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SME IPO Status: Listed [24th Jun 2024 to 26th Jun 2024]
Visaman Global Sales IPO, a SME IPO of ₹16.05 Cr was launced on 24-06-2024 to 26-06-2024 and the shares got listed on NSE SME on 01-07-2024.
The public issue of Visaman Global Sales IPO (VISAMAN) was offered at ₹43.00 per share and the ipo was listed at ₹45.10. It has delivered listing gain of 4.88%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 6300.00 per lot return on listing.
| SME IPO Issue Opening Date: | 24th Jun 2024 |
| SME IPO Issue Closing Date: | 26th Jun 2024 |
| SME IPO Issue Price: | ₹43.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹16.05 Cr |
| Fresh Issue: | ₹16.05 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.98% |
| Allotment Status: | Allotment Status |
| NSE Code: | VISAMAN |
Get important updates regarding Visaman Global Sales SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Jun 2024 |
| Refunds Initiation* | 28th Jun 2024 |
| Credit of Shares to Demat* | 28th Jun 2024 |
| SME IPO Listing Date* | 1st Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹43.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹129000 |
| Min HNI Lots: | 6000 shares (2 lots)- ₹258000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 01-07-2024 | 43.00 | 5 | 11400 | ₹48 (11.63%) | 1-Jul-2024 10:23 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Visaman Global Sales Limited was established in June 2019 and is engaged in the supply of round tubes, square tubes, rectangular tubes, various structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, Coltheir coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, Coltheir coated sheets, PUF roofing sheets, PUF wall panels etc. In addition, the company offers its existing customers a credit line as a value-added service.
In addition, the company offers its customers a credit line as a value-added service to meet the specific requirements of the customers in terms of size, length, width, thickness, etc. of the products. They send the request to the manufacturer for customization of the specified products. In certain cases, if the manufacturer cannot make the specified customizations, these are done by third party suppliers.
The Company distributes its products through a diversified sales and distribution mix, namely Business-to-Consumer (B to C), Business-to-Channel (B to CH) and Business-to-Business (B to B). The company's capabilities include a rigorous quality assurance system and established marketing and distribution relationships. The company strives to deliver customized products and provide high-quality services.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Iron & Steel Products | ₹16.05 Cr | https://visamanglobalsales.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,770,000 (50%) | 1,770,000 (50%) | 3,540,000 | |
| 1 | 24th Jun 2024 19:31 | 0.28x | 1.81x | 1.05x |
| 2 | 25th Jun 2024 19:31 | 1.65x | 8.93x | 5.30x |
| 3 | 26th Jun 2024 18:20 | 28.12x | 51.54x | 42.20x |
Visaman Global Sales Limited's revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | 993.70 | 660.38 | 565.72 |
| Reserves and Surplus | 395.31 | 293.70 | 180.38 | 85.72 |
| Total Borrowing | 5,690.85 | 4,345.69 | 1,386.10 | 710.34 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Visaman Global Sales Limited | 1.12 | 14.2 | 38.39 | 11.4 | ||
| Shree Marutinandan Tubes Ltd | 90.36 | 137.5 | 2.54 | 65.71 | ||
| Swastik Pipe Limited | 4.53 | 89.67 | 16.1 | 4.35 | ||
| Hi-tech Pipes Limited | 3.06 | 32.71 | 42.78 | 9.04 |
Last Updated on 05-Jul-2024 00:33:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Visaman Global Sales SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Visaman Global Sales SME IPO with Zerodha.
Alternate approch to apply in Visaman Global Sales SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Visaman Global Sales SME IPO Review and Important Updates
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To subscribe or apply in Visaman Global Sales SME IPO, you can use the following methods:
| Visaman Global Sales SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Visaman Global Sales SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Visaman Global Sales SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Visaman Global Sales SME IPO. Most of the Syndicate Banks provide access to apply in Visaman Global Sales IPO via ASBA process. You must have your net banking access, DP ID information to apply in Visaman Global Sales SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Visaman Global Sales SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Visaman Global Sales SME IPO Review and Important Updates
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Visaman Global Sales SME IPO is going to be list on 01-07-2024. NSE Code for Visaman Global Sales is VISAMAN.
Other relevant questions:
When Visaman Global Sales SME IPO will be listing? Visaman Global Sales SME IPO NSE listing date?Visaman Global Sales SME IPO date of listing
Visaman Global Sales SME IPO Allotment Date is 27-06-2024.
Other relevant questions:
Visaman Global Sales SME IPO share allotment date?Visaman Global Sales SME IPO allotment date?
