The Visaman Global Sales IPO is set to open on June 24 and close on June 26. This NSE SME IPO aims to raise ₹16.05 crores. The price band is fixed at ₹43 per share with a market lot of 3000 shares.
Company Overview
Visaman Global specializes in supplying a variety of steel products, including round, square, and rectangular pipes, 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 panels, wall PUF panels, and more. The company also offers credit facilities to existing customers with good financial records, providing them the option to pay later based on a fixed credit limit and credit days.
Customization and Delivery Services
Visaman Global offers customization services to meet specific requirements regarding size, length, breadth, and thickness of products. If manufacturers cannot meet these specifications, the company outsources the customization to third-party process houses. Additionally, they provide onsite delivery services and are dealers of APL Apollo Tubes Limited.
Objects of the Issue
Funding capital expenditure requirements for setting up a manufacturing facility in Rajkot, Gujarat, India.
Funding working capital requirements of the company.
General corporate purposes.
Visaman Global IPO Review
(To be updated soon)
Visaman Global Sales IPO Date
| IPO Open: | June 24, 2024 |
| IPO Close: | June 26, 2024 |
| IPO Size: | Approx ₹16.05 Crores, 3,732,000 Equity Shares |
| Fresh Issue: | Approx ₹16.05 Crores, 3,732,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹43 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 51% of the net offer |
Check Also: GEM Enviro IPO: Dates, Review, GMP Price, and Allotment Details
Visaman Global Sales IPO Market Lot
The Visaman Global Sales IPO minimum market lot is 3000 shares with a ₹129,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹ 1,29,000 |
| Retail (Max) | 1 | 3000 | ₹ 1,29,000 |
| HNI (Min) | 2 | 6,000 | ₹ 2,58,000 |
Visaman Global Sales IPO Timeline (Tentative Schedule)
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Visaman Global Sales Limited Financial Information
Visaman Global Sales Limited’s revenue grew by 16.04%, and its profit after tax (PAT) increased by 19.72% between the financial years ending March 31, 2022, and March 31, 2023.
| Amount in ₹ Lakhs | ||||
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 8,001.69 | 5,863.95 | 3,982.42 | 2,727.20 |
| Revenue | 20,691.39 | 37,605.01 | 32,407.29 | 13,636.19 |
| Profit After Tax | 101.61 | 113.33 | 94.66 | 33.47 |
| Net Worth | 1,095.31 | 993.7 | 660.38 | 565.72 |
| Reserves and Surplus | 395.31 | 293.7 | 180.38 | 85.72 |
| Total Borrowing | 5,690.85 | 4,345.69 | 1,386.10 | 710.34 |
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 |
Peer Group
Shree Marutinandan Tubes Limited
Swastik Pipe Limited
Hi-Tech Pipes Limited
Company Promoters
- Mr. Mitulkumar Sureshchandra Vasa
- Mr. Sureshchandra Gulabchand Vasa
- Ms. Avni M. Vasa
- Ms. Ilaben Sureshchandra Vasa
- Mr. Kular Brijesh N
Visaman Global Sales IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: visamanglobal.smeipo@linkintime.co.in
Website: linkintime.co.in
Visaman Global Sales IPO Allotment Status
Check Visaman Global Sales IPO allotment status on the Link Intime website.
Visaman Global Sales IPO Lead Managers (Merchant Bankers)
Shreni Shares Limited
Company Address
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: visamanglobalsales.com
Visaman Global Sales IPO FAQs
What is Visaman Global Sales IPO?
Visaman Global Sales IPO is an NSE SME IPO aiming to raise ₹16.05 crores, priced at ₹43 per equity share. It will be listed on the NSE.
When will Visaman Global Sales IPO open?
The IPO opens on June 24, 2024, for QIB, NII, and Retail Investors.
What is the investors’ portion for Visaman Global Sales IPO?
The investors’ portion is 50% for NII and 50% for Retail.
How to apply for the Visaman Global Sales IPO?
You can apply via ASBA online through your bank account or UPI through your stock brokers. Offline forms are also available through your stock brokers.
How to apply for the Visaman Global Sales IPO through Zerodha?
Log in to Console on the Zerodha website or app. Go to Portfolio and click on IPO. Select “Visaman Global Sales” and click on Bid Button. Enter your UPI ID, quantity, and price, then submit the application form. Approve the mandate on your UPI app.
How to apply for the Visaman Global Sales IPO through Upstox?
Log in to the Upstox app. Select the IPO “Visaman Global Sales,” click on Bid Button, confirm your application, and approve the mandate on your UPI app.
How to apply for the Visaman Global Sales IPO through Paytm Money?
Log in to the Paytm Money app. Select the IPO “Visaman Global Sales,” click on Bid Button, confirm your application, and approve the mandate on your UPI app.
What is the size of Visaman Global Sales IPO?
The IPO size is ₹16.05 crores.
What is the price band for Visaman Global Sales IPO?
The price band is ₹43 per equity share.
What is the minimum and maximum lot size for Visaman Global Sales IPO?
The IPO bid is for 3000 shares, amounting to ₹129,000.
What is the allotment date for Visaman Global Sales IPO?
The allotment date is June 27, 2024.
What is the listing date for Visaman Global Sales IPO?
The listing date is July 1, 2024, on NSE SME.
