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Visaman Global Sales IPO

  • Status: Closed
  • RHP:
  • ₹ 129,000 / 3000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Jul 2024

  • Listing Price

    ₹ 45.10

  • Listing Change

    4.88%

  • Last Traded Price

    ₹ 42.95

IPO Details

  • Open Date

    24 Jun 2024

  • Close Date

    26 Jun 2024

  • IPO Price Range

    ₹ 43

  • IPO Size

    ₹ 16.05 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    01 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Visaman Global Sales IPO Subscription Status

Last Updated: 05 July 2024 10:32 AM by 5Paisa

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

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

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

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. 
 

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FAQs

Visaman Global Sales IPO opens from 24th June to 26th June 2024.
 

The size of Visaman IPO is ₹16.05 cr. 
 

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.
 

The price band of Visaman IPO is fixed at ₹43 per share. 
 

The minimum lot size of Visaman IPO is 3000 shares and the investment required is ₹1,29,000.
 

The share allotment date of Visaman IPO is 27th June 2024.
 

The Visaman IPO will be listed on 1st July 2024.
 

Shreni Shares Limited is the book-running lead manager for 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.