Prizor Viztech Ltd IPO: Review, Valuation, Date & Todays GMP

Prizor Viztech Limited IPO - Complete Overview

Prizor Viztech Limited IPO announced by Prizor Viztech Limited was established in 2017 and offers a variety of CCTV cameras for use in retail, government, education, and infrastructure, along with security and surveillance solutions. In 2022, the company added televisions, touch panels, and monitors to its lineup of goods. These items are made by outside manufacturers and are marketed under the company's trademark. The business also sells video management software, which gives clients access to surveillance capabilities on a single display in one place.

There are two primary categories within the company's product portfolio:

• Network cameras, HD analog cameras, network video recorders, and digital video recorders are examples of security and surveillance solutions. 

• LED televisions, monitors, and touch panels are also included. 

17 states and 2 union territories in India - Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal - as well as the U.Ts of Jammu and Kashmir and the Andaman and Nicobar Islands - have received products from the company.

The organization has obtained ISO 9001:2015 and ISO 14001:2015 accreditation for its workshops. Furthermore, the organization is certified by the "Information Security Management System Standard" (ISO 27001:2013), demonstrating its dedication to data security and protecting private information.

The company employs 29 people permanently in a variety of departments as of July 2024.

Dear readers, we are pleased to provide details about the approaching IPO. The company plans to launch its IPO on July 12, 2024. Let's take a closer look at the IPO's offerings below.

 

 

Prizor Viztech Limited IPO Overview

Prizor Viztech IPO is an SME book-built issue of Rs.25.15 crore with a wholly Fresh Issue of 28.91 lac Shares (amounting to Rs.25.15crore) out of which 35% is allocated to retail investors, 50% to institutional investors and 15% to non-institutional-investors. 

The IPO will be available to investors on July 12, 2024, and conclude on July 16, 2024. The anticipated listing date for the IPO is Monday, July 22, 2024, and will be held on the NSE and SME. The price band of each Share is Rs.82 to Rs.87.

If you want to apply for the IPO, Click Here to Open a Demat Account.

 

Company Financial

The company's revenue increased by 155.95%, while profit after tax (PAT) increased by 2546.91% during the financial years ending March 31, 2024, and March 31, 2023. 

Below is the synopsis of the company's financial data for the financial year ending December 31, 2024.

• The total revenue from operations of the company is Rs.3,565.41 lac.

• The net worth of the company is Rs.666.20 lac.

• The company's EBITDA is Rs.822.36 lac.

• The total assets of the company is Rs.2,461.80 lac.
  
  

(Amount in Lacs)

Period	31 Mar 2024	31 Mar 2023	31 Mar 2022
Total Assets	2,461.80	862.84	538.87
Total Revenue	3,568.62	1,394.29	870.47
PAT	557.44	21.06	3.60
Net worth	666.20	108.76	87.70
Reserve & Surplus	586.20	28.76	7.70
Total Borrowings	964.86	532.84	313.28

 

Revenue Bifurcation

Below is the revenue breakdown for various activities:

(Amount in Lacs)

Net Cash flow in multiple Activities	31 Mar 2024	31 Mar 2023	31 Mar 2022
Net Cash Flow Operating Activities	-192.05	-176.19	-104.04
Net Cash Flow Investing Activities	-185.80	-18.74	-2.86
Net Cash Flow Financing Activities	371.64	190.61	117.89

 

Product-wise Revenue Breakdown For The Financial Year Ending On March 31, 2024

 

Geography-wise Revenue Breakdown For The Financial Year Ending On March 31, 2024

(Values in Lacs)

 

State-wise Revenue Breakdown For The Financial Year Ending On March 31, 2024

(Values in Lacs)

Revenue Breakdown For Various Activities

(Values in Lacs)

Activities	FY 2023-2024	FY 2022-2023	FY 2021-2022
Assembling	2,286.23	938.04	730.64
Trading	1,066.12	433.60	137.00
Consulting and other technical services	213.06	5.20	0.55

 

 

Industry-wise Revenue Breakdown

(Values in Lacs)

Industry Type	FY 2023-2024	FY 2022-2023	FY 2021-2022
Education Industry	5.48	0.01	0.14
CA - Professional Industry	-	0.05	0.04
End User	1.29	1.93	0.63
Jeweler Industry	0.16	-	0.07
Food Industry	-	-	0.33
IT Product Recycling Industry	-	-	0.79
Transportation Industry	-	-	0.86
Housing Society	-	3.72	-
Machine Manufacturer	-	0.21	-
Printing Industry	-	0.41	-
Chemical Industry	77.50	-	-
Event Management	25.00	-	-
Garment Industry	0.36	-	–
General Commission Agents, Commodity Brokers & Auctioneers	110.00	-	-
IT Software Industry	2.97	-	-
Marine Industry	0.75	-	-
Oil & Petroleum Industry	0.82	-	-
Printing Industry	0.04	-	-
Temple - Religious	1.92	-	-
Total	226.29	6.33	2.86

 

The Objective Of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's capital expenditure needs for the construction of an inventory storage facility and display center in Ahmedabad, Gujarat.

• Acquiring machinery and plant at a current industrial facility.

• Corporate Goals in General.
  
  

Peers Of Prizor Viztech Limited

(As of March 31, 2023)

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Vintron Informatics Ltd.	1	-0.14	-267.79
D-Link India Limited	2	23.75	22.68
Dixon Technologies (India) Limited	2	35.53	356.16

 

 

Evaluation

The price of this IPO is Rs.82 to Rs.87 for each Share.

Evaluation Of P/E Ratio

Considering the Financial Year that concluded on 31 March 2024, with EPS of Rs.7.53 from the last year, the resulting P/E ratio is 11.55x.

Considering the weighted EPS of Rs.0.64 for the last three years, the P/E ratio is 135.93x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 37.02x.

Particulars	P/E Ratio
Highest	356.16
Lowest	-267.79
Average	37.02

In simple words, the P/E ratio of Prizor Viztech Limited-IPO (11.55x and 135.93x) when compared with one of its peers Dixon Technologies (India) Limited (P/E 356.16), has a much lower valuation and when compared with another peer Vintron Informatics Ltd. (P/E -267.79) has a higher valuation.

 

IPO's Strengths

• Broad product offering with applications in many industrial verticals

• Strong customer relationships

• Superior product quality

• Drawing on the expertise of our Directors and Promoter

• Effective Marketing Strategies
  
  

IPO’s Weaknesses

• A significant amount of its revenue is derived from a small number of important clients. Its profitability and operational outcomes could be materially harmed if it lost its relationship with any of its clients.

• Related party transactions are something that the company has done in the past and might do in the future. These transactions could present conflicts of interest for the equity shareholders.

• They plan to use a portion of the net proceeds to buy stores that aren't registered under the company's name.

• They are currently facing several legal actions that could harm its operations, reputation, and business.

• The labor-intensive industrial processes carried out by the company rely on labor availability. Should such labor not be available, it could have an impact on its business operations.

• Gujarat is where it receives a large amount of its revenue. Its revenue and operational performance may suffer from any unfavorable events that affect its activities in the Gujarat region.

• The percentage of its total earnings from operations for the fiscal year that ended on March 31, 2024, 2023, and 2022 that came from the sale of CCTV was 64.12%, 68.13%, and 84.16%, respectively. Its capacity to keep CCTV clients may be negatively impacted by any deterioration in its quality norms, an increase in competition, or a shift in the market for CCTV. They cannot guarantee that this segment will provide them with the same amount of business if any at all. This could have a negative impact on its earnings.

 

IPO GMP Today

The Latest GMP of Prizor Viztech Limited IPO is Rs.105.

Prizor Viztech Limited IPO Timetable (Tentative)

The IPO is scheduled from July 12 to July 16, 2024, with allotment on July 18, refund initiation on July 19, and listing on July 22, 2024.

Events	Date
IPO Opening Date	July 12, 2024
IPO Closing Date	July 16, 2024
IPO Allotment Date	July 18, 2024
Refund initiation	July 19, 2024
IPO Listing Date	July 22, 2024

 

Prizor Viztech Limited IPO Details 

The IPO with a face value of Rs.10 per share is set to start on July 12, close on 16 July, and offer a total issue size of 2,891,200 Shares (aggregating up to Rs.25.15 Cr) comprising a wholly fresh issue size of 2,891,200 Shares of Rs.25.15 Cr.

IPO Opening & Closing date	July 12, 2024 to July 16, 2024
Face Value	Rs.10 per Share
Issue Size	2,891,200 Shares of Rs.25.15 Cr
Offer for Sale	-
Fresh Issue	2,891,200 Shares of Rs.25.15 Cr
Listing at	NSE, SME
Issue Type	Book Built Issue IPO
Registrar	Bigshare Services Pvt Ltd

 

 

Prizor Viztech Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.139200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.278400.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

Prizor Viztech Limited IPO Reservation

QIB Share Portion	50%
Retail Investors Share Portion	35%
NII Shares Portion	15%

 

Promoters And Management Of Prizor Viztech Limited IPO

• Ms. Mitali Dasharathbharthi Gauswami

• Mr. Gauswami Dasharathbharthi Gopalbharthi

Pre-issue Promoter shareholding	93.59%
Post-issue Promoter shareholding	68.28%

 

Prizor Viztech Limited IPO Lead Managers

• Shreni Shares Limited
  
  

Dividend Policy

The company has not paid any dividends in the last three years.

Conclusion

The company’s net worth, total assets, and liabilities have increased and EBITDA also rose in the last few financial years. The company desires to use the Net Proceeds from the Issue to Finance the company's capital expenditure needs for the construction of an inventory storage facility and display center in Ahmedabad, Gujarat, to acquire machinery and plant at a current industrial facility & Corporate Goals in General. To fulfill its objectives, the company is currently conducting an initial public offering (IPO) for the general public.

We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable information about the company's, insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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