Visaman Global Sales IPO

Visaman Global Sales IPO will open for subscription from 24 June 2024. The company aims for an issue size of ₹16.05 Cr through this IPO.

Company Overview

Full nameVisaman Global Sales Limited
Company Website

About Company

Visaman Global Sales specializes in supplying 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 panels, wall PUF panels, and more. Further, the company also provides a credit facility to its existing customers as a value-added service.

Visaman Global Sales provides customization services to tailor its products to meet requirements such as size, length, breadth, and thickness. The company outsources modification and alteration processes to third parties and ensures on-site delivery of the products to customers. It is one of the dealers of APL Apollo Tubes Limited. As of 15 March 2024, the company has employed 41 personnel at its offices and stockyards.

The Objectives of the Issue

  • 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 IPO Timetable

IPO Opening date24 June 2024
IPO Closing26 June 2024
Basis of Allotment27 June 2024
Initiation Refund28 June 2024
Credit to Demat Account28 June 2024
Listing Date01 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 26, 2024)

Visaman Global Sales IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹16.05 Cr – 3,732,000 shares
Fresh Issue₹16.05 Cr – 3,732,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹43 per share
Lot size3000 Shares
Market Maker portion192,000 shares
Shareholding pre-issue10,079,999
Shareholding post-issue13,811,999
Listing ExchangeNSE SME

Visaman Global Sales IPO Lot Size

Retail (Min)13000₹129,000
Retail (Max)13000₹129,000
HNI (Min)26,000₹258,000

Visaman Global Sales Offer Documents

Visaman Global Sales IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered192,000 (5.14%)
Other Shares Offered1,770,000 (47.43%)
Retail Shares Offered1,770,000 (47.43%)
Total Shares Offered3,732,000 (100%)

Visaman Global Sales Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.330.951.131.02
(Amount in ₹ Crores )

Visaman Global Sales Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio38.39
RONW (%)5.9214.3311.40
ROCE (%)11.6213.2411.43
EBITDA (%)1.070.861.75

Company Promoters

  • Mr. Mitulkumar Sureshchandra Vasa
  • Mr. Sureshchandra Gulabchand Vasa
  • Ms. Avni M. Vasa
  • Ms. Ilaben Sureshchandra Vasa
  • Mr. Kular Brijesh N.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.98%

Visaman Global Sales Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
27 June 20241330,000
26 June 20241228,000
25 June 20241228,000
24 June 20244026,000

Visaman Global Sales IPO Subscription Update

Shares Offered17,70,00017,70,00035,40,000
26 Jun 202428.2251.5439.88
25 Jun 20241.727.934.82
24 Jun 20240.271.721.00
(The market maker reservation portion of 1,92,000 shares is not included)

Visaman Global Sales IPO Allotment Status

Visaman Global Sales IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Visaman Global Sales Offer Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Visaman Global Sales Offer Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Visaman Global Sales Lead Manager(s)

Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022

Visaman Global Sales Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949

Visaman Global Sales Contact Details

C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80
Feet Road, Rajkot- 360002, Gujarat, India
Phone: +91 90237 30627
Website: :

Visaman Global Sales IPO FAQs

What is the Visaman Global Sales offer size?

Visaman Global Sales offer size is ₹ 16.05 crores.

What is the Visaman Global Sales offer price band?

Visaman Global Sales’ public offer price is ₹ 43 per share.

What is the lot size of the Visaman Global Sales Offer?

Visaman Global Sales offers a lot size is 3,000 shares.

What is Visaman Global Sales Offer GMP today?

Visaman Global Sales IPO GMP today is ₹ 13 per share.

What is the Visaman Global Sales kostak rate today?

Visaman Global Sales kostak rate today is ₹ NA per application.

What is Visaman Global Sales Subject to the Sauda rate today?

Visaman Global Sales is Subject to the Sauda rate today is ₹ 30,000 per application.

Final thoughts

Visaman Global Sales IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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