Visaman Global Sales IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 24 to Jun 26 2024
Price Band
₹43
Current GMP
₹45.1(4.88%)
Subscription
42.20 times
IPO Details
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Fresh Issue | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,079,999 |
| Share holding post issue | 13,811,999 |
| Market Maker portion | 192,000 shares Shreni Shares |
IPO Date
June 24, 2024 to June 26, 2024
Listing Date
Monday, July 1, 2024
Face Value
₹10 per share
Price
₹43 per share
Lot Size
3000 Shares
Total Issue Size
3,732,000 shares (aggregating up to ₹16.05 Cr)
Fresh Issue
3,732,000 shares (aggregating up to ₹16.05 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
10,079,999
Share holding post issue
13,811,999
Market Maker portion
192,000 shares Shreni Shares
IPO Subscription Details
| Non-Institutional Buyers*** | 28.12 |
| Retail Investors | 51.54 |
| Total ** | 42.20 |
Non-Institutional Buyers***
28.12
Retail Investors
51.54
Total **
42.20
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Jun 24, 2024 | 0.28 | 1.81 | 1.05 |
| Day 2 Jun 25, 2024 | 1.65 | 8.93 | 5.30 |
| Day 3 Jun 26, 2024 | 28.12 | 51.54 | 42.20 |
DayDay 1
Jun 24, 2024
NII*0.28
Retail1.81
Total1.05
DayDay 2
Jun 25, 2024
NII*1.65
Retail8.93
Total5.30
DayDay 3
Jun 26, 2024
NII*28.12
Retail51.54
Total42.20
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-07-2024 | 43.00 | 5(11.63%) | 48 |
| 30-06-2024 | 43.00 | 5(11.63%) | 48 |
| 29-06-2024 | 43.00 | 5(11.63%) | 48 |
| 28-06-2024 | 43.00 | 10(23.26%) | 53 |
| 27-06-2024 | 43.00 | 14(32.56%) | 57 |
| 26-06-2024 | 43.00 | 14(32.56%) | 57 |
| 25-06-2024 | 43.00 | 14(32.56%) | 57 |
| 24-06-2024 | 43.00 | 14(32.56%) | 57 |
| 23-06-2024 | 43.00 | 14(32.56%) | 57 |
| 22-06-2024 | 43.00 | 14(32.56%) | 57 |
| 21-06-2024 | 43.00 | 0(0.0%) | 43 |
| 20-06-2024 | 43.00 | 0(0.0%) | 43 |
Date01-07-2024
Price43.00
GMP5(11.63%)
Estimate List Price48
Date30-06-2024
Price43.00
GMP5(11.63%)
Estimate List Price48
Date29-06-2024
Price43.00
GMP5(11.63%)
Estimate List Price48
Date28-06-2024
Price43.00
GMP10(23.26%)
Estimate List Price53
Date27-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date26-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date25-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date24-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date23-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date22-06-2024
Price43.00
GMP14(32.56%)
Estimate List Price57
Date21-06-2024
Price43.00
GMP0(0.0%)
Estimate List Price43
Date20-06-2024
Price43.00
GMP0(0.0%)
Estimate List Price43
IPO Important Dates
| 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹129,000 |
| Retail (Max) | 1 | 3000 | ₹129,000 |
| HNI (Min) | 2 | 6,000 | ₹258,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹129,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹129,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹258,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,001.69 | 5,863.95 | 3,982.42 |
| Revenue | 20,691.39 | 37,605.01 | 32,407.29 |
| Profit After Tax | 101.61 | 113.33 | 94.66 |
| Net Worth | 1,095.31 | 993.70 | 660.38 |
| Reserves and Surplus | 395.31 | 293.70 | 180.38 |
| Total Borrowing | 5,690.85 | 4,345.69 | 1,386.10 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20238,001.69
31 Mar 20235,863.95
31 Mar 20223,982.42
Period EndedRevenue
31 Dec 202320,691.39
31 Mar 202337,605.01
31 Mar 202232,407.29
Period EndedProfit After Tax
31 Dec 2023101.61
31 Mar 2023113.33
31 Mar 202294.66
Period EndedNet Worth
31 Dec 20231,095.31
31 Mar 2023993.70
31 Mar 2022660.38
Period EndedReserves and Surplus
31 Dec 2023395.31
31 Mar 2023293.70
31 Mar 2022180.38
Period EndedTotal Borrowing
31 Dec 20235,690.85
31 Mar 20234,345.69
31 Mar 20221,386.10
Key Performance Indicator
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt/Equity | 5.2 |
| RoNW | 9.28% |
| P/BV | 3.96 |
| PAT Margin (%) | 0.49 |
| EPS (Rs) | 1.12 |
ROE
9.28%
ROCE
8.02%
Debt/Equity
5.2
RoNW
9.28%
P/BV
3.96
PAT Margin (%)
0.49
EPS (Rs)
1.12
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.14%) |
| Other Shares Offered | 1,770,000 (47.43%) |
| Retail Shares Offered | 1,770,000 (47.43%) |
| Total Shares Offered | 3,732,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
192,000 (5.14%)
Other Shares Offered
1,770,000 (47.43%)
Retail Shares Offered
1,770,000 (47.43%)
Total Shares Offered
3,732,000 (100%)
Information about company
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.
Objectives of IPO
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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