Visaman Global Sales Limited IPO

NSE SME

Listed On: Jul 1, 2024 at ₹ 45.1

₹ 129000 /3000 Shares

Check Allotment

Visaman Global Sales Limited IPO Details

24 Jun, 2024

Open Date

26 Jun, 2024

Close Date

27 Jun, 2024

Allotment Date

01 Jul, 2024

Listing Date

Issue Price

₹43 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

45.1

Listing Date

2024-07-01

Market Lot

3000 Shares (₹129,000/-)

Lead Manager

Shreni Shares Limited

Issue Size

3,732,000 shares(aggregating up to ₹16.05 Cr)

Retail Portion

50%

Subscription

39.88 times

IPO Docs

DRHP RHP

Visaman Global Sales Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,770,000	1,770,000	3,540,000
Day 1 - 24-06-24 06:00 PM	0.28 x	1.81 x	1.05 x
Day 2 - 25-06-24 06:00 PM	1.65 x	8.93 x	5.30 x
Day 3 - 26-06-24 06:00 PM	28.22 x	51.54 x	39.88 x

Total No. of Applications: 30,407 (Approx)

Visaman Global Sales Limited Valuations

EPS Pre IPO

₹1.12/-

EPS Post IPO

₹0.98/-

P/E Pre IPO

38.25

P/E Post IPO

43.84

RoNW

9.28%

Visaman Global Sales Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	5,863.95	3,982.42	2,727.20
Revenue	37,605.01	32,407.29	13,636.19
Profit After Tax	113.33	94.66	33.47

About The Company

Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, roofing PUF panel, and wall PUF panel.

The company offers customization to meet specific customer requirements for product size and dimensions.The company is an ISO 9001:2015 certified organization.

The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh.

As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.

Visaman Global Sales Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.98%

Company Promoter(s)

Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.

Visaman Global Sales Limited IPO - Issue Objectives

Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
Funding Working Capital Requirements of the company
General corporate purposes.

Visaman Global Sales Limited IPO - FAQs

Ans. Visaman Global Sales Limited IPO is a SME IPO. The issue is priced at ₹43 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jun 24, 2024, and closes on Jun 26, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Visaman Global Sales Limited IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.

Ans. The size of Visaman Global Sales Limited IPO is 3,732,000 shares(aggregating up to ₹16.05 Cr).

Ans. The IPO price band is set between ₹43 per equity share.

Ans. To apply for Visaman Global Sales Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Visaman Global Sales Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Visaman Global Sales Limited IPO is Jun 27, 2024.

Ans. The Visaman Global Sales Limited IPO will be listed on Jul 1, 2024.

Ans. Follow the steps to check the allotment status for Visaman Global Sales Limited IPO here.