Visaman Global IPO Details ( Visaman Global Sales Limited IPO Review )
(24 June 2024 – 26 June 2024)
Visaman Global Sales Limited, founded in June 2019, provides a diverse selection of products such as round, square, and rectangle pipes, various 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 panels, and wall PUF panels.
The company offers customizations to match specific customer needs for product sizes and dimensions.
Visaman Global Sales Limited is ISO 9001:2015 certified.
With a stockyard in Gujarat and warehouses in Gujarat and Madhya Pradesh, the company is well-equipped to serve its clients.
As of March 15, 2024, the company employs 41 staff members across its offices and stockyards.
Visaman Global Sales Limited IPO Competitive Strength
- Strong Customer Base
- Wide range of our products
- Leveraging the experience of our Promoters and management team
- Comprehensive solution for logistics requirement
- Existing Supplier Relationship
- Location Advantage
- ISO Certified Organization
- In depth understanding of customers’ requirements
Visaman Global IPO Financials Performance ( Results )
Visaman Global Sales Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 2,727.20 | 13,636.19 | 33.47 | 565.72 | 85.72 | 710.34 |
| 31-Mar-22 | 3,982.42 | 32,407.29 | 94.66 | 660.38 | 180.38 | 1,386.10 |
| 31-Mar-23 | 5,863.95 | 37,605.01 | 113.33 | 993.70 | 293.70 | 4,345.69 |
| 31-Dec-23 | 8,001.69 | 20,691.39 | 101.61 | 1,095.31 | 395.31 | 5,690.85 |
Objective of Visaman Global IPO Issue
- 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; and
- General corporate purposes.
Visaman Global IPO Basic Details
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | 3000 shares |
| Issue Size | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Fresh Issue | 3,732,000 shares (aggregating up to ₹16.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,079,999 |
| Share holding post issue | 13,811,999 |
Visaman Global IPO Reservation
| Market Maker Shares Offered | 5.14% of the Net Issue |
| NII (HNI) Shares Offered | 47.43% of the Net Issue |
| Retail Shares Offered | 47.43% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Visaman Global Sales IPO Timetable
Visaman IPO will open on June 24, 2024 and close on June 26, 2024. You can join Visaman IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 June 2024 (Monday) |
| Closing Date | 26 June 2024 (Wednesday) |
| Basis of Allotment | 27 June 2024 (Thursday) |
| Initiation of Refunds | 28 June 2024 (Friday) |
| Credit of Shares to Demat | 28 June 2024 (Friday) |
| Listing Date | 1 July 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 June 2024 |
Visaman IPO Lot Size
For retail investors in Visaman IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹129,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹129,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹129,000 |
| Retail (Max) | 1 | 3000 | ₹129,000 |
| S-HNI (Min) | 2 | 6000 | ₹258,000 |
Visaman Global IPO Promoter Holding
The company’s promoters include Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.98% |
Visaman Global Sales Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 59.39 |
| Earning Per Share (EPS) | ₹1.12 per Equity Share |
| Net Asset Value (NAV) | ₹9.86 per Equity Share |
| P/E Ratio (P/E) (x) | 38.25 |
| Post P/E Ratio (P/E) (x) | 43.84 |
| Return on Net Worth (RoNW) (%) | 9.28 |
| Return on equity (ROE) (%) | 9.28 |
| Return on Capital Employed (ROCE) (%) | 8.02 |
| Debt/Equity Ratio | 5.2 |
| Price/Book Value Ratio | 3.96 |
Visaman Global IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 30 June 2024 | ₹6 | – | – |
| 29 June 2024 | ₹6 | – | – |
| 28 June 2024 | ₹7 | – | – |
| 27 June 2024 | ₹8 | – | – |
Visaman Global IPO Detail Video:
link
Visaman Global IPO Subscription Status (Bidding Detail)
The Visaman Global IPO on June 26, 2024 at 7:02:00 PM was subscribed 42.20 times, with the retail category being subscribed 51.54 times, the other category being subscribed 28.12 times.
| Category | Subscription |
| Other | 28.12x |
| Retail | 51.54x |
| Total | 42.20x |
Visaman Global IPO Prospectus
| Visaman Global IPO DRHP | Download |
| Visaman Global IPO RHP | Download |
| Visaman Global IPO Anchor Investors Details PDF | Download |
Visaman Global IPO Rating
| Our Rating | 2.5/5.0 |
Visaman Global Company Contact Information
Visaman Global Sales Limited
Registered Office: C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80 Feet Road, Rajkot- 360002, Gujarat, India.
Tel: +91 90237 30627
E-mail: cs@visamansales.com
Website: https://visamanglobalsales.com//
Contact Person: Ms. Rawal Ankita Harsh, Company Secretary and Compliance Officer
Our Promoters: Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
Visaman Global IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Tel: +91 8108114949
E-mail: visamanglobal.smeipo@linkintime.co.in
Investor grievance e-mail: visamanglobal.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Visaman Global IPO Lead Manager
Shreni Shares Limited
(Formerly Known as Shreni Shares Private Limited)
Registered Office: Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai – 400067, Maharashtra, India
Telephone: 022 – 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Ms. Tanya Goyal
Website: www.shreni.in
SEBI Registration Number: INM000012759
Visaman Global IPO FAQs
What is the lot size of Visaman Global IPO?
The total size of Visaman Global IPO is ₹16.05 crores and this is a complete fresh Issue.
When will Visaman Global IPO start?
Visaman Global IPO will open from 24 June 2024 and IPO will close on 26 June 2024.
What is the open date of Visaman Global IPO?
Visaman Global IPO will open date from 24 June 2024.
What is the last date ( close date ) of Visaman Global IPO?
Visaman Global IPO will close from 26 June 2024.
What is the price band of Visaman Global IPO?
Visaman Global IPO price band is ₹43.
What is the minimum amount required to apply for Visaman Global IPO?
The minimum investment for retailers to apply for Visaman Global IPO is ₹129,000 and the maximum investment is ₹129,000.
What is going on gray market premium of Visaman Global IPO?
View gray market premium of Visaman Global IPO by Clicking Here
How much is the GMP of Visaman Global IPO?
Watch Visaman Global IPO GMP Today: Click Here
What is the allotment date of Visaman Global IPO?
The allotment date of Visaman Global IPO is 27 June 2024.
How to check allotment status in Visaman Global IPO?
To check the allotment status of Visaman Global IPO, first of all go to the registrar website by clicking here, select your bad Visaman Global IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Visaman Global IPO?
The listing date of Visaman Global IPO is 1 July 2024.
How much will be the listing gain in Visaman Global IPO?
View listing gain of Visaman Global IPO by Clicking Here
How much time Visaman Global IPO is subscribed?
Total 42.20 times subscribed in Visaman Global IPO out of which 51.54 times subscription was done in retail quota and 28.12 times subscription in other quota.
How to apply for Visaman Global IPO from Upstox?
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How to apply for Visaman Global IPO from Zerodha?
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