Visaman Global Sales is engaged in the business of supplying 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, wall PUF panel, etc. Further, The company also provides a credit facility to their existing customers as a value-added service. They provide a facility to pay later to the existing customers with good financial records in this case if the customers had paid all the outstanding amounts in a proper time frame, then they fix their creditworthiness via fix amount of credit limit and the credit days which varies with customers to customers.
In addition, they provide the facility of customization to meet the specific requirements of their customers w.r.t specific size, length, breadth, thickness, etc. of their products. They send the requisition to the 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 a third party. They outsource the process of modification and alteration to a third party. Additionally, they facilitate onsite delivery of our products to the customers. They are one of the dealers of APL Apollo Tubes Limited.
Objects of the Issue:
- Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
- Funding Working Capital Requirements of the company;
- General corporate purposes.
Visaman Global Sales IPO Review
- Avoid
Visaman Global Sales IPO Date & Price Band Details
| 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Visaman Global Sales IPO Market Lot
The Visaman Global Sales IPO minimum market lot is 3000 shares with a ₹129,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹129,000 |
| Retail Maximum | 1 | 3000 | ₹129,000 |
| S-HNI Minimum | 2 | 6000 | ₹258,000 |
Visaman Global Sales IPO Dates
The Visaman Global Sales IPO date is June 24 and the IPO close date is June 26. The IPO allotment date is June 27 and the IPO might list on July 1.
| IPO Open Date: | June 24, 2024 |
| IPO Close Date: | June 26, 2024 |
| Basis of Allotment: | June 27, 2024 |
| Refunds: | June 28, 2024 |
| Credit to Demat Account: | June 28, 2024 |
| IPO Listing Date: | July 1, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Visaman Global Sales IPO Form
How to apply Visaman Global Sales IPO? You can apply Visaman Global Sales IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Visaman Global Sales IPO in the Invest section. The other option you can apply Visaman Global Sales IPO via IPO forms download via the NSE website. Check out the Visaman Global Sales forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Visaman Global Sales Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹136.36 | ₹135.79 | ₹0.33 |
| 2022 | ₹324.07 | ₹322.80 | ₹0.95 |
| 2023 | ₹376.05 | ₹374.46 | ₹1.13 |
| Dec 2023 | ₹206.91 | ₹205.68 | ₹1.02 |
Visaman Global Sales IPO Valuation – FY2023
Check Visaman Global Sales IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.12 per Equity Share |
| Price/Earning P/E Ratio: | 38.39 |
| Return on Net Worth (RoNW): | 11.40% |
| Net Asset Value (NAV): | ₹9.86 per Equity Share |
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: [email protected]
Website: https://linkintime.co.in/
Visaman Global Sales IPO Allotment Status
Check Visaman Global Sales IPO allotment status on Link Intime website URL. Click Here
Visaman Global Sales IPO Lead Managers aka 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: [email protected]
Website: https://visamanglobalsales.com/
