Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of 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 panel, and wall PUF panel.
The company offers customization to meet specific customer requirements for product size and dimensions. The company is an ISO 9001:2015 certified organization.
The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh. As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.
Visaman Global Sales IPO – Details
| IPO Opening Date | 24 June 2024 |
| IPO Closing Date | 26 June 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 37,32,000 Shares Worth ₹16.05 Crore Fresh Issue: 37,32,000 Shares Worth ₹16.05 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Visaman Global Sales IPO – Date Schedule
| IPO Open Date | 24 June 2024 |
| IPO Close Date | 26 June 2024 |
| Basis of Allotment | 27 June 2024 |
| Initiation of Refund | 28 June 2024 |
| Credit of Shares to Demat Account | 28 June 2024 |
| IPO Listing Date | 01 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Visaman Global Sales IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | ₹1,29,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,29,000 |
| HNI (Minimum) | 2 | 6000 | ₹2,58,000 |
Competitive Strengths
- 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;
Company Promoters
- Mr. Mitulkumar Sureshchandra Vasa
- Mr. Sureshchandra Gulabchand Vasa
- Ms. Avni M. Vasa
- Ms. Ilaben Sureshchandra Vasa
- Mr. Kular Brijesh N
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 136.36 | 135.79 | 0.33 | 7.10 |
| 31 March 2022 | 324.07 | 322.79 | 0.94 | 13.86 |
| 31 March 2023 | 376.05 | 374.46 | 1.13 | 43.45 |
| 31 December 2023 | 206.91 | 205.67 | 1.01 | 56.90 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt/Equity | 5.2 |
| RoNW | 9.28% |
| P/BV | 3.96 |
| PAT Margin (%) | 0.49 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.12 | 0.98 |
| P/E (x) | 38.25 | 43.84 |
Visaman Global Sales IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.98% |
Visaman Global Sales IPO Prospectus
Company Contact Information
| Visaman Global Sales Limited C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80 Feet Road, Rajkot- 360002 Phone: +91 90237 30627 Email: cs@visamansales.com Website: https://visamanglobalsales.com/ |
Visaman Global Sales IPO Registrar
| 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 |
Visaman Global Sales IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Visaman Global Sales IPO FAQs
| What is Visaman Global Sales IPO? Visaman Global Sales IPO is a SME IPO. The issue is priced at ₹43 per equity share. The IPO is to be listed on NSE SME. |
| When Visaman Global Sales IPO will open? The IPO is to open on 24 June 2024 for Retails – 50% and Others – 50% Investors. |
| How to Visaman Global Sales IPO? You can apply for Visaman Global Sales IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Visaman Global Sales IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Visaman Global Sales”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Visaman Global Sales IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Visaman Global Sales”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Visaman Global Sales IPO Size? Visaman Global Sales IPO size is ₹16.05 crores. |
| What is Visaman Global Sales IPO Price Band? Visaman Global Sales IPO Price Band is ₹43. |
| What is Visaman Global Sales IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,29,000 amount while the maximum bid is 3000 shares with ₹1,29,000. |
| What is the Visaman Global Sales IPO Allotment Date? Visaman Global Sales IPO allotment date is 27 June 2024. |
| What is the Visaman Global Sales IPO Listing Date? Visaman Global Sales IPO listing date is 01 July 2024. The IPO is to list on NSE SME. |
