Visaman Global Sales Limited IPO : Key Information

Visaman Global Sales Limited IPO is set to launch on 24 June, 2024. The company initiated its business operations in the year 2019. It manufactures and deals in various products. The product portfolio of the company includes square pipes, round pipes, rectangle pipes, BGL coils, various specification of structural steels, CR coils, HR coils, GP coils, colour coated coils, GP and GC sheets, MS sheets, HR sheets, CR sheets, roofing HUF panel, colour coated sheets, wall PUF panel etc. It has a godown in Gujarat and Madhya Pradesh. It has an employee base of 41 people.

Shivalic Power Control Limited : IPO DETAILS

Visaman Global Sales Limited IPO is set to launch on 24 June, 2024. The subscription timeline extends till 26 June, 2024. The size for the IPO is Rs. 16.05 Crore. The IPO offers fresh issues worth Rs 16.05 Crore. No shares are offered through offer for sale. The lot size is 3000 shares and the price is Rs.43 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Visaman Global Sales Limited IPO

IPO OPENING DATE	24 June, 2024
CLOSING DATE FOR IPO	26 June, 2024
ISSUE TYPE	Fixed Price Issue
Face Value per share	Rs. 10 per share
IPO price band	Rs. 43 per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	Rs. 16.05 Crore
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	Rs. 16.05 Crore
LISTING AT	NSE SME Board
LISTING DATE	1 July, 2024

Visaman Global Sales Limited IPO: IMPORTANT DATES

IPO OPENING DATE	24 June, 2024
CLOSING DATE FOR IPO	26 June, 2024
IPO ALLOTMENT DATE	27 June, 2024
REFUNDS	28 June, 2024
DEMAT A/C CREDITED ON	28 June, 2024
IPO LISTING DATE	1 July, 2024

Visaman Global Sales Limited IPO begins for subscription from 24 June, 2024. The IPO subscription would continue till 26 June, 2024. The allotment status for the shareholders who applied would come on 27 June, 2024. The refunds for the ones who did not get allotment would be initiated on 28 June, 2024. The DEMAT accounts of shareholders would be credited on 28 June, 2024. The listing of the company would be completed on 1 July, 2024.

Visaman Global Sales Limited IPO: Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum and maximum lot size for retail investors is 3000 shares, amounting to Rs. 129000. The minimum lot size for HNI is 6000 shares, amounting to Rs. 258000.

	Lots	Shares	Amount
Retail (Minimum)	1	3000 shares	Rs. 129000
Retail (Maximum)	1	3000 shares	Rs. 129000
HNI (Minimum)	2	6000 shares	Rs. 258000

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• General Corporate Expenses

COMPANY FINANCIALS

Particularly                  (in Rs. Lakhs)	2020-21	2021-22	2022-23	Dec – 2023
Asset	2727	3982	5863	8001
Revenue	13636	32407	37605	20691
PAT	33	94	113	101

Visaman Global Sales Limited IPO had an asset base of 2727 Lakh Rs in 2021 which increased to 3982 Lakh Rs in 2022. The asset base of the company boosted in 2023 at 5863 Lakh Rs. The revenue of the firm was 13636 Lakh Rs in 2021 which more than doubled to 32407 Lakh Rs in 2022. The revenue of the firm was 37605 Lakh Rs in 2023. The profit of the firm was 33 Lakh Rs in 2021 which increased to 94 Lakh Rs in 2022. The profit of the firm was at 113 lakh Rs in the year 2023.

PROS

• The product portfolio of the company includes square pipes, round pipes, rectangle pipes, BGL coils, various specification of structural steels, CR coils, HR coils, GP coils, colour coated coils, GP and GC sheets, MS sheets, HR sheets, CR sheets, roofing HUF panel, colour coated sheets, wall PUF panel etc.
• It has a godown in Gujarat and Madhya Pradesh. It has an employee base of 41 people.

Visaman Global Sales Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Visaman Global Sales Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.