1.61x | 0.91x | |
| Day 4 | - | - | 0.70x | 2.86x | 1.81x |
IPO Tentative Timetable
The Vivaa Tradecom Limited IPO open date is Sep 27, 2023, and the close date is Oct 04, 2023. The issue may list on Oct 12, 2023.
| IPO Open Date | Sep 27, 2023 |
| IPO Close Date | Oct 04, 2023 |
| Basis of Allotment Date | Oct 09, 2023 |
| Initiation of Refunds | Oct 10, 2023 |
| Credit of Shares to Demat Account | Oct 11, 2023 |
| IPO Listing Date | Oct 12, 2023 |
IPO Lot Size
The Vivaa Tradecom Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102000 |
| Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 30.11% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 9430.20 | 14734.56 | -6.48 |
| 31-Mar-22 | 9803.46 | 9803.46 | 44.39 |
| 31-Mar-23 | 4918.80 | 13402.83 | 25.48 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Vivaa Tradecom Limited IPO Registrar:
Bigshare Services Pvt Ltd
Vivaa Tradecom Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Vivaa Tradecom Limited
17, Pirana Piplej Road,
Saijpur (Gopalpur),
Piplej, Ahmedabad – 382405
