Viviana Power Tech Limited IPO Detail
Incorporated in 2014, Viviana Power Tech Limited is engaged in the business of Power Transmission, Distribution and Industrial EPC space projects (Engineering, Procurement and construction). The company provide a wide range of services such as Power Transmission, EHV substation, Testing and Commissioning of sub-station and Transmission, Power Distribution Network Establishment, Underground Cable laying, Upgradation and modification of existing power system.
Viviana Power Tech has a business module to suit operational needs. Business operations mainly comprise two main tasks: Supply and service. The company owns adequate machinery but for specific requirements of machinery, The company avails services on a hire basis.
The company is an ISO 9001:2015 certified organization for Quality Management systems, ISO 14001:2015 for Environmental Management systems and OHSAS 45001:2018 for Occupational Health and Safety Management systems.
Competitive Strengths:
- Organizational stability along with management expertise.
- Existing client relationship.
- Well-trained employee base.
- Quality Assurance.
Company Promoters
Mr. Nikesh Kishorchandra Choksi, Mr. Richi Nikeshbhai Choksi and Mrs. Priyanka Richi Choksi are the company promoters.IPO Details
| IPO Opening Date | Sep 05, 2022 |
| IPO Closing Date | Sep 08, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹8.80 Cr |
| Fresh Issue | 1,600,000 shares of ₹10 (aggregating up to ₹8.80 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.25x | 1.48x | 0.86x | |
| Day 2 | - | - | 0.53x | 3.85x | 2.19x | |
| Day 3 | - | - | 3.29x | 12.85x | 8.07x | |
| Day 4 | - | - | 97.47x | 72.95x | 85.21x |
IPO Tentative Timetable
The Viviana Power Tech Limited IPO open date is Sep 05, 2022, and the close date is Sep 08, 2022. The issue may list on Sep 15, 2022.
| IPO Open Date | Sep 05, 2022 |
| IPO Close Date | Sep 08, 2022 |
| Basis of Allotment Date | Sep 12, 2022 |
| Initiation of Refunds | Sep 13, 2022 |
| Credit of Shares to Demat Account | Sep 14, 2022 |
| IPO Listing Date | Sep 15, 2022 |
IPO Lot Size
The Viviana Power Tech Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110000 |
| Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.20% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 943.44 | 2009.82 | 120.8 |
| 31-Mar-21 | 1889.2 | 2262.21 | 98.62 |
| 31-Mar-22 | 2147.65 | 3299.73 | 290.44 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Viviana Power Tech Limited IPO Registrar:
Skyline Financial Services Private Ltd
Viviana Power Tech Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
Company Contact Information:
Viviana Power Tech Limited
313-315, Orchid Plaza, B/H Macdoland, Sama-Savli Road,
Vadodara
Gujarat
