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×
- 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
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,29,000 |
| HNI | 2 | 6,000 | ₹2,58,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 7.61 | 392.25 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 1.01 | 1.12 | 1.2 |
| ROE | 9.28 | 13.7 | 15.44 |
| ROCE | 8.02 | 11.43 | 13.24 |
| RONW | 9.28 | 11.4 | 14.33 |
| PRE IPO(PE) | 38.25 | 0 | 0 |
| POST IPO(PE) | 43.84 | 0 | 0 |
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
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →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.