Visaman Global Sales IPO Details, Date, Allotment

Visaman Global Sales IPO: Visaman Global Sales Limited IPO is open for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the IPO is expected on June 27, 2024. Visaman Global Sales IPO will be listed on NSE SME with a listing date fixed as July 01, 2024.

Visaman Global Sales IPO is a fixed price issue amounting to Rs 16.05 crores. The entire issue comprises a fresh offering of 37.32 lakh shares. The price band for the IPO is fixed at ₹43 per share.

Source from Visaman Global Sales IPO RHP

Visaman Global Sales IPO Details

Open DateJune 24, 2024
Close DateJune 26, 2024
Listing DateJuly 01, 2024
IPO SizeAggregating up to ₹30.46 Cr.
Fresh Issue47.6 lakh shares
Face Value₹10 per share
IPO Price Band₹62 to ₹64 per share
IPO Listing onNSE SME
Lot Size3000 Shares
OFSNA
Share Offered to Retail35%
Share Offered to QBI50%
Share Offered to HNI15%

Visaman Global Sales IPO Date

  • IPO Open Date: June 24, 2024
  • IPO Close Date: June 26, 2024
  • Allotment: June 27, 2024
  • Refunds: June 28, 2024
  • Shares Credit to Demat: June 28, 2024
  • Listing Date: July 01, 2024

Lot Size

Application TypeLotsSharesAmount (₹)
Retail (Min)13000₹129,000
Retail (Max)13000₹129,000
HNI (Min)26000₹258,000

Visaman Global Sales IPO GMP (Grey Market Premium)

If you want to know Visaman Global Sales IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Visaman Global Sales IPO Subscription Status

Visaman Global Sales IPO subscription starts on June 24, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Visaman Global Sales IPO Allotment Status

To check Visaman Global Sales IPO allotment status go to the IPO registrar website ”Link Intime India Pvt Ltd” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. Submit details and get the allotment status.

Know About Company

Visaman Global Sales Limited started in June 2019. We supply a wide range of products like pipes (round, square, rectangle), various types of structural steels, coils (BGL, GP, HR, CR, colour-coated), sheets (MS, GP, GC, CR, HR, colour-coated), plates, roofing PUF panels, and wall PUF panels.

Visaman Global Sales Limited customize products to fit specific customer needs for size and dimensions. The company is certified with ISO 9001:2015 for quality management.

Visaman Global Sales Limited have a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh.

Objects of the Issue

  1. Funding of capital expenditure requirements of our Company towards setting up of a manufacturing facility at
  2. Rajkot, Gujarat, India (“Proposed Facility”);
  3. Funding Working Capital Requirements of our Company; and
  4. General corporate purposes.

Promoters Holding

The company’s promoters are Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa, and Mr. Kular Brijesh N.

Before the issue, they held 100% of the shares. After the issue, their shareholding is 72.98%.

Visaman Global Sales Limited Financial Report

Period Ended31 Dec 2023 (₹ Lakhs)31 Mar 2023 (₹ Lakhs)31 Mar 2022 (₹ Lakhs)31 Mar 2021 (₹ Lakhs)
Assets8,001.695,863.953,982.422,727.20
Revenue20,691.3937,605.0132,407.2913,636.19
Profit After Tax101.61113.3394.6633.47
Net Worth1,095.31993.70660.38565.72
Total Borrowing5,690.854,345.691,386.10710.34

KPI Of Visaman Global Sales Limited

Key Financial PerformanceDec 31, 2023Mar 31, 2023Mar 31, 2022Mar 31, 2021
EBITDA (₹ Lakhs)573.36657.83279.30145.96
EBITDA Margin (%)2.77%1.75%0.86%1.07%
PAT (Profit After Tax) (₹ Lakhs)101.61113.3394.6633.47
PAT Margin (%)0.49%0.30%0.29%0.25%
Return on Equity (%)9.28%*13.70%15.44%9.01%
Debt to Equity Ratio (times)5.204.372.101.26
Note: Return on Equity for Dec 31, 2023, is marked with an asterisk () indicating it is for the period ended Dec 31, 2023, not a full year.

Peer Group

  • Shree Marutinandan Tubes Limited
  • Swastik Pipe Limited
  • Hi-Tech Pipes Limited

Visaman Global Sales Limited IPO Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L B S Marg, Vikhroli (West),
Mumbai – 400 083, Maharashtra, India
Tel: +91 8108114949
E-mail: visamanglobal.smeipo@linkintime.co.in
Investor grievance e-mail: visamanglobal.smeipo@linkintime.co.in
Website: www.linkintime.co.in

Visaman Global Sales Limited IPO Lead Manager

SHRENI SHARES LIMITED
(Formerly Known as Shreni Shares Private Limited)
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar
Poisar, Near Raghuleela Mall, Kandivali West, Mumbai – 400067, Maharashtra,
India
Telephone: 022 – 2089 7022
E-mail: shrenishares@gmail.com
Website: www.shreni.in

Visaman Global Sales Limited Contact

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 Limited IPO Application Form PDF

To download the Visaman Global Sales Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs

What is the IPO size of Visaman Global Sales Limited?

The IPO size is aggregating up to ₹30.46 crores. This includes a fresh issue of 47.6 lakh shares.

What is the price band for Visaman Global Sales Limited IPO?

The price band for the IPO is ₹62 to ₹64 per share.

When does the Visaman Global Sales Limited IPO open and close?

The IPO opens for subscription on June 24, 2024, and closes on June 26, 2024.

What are the financial highlights of Visaman Global Sales Limited?

For the latest period ending December 31, 2023, the company reported revenue of ₹20,690.95 lakhs and a PAT (Profit After Tax) of ₹101.61 lakhs. The company’s EBITDA for the same period was ₹573.36 lakhs, with an EBITDA margin of 2.77%.

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