July 1, 2024
admin
Visaman Global Sales IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
Visaman Global Sales IPO Post Listing Review:
The scrip is listed at Rs. 45.10, premium of 4.88% over the issue price. The listing has been quite above the expectations of the grey market.
What was the last GMP of Visaman Global Sales IPO?
GMP Rs. 5
Subject to rates: Rs. 11400
Subscription status of Visaman Global Sales IPO
|
Visaman IPO Subscription Closed |
||||
| QIB x | NII x | RII x | Total x | Applications |
| – | 28.12 | 51.54 | 42.20 | 30,407 / 51.54x |
What is the business of Visaman Global Sales ?
The Company is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc. Further, the company also provide the credit facility to its existing customers as value added service. It provides facility to pay later to the existing customers with good financial record in this case if the customers had paid all the outstanding amount in a proper time frame, then we
fix their credit worthiness via fix amount of credit limit and the credit days which varies with customers to customers.
In addition, it provides the facility of customization to meet the specific requirement of its customers w.r.t specific size, length, breadth, thickness etc. of the products. It sends the requisition to manufacturer for customization of specified products.
The company sells its products through a diversified sales & distribution mix viz. Business-to-Consumer (B to C), Business-to Channel (B to CH) and Business-to-Business (B to B).
Get more information about the company @ https://visamanglobalsales.com/
| Visaman Global Sales IPO Details | |
| IPO opens on | 24 June 2024 |
| IPO closes on | 26 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3732000 Shares / Rs 16.05 Crore |
| * Fresh Issue | – |
| * Offer for Sale | 3732000 Shares / Rs 16.05 Crore |
| Market Maker Portion | 192000 Shares |
| Net offer to Public | 3540000 Shares/ Rs.15.22 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.43 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
| Shares offered in Visaman Global Sales IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1770000 | 7.61 |
| RII (50%) | 1770000 | 7.61 |
| Total Shares | 3540000 | 15.22 |
| Retail portion will be oversubscribed by | 590 | |
| Forms | ||
| How much Shares to Apply in Visaman Global Sales IPO? | ||
| Min Retail Application | 3000 Shares | Rs. 129000 |
| Min HNI Application | 6000 Shares | Rs.258000 |
Who are the Promoters of Visaman Global Sales IPO?
The Promoters of the company are Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
What are the Objects of Visaman Global Sales IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
2.Funding Working Capital Requirements of the company; and
3.General corporate purposes.
| Visaman Global Sales IPO Tentative timetable | |
| IPO opens on | 24 June 2024 |
| IPO Closes on | 26 June 2024 |
| IPO Allotment on | 27 June 2024 |
| Refund Initiation | 28 June 2024 |
| Credit of Shares | 28 June 2024 |
| Listing on | 1 July 2024 |
| Registered Office of the Company Visaman Global Sales Limited C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80 Feet Road, Rajkot- 360002 |
| Who is the Lead Manager of Visaman Global Sales IPO? Shreni Shares Limited |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| Visaman Global Sales IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 136.36 | 0.33 | 0.42 | 5.92 |
| 2021-22 | 324.07 | 0.95 | 1.20 | 14.33 |
| 2022-23 | 376.05 | 1.13 | 1.12 | 11.40 |
| Book Value of the Share on | 31.03.2023 | Rs 9.86 | ||
| BV of the Share at cap price | after the IPO | Rs. 18.38 | ||
| Offer Price/upper band | Rs. 43 | |||
| Visaman Global Sales IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 38.39 |
| Price/BV Ratio | 4.36 |
| Upper price/BV after IPO | – |
How Visaman Global Sales IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Visaman Global Sales | 10 | 38.39 | |
| Shree Marutinandan Tubes | 10 | – | 2.54 |
| Swastik Pipes | 10 | – | 16.10 |
| Hitech Pipes | 10 | 42.78 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Visaman Global Sales IPO To the point Guidance
The Company is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc. So it is trading entity and hence operate in highly competitive environment.
Size: Net size of the IPO is Rs. 15.22 crore, which is not very large, compared to other SME IPOs. The retail portion is Rs. 7.61 Crore and NII portion is Rs.7.61 Crore. With just 590 applications, retail portion can be oversubscribed. So getting subscriptions is not an issue.
Financial Snapshot: The company has shown sharp rise in the topline and bottom-line during last 3 years. The net profit has shoot up to Rs. 1.13 crore compared to just Rs. 33 lacs in the year 2020-21. The shares are offered at PE multiple of 38.39. Being more or less a trading company, and the offer price at PE multiple of 38.39, the room for listing gains appears to be negligible. Not so attractive.
Quicklinks
Visaman Global Sales IPO GMP today details?
Visaman Global Sales IPO
Visaman Global Sales IPO FAQs
What is Visaman Global Sales IPO?
Visaman Global Sales is a SME IPO of 6617600 equity shares of the face value of Rs. 10 aggregating up to Rs.113.16 Crores. The issue is priced at Rs.161-171 per share. The minimum order quantity is 800 Shares.
When will Visaman Global Sales IPO open?
Visaman Global Sales IPO opens on June 25, 2024, and closes on June 27, 2024.
What is the lot size of Visaman Global Sales IPO?
Visaman Global Sales IPO lot size is 800 Shares, and the minimum amount required is Rs.136800.
How to apply for Visaman Global Sales IPO?
You can apply in Visaman Global Sales IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Visaman Global Sales IPO allotment?
The finalization of Basis of Allotment for Visaman Global Sales IPO will be done on 28 June, 2024, and the allotted shares will be credited to your demat account by July 1, 2024.
When is Visaman Global Sales IPO listing date?
Visaman Global Sales IPO listing date is July 2, 2024.
