Prizor Viztech IPO Listed on NSE SME with 90% Premium

The company provides a wide selection of CCTV cameras designed for use in a number of industries, such as infrastructure, retail, government, and education. Prizor Viztech added televisions, touch panels, and monitors to its line of products in 2022.

Prior to its IPO, Prizor Viztech raised ₹ 7.09 crore from anchor investors. The date of the anchor bid was July 11. The pricing range for the IPO was set at ₹ 82–87 per share. Retail investors had to apply for a minimum investment of ₹ 1.39 lakh, or a minimum lot size of 1,600 shares. The minimum investment required of High Net Worth Individuals (HNIs) was two lots, or 3,200 shares, or ₹ 2.78 lakh.

For the Prizor Viztech IPO, Shreni Shares Ltd. was the book-running lead manager and Bigshare Services Pvt Ltd. was the registrar. Rikhav Securities was the issue's market maker.

Prizor Viztech is a 2017 incorporation that specializes in security and surveillance products. The company provides a wide selection of CCTV cameras designed for use in a number of industries, such as infrastructure, retail, government, and education. Prizor Viztech added televisions, touch panels, and monitors to its line of products in 2022. Although they are made by other manufacturers, these goods are marketed under the company's trademark. Prizor Viztech also offers video management software, which lets users easily control security features on a single monitor in one place.

To Summarize

With a 90% premium, Prizor Viztech made its debut on the NSE SME market, starting at ₹ 165.3 as opposed to ₹ 87 per share, which was its issue price. The stock was trading in the unlisted market at a premium of ₹ 105 prior to listing. Strong interest from retail investors played a major role in the IPO, which was oversubscribed 219 times and comprised only of new equity. The money raised will be used for general corporate objectives, working capital requirements, and capital.