Visaman Global Sales IPO details Date, Price, GMP, Review, Details

Visaman Global Sales IPO Allotment Status Online

Visaman Global Sales IPO Details Today : Visaman Global Sales IPO Details Today is Open on 24 June 2024 and Close on 26 June 2024. Visaman Global Sales IPO to Raise 3,732,000 shares (Approx ₹16.05 Cr) via IPO. The Fresh issue of 3,732,000 shares (Approx ₹16.05 Cr). 

Our Company was originally incorporated on 27 June 2019 engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc.

End Use Industries – Aviation, Bridge,  Bus Stand ,  Fire Protection, Statues Towers, Wind Farms.

Authorized Distributor Partnert :-

1. STEEL AUTHORITY of INDIA LTD. (SAIL)
2. JSW STEEL LTD. For HR/CR/GP Plates, Sheets, Coils & Structural Steel

Our company also provide the credit facility to our existing customers as value added service.

We provide facility to pay later to the existing customers with good financial record in this case if the customers had paid all the outstanding amount in a proper time frame, then we fix their credit worthiness via fix amount of credit limit and the credit days which varies with customers to customers. we provide the facility of customization to meet the specific requirement of our customers w.r.t specific size, length, breadth, thickness etc. of our products.

We send the requisition to manufacturer for customization of specified products. Further, in certain cases, if the manufacturer is unable to do the specified customization, then, the same will be get done by the third-party process houses. The Company outsources the process of modification and alteration to the third party.

We outsource the process of modification and alteration to the third party. Additionally, we facilitate onsite delivery of our products to the customers. We are one of the dealers of APL Apollo Tubes Limited.

One tier Distribution – Direct to customer In this channel of distribution, the customer places their order directly to the Company and on basis of the same the Company procure specified quality and quantity of materials from the supplier or manufacturer and directly supply the  product to the customers.

Two tier Distribution – Supply through channel partner In this model, the customer places their order to the dealers and distributors or retailer (trade channels) and they send the
requisition to the company and on basis of the same the Company procure specified quality and quantity of materials from the supplier or manufacturer. Then after, the Company supply the product to the dealers and distributors or retailer (trade channels) and accordingly, they supply the same to the customers.

Three tier Distribution – Supply to stockyard to customers Here the Company procures the material from the suppliers or from the manufacturers and keep the stocks in there
stockyards as per requirements of the trade channel or direct customers the same material supplied to them. We sell our products through a diversified sales & distribution mix viz. Business-to-Consumer (B to C), Business-toChannel (B to CH) and Business-to-Business (B to B). Our capabilities as a Company includes strict quality assurance system and established marketing and distribution relationships. We strive to deliver customized products and provide quality services.

Visaman Global Sales IPO Date & Price Band Details

IPO Open Date 24 June 2024
IPO Close Date 26 June 2024
IPO Size 3,732,000 shares (Approx ₹16.05 Cr)
Fresh Issue 3,732,000 shares (Approx ₹16.05 Cr)
Lot Size 3000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹43 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

Visaman Global Sales IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹129,000
Retail Maximum 1 3000 ₹129,000
S-HNI Minimum 2 6000 ₹258,000

Object of the Issue

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

Visaman Global Sales IPO Allotment & Listings (Details)

IPO Open Date 24 June 2024
IPO Close Date 26 June 2024
Basis of Allotment 27 June 2024
Refunds 28 June 2024
Credit to Demat Account 28 June 2024
IPO Listing Date 1 July 2024

Visaman Global Sales Financial Reports

₹ in Crores
Year Revenue Expense PAT
Dec 2023 ₹206.91 ₹205.68 ₹1.02
2023 ₹376.05 ₹374.46 ₹1.13
2022 ₹324.07 ₹322.80 ₹0.95
2021 ₹136.06 ₹135.79 ₹0.33

Our Company Promoters

  1. Mr. Mitulkumar Sureshchandra Vasa
  2. Mr. Sureshchandra Gulabchand VasaMs.
  3. Avni M. Vasa
  4. Ms. Ilaben Sureshchandra Vasa
  5. Mr. Kular Brijesh N

Qualitative Factors

  • 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.

Visaman Global Sales Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per
Visaman Global Sales Limited 10.00 1.12 [.] 11.40% 14.20
Fresh Issue
Shree Marutinandan Tubes Limited 10.00 90.36 3.03 65.71% 137.50
Swastik Pipe Limited 10.00 4.53 17.91 4.35% 89.67
Hi-Tech Pipes Limited 1.00 3.06 45.34 9.04% 32.71

Comparison of accounting ratios with listed industry peers

  1. Visaman Global Sales Limited.
  2. Shree Marutinandan Tubes Limited.
  3. Swastik Pipe Limited.
  4. Hi-Tech Pipes Limited.

Visaman Global Sales Company Contact Details

C/o., Jain Traders, 8,
Sorathiawadi Near Narmada,
80 Feet Road, Rajkot- 360002, Gujarat, India.
Tel No.: +91 90237 30627
Email: cs@visamansales.com
Website: www.visamanglobalsales.com

Visaman Global Sales IPO Registrar

Link Intime India Private Limited
C-101, 247 Park, L B S Marg,
Vikhroli (West), Mumbai – 400 083,
Maharashtra, India
Tel No: +91 8108114949
Email: visamanglobal.smeipo@linkintime.co.in
Investor Grievance E-mail: visamanglobal.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan

Leave a Comment

Facebook
Twitter
WhatsApp
Telegram
LinkedIn