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 name | Visaman Global Sales Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://visamanglobalsales.com/ |
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 date | 24 June 2024 |
| IPO Closing | 26 June 2024 |
| Basis of Allotment | 27 June 2024 |
| Initiation Refund | 28 June 2024 |
| Credit to Demat Account | 28 June 2024 |
| Listing Date | 01 July 2024 |
Visaman Global Sales IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.05 Cr – 3,732,000 shares |
| Fresh Issue | ₹16.05 Cr – 3,732,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹43 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 192,000 shares |
| Shareholding pre-issue | 10,079,999 |
| Shareholding post-issue | 13,811,999 |
| Listing Exchange | NSE SME |
Visaman Global Sales 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 |
Visaman Global Sales Offer Documents
Visaman Global Sales IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Visaman Global Sales Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 136.36 | 324.04 | 376.03 | 206.91 |
| Expenses | 135.79 | 322.80 | 374.46 | 205.68 |
| Net income | 0.33 | 0.95 | 1.13 | 1.02 |
Visaman Global Sales Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.42 | 1.20 | 1.12 |
| PE ratio | – | – | 38.39 |
| RONW (%) | 5.92 | 14.33 | 11.40 |
| NAV | 7.18 | 8.38 | 9.86 |
| ROCE (%) | 11.62 | 13.24 | 11.43 |
| EBITDA (%) | 1.07 | 0.86 | 1.75 |
| Debt/Equity | 1.26 | 2.10 | 4.37 |
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 Holding | 100% |
| Post Issue Share Holding | 72.98% |
Visaman Global Sales Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 June 2024 | 13 | – | 30,000 |
| 26 June 2024 | 12 | – | 28,000 |
| 25 June 2024 | 12 | – | 28,000 |
| 24 June 2024 | 40 | – | 26,000 |
Visaman Global Sales IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 17,70,000 | 17,70,000 | 35,40,000 |
| 26 Jun 2024 | 28.22 | 51.54 | 39.88 |
| 25 Jun 2024 | 1.72 | 7.93 | 4.82 |
| 24 Jun 2024 | 0.27 | 1.72 | 1.00 |
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
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Visaman Global Sales Offer Listing Day Update
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Visaman Global Sales Lead Manager(s)
SHRENI SHARES LIMITED
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
Email: shrenishares@gmail.com
Website: www.shreni.in
Visaman Global Sales Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: visamanglobal.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Visaman Global Sales Contact Details
VISAMAN GLOBAL SALES LIMITED
C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80
Feet Road, Rajkot- 360002, Gujarat, India
Phone: +91 90237 30627
E-mail: cs@visamansales.com
Website: : visamanglobalsales.com
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
