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Visaman Global Sales Limited, established in June 2019, supplies various types of tubes, structural steels, and sheets, including round, square, and rectangular tubes, as well as coils and panels. They also offer a credit line to their customers, allowing for customized orders based on specific size and material requirements. If the manufacturer can’t fulfill these customizations, third-party suppliers are used.
The company sells its products through different channels, including direct to consumer, to businesses, and through other channels. They ensure product quality through a robust quality assurance system and maintain strong marketing and distribution relationships. The company’s goal is to deliver customized products and high-quality services to its customers.
Visaman Global Sales IPO Overview
Visaman Global Sales is planning to raise ₹16.05 crores through an Initial Public Offering selling fresh shares at ₹43 each. The IPO will be open from June 24 to June 26. Share allotment is expected to be completed by June 27, 2024 and shares are scheduled to be listed on NSE SME segment by July 1, 2024.
Currently, company’s promoters own 100% of the company. After the IPO, their ownership will drop to 72.98%. Link Intime is responsible for handling the IPO registration.
Visaman Global Sales IPO GMP
As of June 23, Visaman Global Sales IPO has a Grey Market Premium of ₹14. With the upper price band set at ₹43, the estimated listing price is ₹57 (Upper price band + today’s GMP). Indicating a gain of 32.56% per share.
Stay tuned with Trade Target for daily updates on Visaman Global Sales IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Visaman Global Sales GMP: ₹14 (32.56%)
- Date: 26– June – 2024
- Visaman Global Sales GMP: ₹14 (32.56%)
- Date: 25– June – 2024
- Visaman Global Sales GMP: ₹14 (32.56%)
- Date: 24– June – 2024
- Visaman Global Sales GMP: ₹14 (32.56%)
- Date: 23– June – 2024
- Visaman Global Sales GMP: ₹14 (32.56%)
How can one apply for Visaman Global Sales IPO?
For retail investors minimum investment starts with 1 lot including 3,000 shares at a cost of ₹129,000 and this is the maximum limit for retail investors to apply in Visaman Global Sales IPO.
For HNIs minimum investment in Visaman Global Sales’s IPO is set at 2 lots which includes 6,000 shares and costs ₹258,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
3000 |
₹129,000
|
|
Retail (Max) |
1 |
3000 |
₹129,000
|
|
S-HNI (Min) |
2 |
6000 |
₹258,000
|
Visaman Global Sales IPO Financial
Over the past three years, Visaman Global Sales has consistently increased its profits. On March 31, 2023, the company made a profit of ₹113.33 lakhs. This was higher than the previous year’s profit of ₹94.66 lakhs on March 31, 2022. Back on March 31, 2021, the profit was ₹33.47 lakhs.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
5,863.95
|
3,982.42
|
2,727.20
|
|
Revenue (₹ Lakhs) |
37,605.01
|
32,407.29
|
13,636.19
|
|
PAT (₹ Lakhs)
|
113.33
|
94.66
|
33.47
|
|
Total Borrowing (₹ Lakhs)
|
4,345.69
|
1,386.10
|
710.34
|
Visaman Global Sales Vs Peers
Visaman Global Sales has very low EPS and decent P/E in comparison to its peers.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Visaman Global Sales Limited
|
1.12
|
38.39
|
|
Shree Marutinandan Tubes
|
90.36
|
2.54
|
|
Swastik Pipe
|
4.53
|
89.67
|
|
Hi-tech Pipes
|
3.06
|
42.78
|
Expected Listing Date for Visaman Global Sales IPO
- Subscription Period: 24 June to 26 June
- Basis of Allotment Finalization: 27 June 2024
- Initiation of Refunds: 28 June 2024
- Demat Credits: 28 June 2024
- Listing Date: 1 July 2024
- Listing on: NSE SME
