What you must know about Visaman Global Sales IPO?
by 5paisa Research Team
20 Jun 2024
Visaman IPO Details
- Open Date 24-Jun-24
- Close Date 26-Jun-24
- Lot Size 3000
- IPO Size ₹ 16.05 Cr
- IPO Price Range ₹ 43
- Min Investment ₹ 129,000
- Listing Exchange NSE SME
- Basis of Allotment 27-Jun-24
- Refunds 28-Jun-24
- Credit to Demat Account 28-Jun-24
- Listing Date 01-Jul-24
Visaman Global Sales IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jun-24 | - | 0.28 | 1.81 | 1.05 |
| 25-Jun-24 | - | 1.64 | 8.65 | 5.15 |
| 26-Jun-24 | - | 28.12 | 51.54 | 42.20 |
Visaman IPO Synopsis
Last Updated: 26th June, 2024 by 5paisa
Visaman Global Sales IPO is all set to open from 24th June to 26th June 2024. The company supplies different types of pipes and coils. The IPO includes a fresh issue of 3,732,000 shares worth ₹16.05 cr. The share allotment date is 27th June 2024, and the IPO will be listed on 1st July 2024 on the stock exchanges. The price band is ₹43 and the lot size is 3000 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Visaman Global Sales IPO
Visaman Global Sales Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement for setting up a manufacturing facility at Rajkot, Gujarat
● General corporate purposes.
Visaman Global Sales IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 16.05 |
| Offer for sale | 16.05 |
| Fresh issue | - |
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 | 6000 | ₹258,000 |
Visaman Global Sales IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 28.12 | 17,70,000 | 4,96,44,000 | 213.99 |
| Retail | 51.54 | 17,70,000 | 9,12,21,000 | 392.25 |
| Total | 42.20 | 35,40,000 | 14,94,00,000 | 642.42 |
About Visaman Global Sales
Visaman Global Sales supplies different types of pipes and coils. This includes round pipes, square pipes, rectangle pipes, various specifications of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, and colour-coated coils. Additionally, the company also offers various types of MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc.
Visaman Global Sales gives a line of credit to its existing customers as value added service. It is also an APL Apollo Tubes Limited dealer.
Peer Comparison
● Shree Marutinandan Tubes Limited
● Swastik Pipe Limited
● Hi-tech Pipes Limited
For More Information
Webstory on Visaman IPO
Visaman Global Sales Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 376.03 | 324.03 | 136.36 |
| EBITDA | 6.57 | 2.79 | 1.45 |
| PAT | 1.13 | 0.94 | 0.33 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 58.63 | 39.82 | 27.27 |
| Share Capital | 7.00 | 4.80 | 4.80 |
| Total Borrowings | 48.70 | 33.22 | 21.61 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -27.27 | -4.55 | -2.36 |
| Net cash from / (used in) investing activities | -0.13 | -1.25 | -0.39 |
| Net cash flow from / (used in) financing activities | 27.29 | 5.32 | 3.43 |
| Net increase (decrease) in cash and cash equivalents | -0.11 | -0.48 | 0.67 |
Visaman IPO Key Points
-
Strengths
1. The company has strong customer and supplier bases.
2. It offers a wide range of our products.
3. It offers comprehensive solutions for logistics requirements.
4. It is an ISO 9001:2015 certified organization.
5. The company has an in-depth understanding of customers’ requirements.
6. Experienced promoters and management team.
-
Risks
1. The demand and pricing in the steel industry are volatile which can impact the company’s profitability.
2. The major source of revenue is generated from Gujarat.
3. Pipes contribute significantly to the revenue of the company.
4. The business is a High Volume-Low Margin.
5. It has significant working capital requirements.
6. It has reported negative cash flow in the past.
Visaman
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Visaman IPO FAQs
When does Visaman Global Sales IPO opens and closes?
Visaman Global Sales IPO opens from 24th June to 26th June 2024.
What is the size of Visaman Global Sales IPO?
The size of Visaman IPO is ₹16.05 cr.
How to apply for Visaman Global Sales IPO?
To apply for Visaman IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Visaman Global Sales IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Visaman IPO?
The price band of Visaman IPO is fixed at ₹43 per share.
What is the minimum lot size and investment required for Visaman Global Sales IPO?
The minimum lot size of Visaman IPO is 3000 shares and the investment required is ₹1,29,000.
What is the allotment date of Visaman Global Sales IPO?
The share allotment date of Visaman IPO is 27th June 2024.
What is Visaman Global Sales IPO listing date?
The Visaman IPO will be listed on 1st July 2024.
Who are the book runners for Visaman Global Sales IPO?
Shreni Shares Limited is the book-running lead manager for Visaman IPO.
What is the objective of Visaman IPO?
Visaman Global Sales plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement for setting up a manufacturing facility at Rajkot, Gujarat
● General corporate purposes.
Contact Details of Visaman Global Sales IPO
Contact Information
Visaman Global Sales Limited
C/o., Jain Traders, 8, Sorathiawadi
Near Narmada, 80 Feet Road,
Rajkot- 360002
Phone: +91 90237 30627
Email: cs@visamansales.com
Website: https://visamanglobalsales.com/
Visaman Global Sales IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: visamanglobal.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Visaman Global Sales IPO Lead Manager
Shreni Shares Limited
Visaman IPO Related Articles
