Visaman Global Sales Limited (NSE SME)
Jun 24, 2024 - Jun 26, 2024
| Price | ₹43 - ₹43 |
| Premium | ₹5 |
|---|---|
| Lot size | 3000 |
| Allotment | Jun 27, 2024 |
| Listing | Jul 1, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 129000 | 590 |
| HNI | 2 | 6000 | 258000 | 590 |
Last updated on 26-Jun-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1770000 | 49956000 | 28.22 |
| RETAIL | 1770000 | 91221000 | 51.54 |
| Total | 3540000 | 141177000 | 39.88 |
| Retail Apps | 30407 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.63 | @8% ₹1.86 | @9% ₹2.09 | @10% ₹2.33 | @11% ₹2.56 | @12% ₹2.79 |
Visaman Global Sales IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1770000 |
| Other | 47.4% | 1770000 |
| Market Maker | 5.14% | 192000 |
| Total No. of Shares | 100.0% | 3732000 |
Visaman Global Sales IPO Details
| 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 |
| Market Maker portion | 192,000 shares Shreni Shares |
Key Performance Indicator
| KPI | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 9.28% | 13.70% | 15.44% |
| ROCE | 8.02% | 11.43% | 13.24% |
| RONW | 9.28% | 11.40% | 14.33% |
| D/E | 5.2 | 4.37 | 2.1 |
| EPS (basic) | 1.01 | 1.12 | 1.2 |
| P/E Pre IPO | 38.25 | ||
| P/E Post IPO | 43.84 |
Company Financials
Visaman Global Sales Limited Financial Information (Restated)
Visaman Global Sales Limited's revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 8,001.69 | 5,863.95 | 3,982.42 | 2,727.20 |
| Revenue | 20,691.39 | 37,605.01 | 32,407.29 | 13,636.19 |
| Profit | 101.61 | 113.33 | 94.66 | 33.47 |
| Net Worth | 1,095.31 | 993.70 | 660.38 | 565.72 |
| Reserves | 395.31 | 293.70 | 180.38 | 85.72 |
| Borrowing | 5,690.85 | 4,345.69 | 1,386.10 | 710.34 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in June 2019, Visaman Global Sales Limited is a versatile supplier of an extensive range of products, including 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, an ISO 9001:2015 certified organization, is committed to meeting specific customer requirements through product customization for size and dimensions. With a strategic stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, Visaman Global Sales ensures efficient distribution and availability of its products. As of March 15, 2024, the company employs 41 staff members across its offices and stockyards, maintaining robust operational capabilities.
Strength Factors
Strong Customer Base: Visaman Global Sales Limited benefits from a robust and loyal customer base, ensuring consistent demand for its products.
Wide Product Range: The Company offers a diverse array of products, catering to various customer needs and enhancing market competitiveness.
Experienced Leadership: The expertise of its promoters and management team drives effective decision-making and strategic growth.
Risk Factors
Litigation Risks: Outstanding litigation against Visaman Global Sales Limited may negatively impact its business, reputation, and operational results if outcomes are adverse.
Product Defects and Publicity: Defects in products could lead to liability, negative publicity, and substantial costs, potentially harming business operations and sales.
Market Volatility: The steel industry's demand and pricing are volatile and cyclical. A decrease in steel prices could adversely affect the company's business, operational margins, and financial condition.
Visaman Global Sales IPO Lead Manager(s)
- Shreni Shares Limited
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