Vivaa Tradecom IPO will open for subscription from 27 September 2023. The company aims for an issue size of ₹7.99 Cr through this IPO.
Company Overview
| Full name | Vivaa Tradecom Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.vivaatrade.com/ |
About Company
Incorporated in 2010, Vivaa Tradecom is engaged in the manufacturing and trading of Cloths and Garments. It was selling readymade garments to various reputed clients on a Pan India basis. 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.
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. For the vertical growth of the company, it has entered into an agreement with Rushil Décor Limited, which has a registered office in Ahmedabad, Gujarat, on 29 March 2023 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.
The Objectives of the Issue
- Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Vivaa Tradecom IPO Timetable
| IPO Opening date | 27 September 2023 |
| IPO Closing | 04 October 2023 |
| Basis of Allotment | 09 October 2023 |
| Initiation Refund | 10 October 2023 |
| Credit to Demat Account | 11 October 2023 |
| Listing Date | 12 October 2023 |
Vivaa Tradecom IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹7.99 Cr – 1,566,000 shares |
| Fresh Issue | ₹7.99 Cr – 1,566,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹51 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 82,000 shares |
| Shareholding pre-issue | 2,371,500 |
| Shareholding post-issue | 3,937,500 |
| Listing Exchange | BSE SME |
Vivaa Tradecom IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
Vivaa Tradecom IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Vivaa Tradecom Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 146.41 | 243.20 | 134.02 |
| Expenses | 147.36 | 247.08 | 133.66 |
| Net income | (0.07) | 0.44 | 0.26 |
Vivaa Tradecom Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.28) | 1.89 | 1.07 |
| PE ratio | – | – | 47.66 |
| RONW (%) | (0.58) | 3.82 | 2.10 |
| NAV | – | – | 51.09 |
| ROCE (%) | 0.07 | 0.10 | 0.06 |
| EBITDA (%) | 1.48 | 0.92 | 0.72 |
| Debt/Equity | 3.75 | 0.36 | 0.38 |
Vivaa Tradecom Promoters
- Mr. Mitesh Adani
Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 30.11% |
Vivaa Tradecom IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
Vivaa Tradecom Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Vivaa Tradecom Contact Details
VIVAA TRADECOM LIMITED
17, Pirana Piplej Road, Saijpur (Gopalpur),
Piplej, Ahmedabad – 382405
Phone: +91 9924822188
E-mail: account@vivaatrade.com
Website: www.vivaatrade.com
Vivaa Tradecom IPO Allotment Status
Vivaa Tradecom IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Vivaa Tradecom IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
