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VGVISAMANListed

Visaman Global Sales Limited

Fixed Price Issue IPO · NSE

Price band
₹43 - ₹43
Lot size
3,000 shares
Issue amount
₹16.05 cr
Total subscription
39.88×
Current price₹107.6
Listing price ₹45.1
Watch live price ↗
Opens
24 Jun 2024
Closes
26 Jun 2024
Allotment
27 Jun 2024
Listing
1 Jul 2024

Offer at a glance

Issue overview

Issue size
37,32,000 shares
Face value
₹10 Per Equity Share
Minimum investment
₹1,29,000
Fresh issue
₹16.05 cr
Offer for sale
₹0 cr
Registrar
Link Intime India Private Limited
Listing exchange
NSE
Maximum investment
₹1,29,000
Issue type
Fixed Price Issue IPO
Shares before issue
1,00,79,999
Shares after issue
1,38,11,999

Lot sizes

CategoryLotsSharesAmount
RETAIL13,000₹1,29,000
HNI26,000₹2,58,000

Share reservation

RETAIL47.4%
Other47.4%
Market Maker 5.14%
Total No. of Shares 100%

Subscription & GMP

Subscription by category

Total subscribed39.88×

Missing multiples are calculated from bids and offered shares when available.

NIB28.22×
RETAIL51.54×

GMP history

02.557 Mar: ₹517 Nov: ₹526 Nov: ₹5
7 Mar₹526 Nov

Application-wise demand

CategoryReserved applicationsApplied applications
——

Subscription demand

Amounts in ₹ crore. HNI subcategories are included in the NII total.

CategoryOfferedDemand
RETAIL7.61392.25

Financial performance

Company financials

in ₹ Lakhs · Reported periods may include interim results.

Revenue & profitin ₹ Lakhs
010,00020,00030,00040,000Mar-21 · Revenue: 13,636.19Mar-21 · Profit after tax: 33.47Mar-21Mar-22 · Revenue: 32,407.29Mar-22 · Profit after tax: 94.66Mar-22Mar-23 · Revenue: 37,605.01Mar-23 · Profit after tax: 113.33Mar-23Dec-23 · Revenue: 20,691.39Dec-23 · Profit after tax: 101.61Dec-23
RevenueProfit after tax

Key performance indicators

MetricFeb-24 Mar-23 Mar-22
EPS1.011.121.2
ROE9.2813.715.44
ROCE8.0211.4313.24
RONW9.2811.414.33
PRE IPO(PE)38.2500
POST IPO(PE)43.8400

Values and labels as reported in the issue data.

Company information

Company profile

Visaman Global Sales Limited, established in June 2019, is a dynamic supplier of a wide range of steel and structural products, including round, square, and rectangle pipes, various structural steels, coils, sheets, plates, and roofing and wall PUF panels. An ISO 9001:2015 certified company, Visaman Global Sales focuses on customization to meet specific customer needs in terms of size and dimensions. With a well-placed stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, the company ensures seamless distribution and product availability. As of March 15, 2024, it operates with a dedicated team of 41 employees across its offices and stockyards, ensuring smooth and efficient operations.

Strengths

  • Loyal Customer Base: Visaman Global Sales Limited enjoys strong customer loyalty, ensuring steady demand for its products.
  • Diverse Product Portfolio: A wide range of offerings allows the company to meet various customer needs and stay competitive in the market.
  • Experienced Leadership: Guided by seasoned promoters and a skilled management team, the company benefits from strategic decision-making and sustainable growth.

Risk factors

  • Legal Uncertainty: Ongoing litigation could impact Visaman Global Sales Limited’s business, reputation, and financial performance if outcomes are unfavorable.
  • Product Quality Risks: Any defects in products may lead to liabilities, negative publicity, and increased costs, potentially affecting sales and operations.
  • Market Fluctuations: The steel industry is cyclical and volatile. A drop in steel prices could reduce profit margins and impact the company’s financial health.

Promoters

Mr. Mitulkumar Sureshchandra Vasa

Mr. Sureshchandra Gulabchand Vasa

Ms. Avni M. Vasa

Ms. Ilaben Sureshchandra Vasa

Mr. Kular Brijesh N.

Registrar & documents

Lead manager

Shreni Shares Limited

Registered office

C/o., Jain Traders, 8, Sorathiawadi, Near Narmada, 80 Feet Road, Rajkot- 360002

+91 90237 30627

[email protected]Company website ↗

Understanding VISAMAN IPO data

Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.