Vivaa Tradecom IPO

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 nameVivaa Tradecom Limited
Company Website

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 date27 September 2023
IPO Closing04 October 2023
Basis of Allotment09 October 2023
Initiation Refund10 October 2023
Credit to Demat Account11 October 2023
Listing Date12 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on October 4, 2023)

Vivaa Tradecom IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹7.99 Cr – 1,566,000 shares
Fresh Issue₹7.99 Cr – 1,566,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹51 per share
Lot size2000 Shares
Market Maker portion82,000 shares
Shareholding pre-issue2,371,500
Shareholding post-issue3,937,500
Listing ExchangeBSE SME

Vivaa Tradecom IPO Lot Size

Retail (Min)12000₹102,000
Retail (Max)12000₹102,000
HNI (Min)24,000₹204,000

Vivaa Tradecom IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Vivaa Tradecom Financial Performance

 FY 2021FY 2022FY 2023
Net income(0.07)0.440.26
(Amount in ₹ Crores)

Vivaa Tradecom Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio47.66
RONW (%)(0.58)3.822.10
ROCE (%)
EBITDA (%)1.480.920.72

Vivaa Tradecom Promoters

  • Mr. Mitesh Adani

Promoter Holding

Pre Issue Share Holding50%
Post Issue Share Holding30.11%

Vivaa Tradecom IPO Lead Manager(s)

612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647

Vivaa Tradecom Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Vivaa Tradecom Contact Details

17, Pirana Piplej Road, Saijpur (Gopalpur),
Piplej, Ahmedabad – 382405
Phone: +91 9924822188

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

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