Visaman Global Sales Ltd IPO: Review, Valuation, Date & GMP

Visaman Global Sales Limited IPO-Complete Overview

Visaman Global Sales Limited, founded in June 2019, offers a diverse range of products, including round pipes, square pipes, rectangle pipes, various structural steel specifications, BGL coils, GP (GI) coils, HR loops, CR curls, variety-covered curls, MS sheets, GP and GC sheets, variety covered sheets, material PUF board, and wall PUF board.

The organization provides customization to satisfy unique customer needs for product size and dimensions. The company operates a stockyard in Gujarat and warehouses in Gujarat and Madhya Pradesh.

It has a registered share capital of Rs. 7.00 crore and an overall paid-up capital of the same amount. As of March 15, 2024, the company has 41 employees working in its offices and stockyards.

Dear readers, we are pleased to provide details about the approaching IPO. The company plans to launch its IPO on June 24, 2024.

Let's take a closer look at the IPO's offerings below.

Visaman Global Sales Limited IPO Overview

Visaman Global Sales Limited IPO is an SME Fixed Price IPO of Rs.16.05 crore with a whole Fresh Issue of 37.32 lacs equity shares (amounting to Rs.16.05 crore). The IPO will be available to investors on June 24, 2024, and conclude on June 26, 2024. The anticipated listing date for the IPO is Monday, July 1, 2024, and it will be held on the NSE and SME. The price band of the share is Rs.43.

If You want to apply for this IPO, Click Here to Open a Demat Account.

 

Company Financial

The following is the outline of the organization's monetary information for the Financial year that closed on 31 December 2023.

• The company’s total revenue for the period ended on 31 December 2023 is Rs. 20,691.39 lacs.
• The total expenses of the company are Rs.21,220.13 lacs.
• The company's EBITDA is Rs.573.36 lacs.
• The total assets of the company are Rs.8,001.69 lacs.

(Amount in lacs)

 

Revenue Bifurcation

Below is the revenue breakdown for various activities.

(Amount in lacs)

 

The Objective of Visaman Global Sales Limited IPO

The organization wants to utilize the Net Returns from the Issue to satisfy its objectives:

• Financing of capital consumption necessities of the Organization towards setting up an assembling office at Rajkot, Gujarat, India.
  
  
• Financing Working Capital Necessities of the Organization.
  
  
• General business needs.

 

Peers of Visaman Global Sales Limited

 

 

Evaluation

The price of this IPO is Rs.43 for each share.

 

Evaluation of P/E Ratio

The P/E Ratio of Visaman Global Sales Limited IPO is 38.39x.

 

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 22.10.

 

 

Visaman Global Sales Limited IPO Strengths 

• Solid Client Base.

• Utilizing the experience of our Advertisers and Supervisory crew.

• All-encompassing resolution to the logistical need.

• Existing Provider Relationship.

• Location Benefit.

• ISO Affirmed Association.

• Inside and out comprehension of clients' prerequisites.

 

Visaman Global Sales Limited IPO Weaknesses 

• The corporation is currently facing a lawsuit, the outcome of which could hurt its business, reputation, and operating results.

• The interest and value in the steel business are unstable and are delicate to the repeating idea of the enterprises it serves. A reduction in steel costs might affect its business, consequences of tasks edges, and monetary condition.

• The organization creates a significant piece of income from the district of Gujarat. Any unfriendly improvements influencing its activities in the Gujarat area could antagonistically affect its income and consequences of tasks.

• Its Income supply of Lines contributes altogether to the organization's income from activity. Any deficiency of business from such items may antagonistically influence its income and benefit.

 

IPO GMP Today

The Latest GMP of Visaman Global Sales Limited IPO is Rs.14

 

Visaman Global Sales Limited IPO timetable (Tentative)

The IPO is scheduled from June 24 to June 26, 2024, with allotment on June 27, refund initiation on June 28, and listing on July 1, 2024.

 

Visaman Global Sales Limited IPO Details 

The IPO with a face value of Rs.10 per share is set to start on June 24, close on 26 June, and offer a total issue size of 37.32 lac shares worth up to Rs.16.05 Cr a whole fresh issue.

 

Visaman Global Sales Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 lot (3000 shares) amounting to Rs.129000, while for HNI investors, the minimum lot is 2 (6000 shares) amounting to Rs.258000.

 

Visaman Global Sales Limited IPO Reservation

All applications, including qualified NRIs, FPIs, and FVCIs, will be dealt with similarly for distribution purposes, without any reservations made.

Promoters and Management of Visaman Global Sales Limited IPO

• Mr. Mitulkumar Sureshchandra Vasa

• Mr. Sureshchandra Gulabchand Vasa

• Ms. Avni M. Vasa

• Ms. Ilaben Sureshchandra Vasa

• Mr. Kular Brijesh N.

 

Visaman Global Sales Limited IPO Lead Managers:

Shreni Shares Limited

 

Dividend Policy

No Dividends were ever declared by the company.

 

Conclusion

The company has noticed a rise in its total assets and net worth in the previous Financial Year(s). To fulfill its objectives, the company is currently conducting an initial public offering (IPO) for the general public.

Hope the information presented in this blog will help you in letting you know about the company’s financial performance.

 

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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