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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹16.05 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹16.05 Cr |
| Fresh Issue | ₹15.22 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹43.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | VISAMAN |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
Incorporated in June 2019, Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of 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 panel, and wall PUF panel.
The company offers customization to meet specific customer requirements for product size and dimensions.
The company is an ISO 9001:2015 certified organization.
The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh.
As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India | 7.22 |
| 2 | Funding Working Capital Requirements of the Company | 7.00 |
| 3 | General corporate purposes | 0.22 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.02 | 58.64 | 39.82 | 27.27 |
| Total Income | 206.91 | 376.05 | 324.07 | 136.36 |
| Profit After Tax | 1.02 | 1.13 | 0.95 | 0.33 |
| NET Worth | 10.95 | 9.94 | 6.60 | 5.66 |
| Reserves and Surplus | 3.95 | 2.94 | 1.80 | 0.86 |
| Total Borrowing | 56.91 | 43.46 | 13.86 | 7.10 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 9.28% |
| ROCE | 8.02% |
| Debt / Equity | 5.20% |
| RoNW | 9.28% |
| PAT Margin | 0.30% |
| Price to Book Value | 3.96 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.12 | 0.98 |
| P/E (x) | 38.25 | 43.84 |
| Promoter Holding | 100.00% | 72.98% |
| Market Cap | ₹59.39 Cr. | |
