Prizor Viztech Limited is launching an IPO with a fresh issue of 28,91,200 shares worth INR 25.15 crores. The company aims to fund capital expenditures for a display center, inventory storage, working capital, and general purposes.
Prizor Viztech IPO – Important Dates
| Prizor Viztech Limited IPO Date | July 12, 2024 to July 16, 2024 |
| Prizor Viztech Limited IPO Listing Date | July 22, 2024 |
| Prizor Viztech Limited IPO Price | INR 82-87 per share |
| Prizor Viztech Limited IPO Lot Size | 1600 shares |
| Prizor Viztech Limited IPO Total Issue Size | INR 25.15 crores |
| Prizor Viztech Limited IPO Basis of Allotment | July 18, 2024 |
| Prizor Viztech Limited IPO Initiation of Refunds | July 19, 2024 |
| Prizor Viztech Limited IPO Credit of Shares to Demat | July 19, 2024 |
| Prizor Viztech Limited IPO Issue Type | Book Built Issue IPO |
| Prizor Viztech Limited IPO Listing At | NSE SME |
Prizor Viztech Limited IPO – Company Profile
Prizor Viztech Limited provides security and surveillance solutions with various CCTV cameras, televisions, touch panels, and monitors. It offers video management software and serves 17 states and two union territories in India.
Their product portfolio is divided into two categories: (i) Security and Surveillance Solutions, including network cameras, HD analog cameras, and video recorders, and (ii) LED televisions, monitors, and touch panels.
Their Registered Office, workshops, and warehouses are in Ahmedabad. They source components domestically and internationally to assemble surveillance cameras. Since 2022, they’ve expanded to offer televisions, touch panels, and monitors under the “PRIZOR” brand.
Prizor VizTech Ltd IPO Fundamental Analysis
Prizor Viztech Limited Technologies’ financial analysis reveals a mixed performance. Revenue growth, increased equity and profitability, higher EPS, and improved RoNW highlight strong performance, though decreasing liquidity and rising total assets signal potential challenges.
- Revenue Trend: The revenue increased from ₹868.19 lakhs in March 2022 to ₹1,376.84 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 3,565.41 lakhs.
- Equity and Liabilities: Both equity and liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹3.60 lakhs in March 2022 to ₹557.44 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.05 in March 2022 to ₹7.53 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 4.10% to 83.67%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
Prizor Viztech IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 868.19 | 1,376.84 | 3,565.41 |
| Equity (₹ in lakhs) | 87.70 | 108.76 | 666.20 |
| Expenses (₹ in lakhs) | 867.82 | 1,364.12 | 2,808.40 |
| Profit and Loss After Tax (₹ in lakhs) | 3.60 | 21.06 | 557.44 |
| Diluted EPS only (₹) | 0.05 | 0.28 | 7.53 |
| Return on Net Worth (%) | 4.10 | 19.36 | 83.67 |
| NAV per Equity Share (₹) | 1.19 | 1.47 | 9.00 |
| Total Assets (in lakhs) | 538.87 | 862.84 | 2,461.80 |
| Total Liabilities (in lakhs) | 451.17 | 754.08 | 1,795.6 |
| Debt Equity Ratio | 3.57 | 4.90 | 1.45 |
| Current Ratio (in times) | 1.96 | 1.87 | 1.75 |
Prizor Viztech Limited IPO Peer Comparison
Prizor Viztech Limited shows strong performance with high EPS and RoNW. In contrast, Vintron Informatics Limited struggles with negative figures, while D-Link India Limited and Dixon Technologies (India) Limited demonstrate solid financial metrics and growth.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Prizor Viztech Limited | 10 | – | 7.53 | 83.67 | 9.00 |
| Vintron Informatics Limited | 1 | (267.79) | (0.14) | 8.51 | (1.61) |
| D-Link India Limited | 2 | 22.68 | 23.75 | 22.29 | 106.58 |
| Dixon Technologies (India) Limited | 2 | 356.16 | 35.53 | 18.10 | 195.84 |
Prizor VizTech Ltd IPO Objective
The main objective of Prizor Viztech Limited is to fund capital expenditure and working capital requirements.
- Funding of capital expenditure requirements of the company towards setting up of Display Centre and Inventory Storage in Ahmedabad, Gujarat: The company intends to utilize INR 4.19 crores from the Net Proceeds for capital expenditure, with INR 2.51 crores (60%) for the display center setup and INR 1.68 crores (40%) for expanding inventory storage and warehousing facilities.
- Funding the company’s working capital requirements: The company plans to utilize INR 14.00 crores from the Net Proceeds to fund its working capital requirements for Fiscal Year 2025, in addition to existing bank credit facilities of INR 5.87 crores.
- General Corporate Purpose: The company will deploy the balance of funds towards general corporate purposes, including strategic initiatives, partnerships, renovations, brand promotion, addressing business difficulties, and repayment of liabilities if required.
Prizor Viztech IPO Risks And Challenges
Prizor Viztech Limited’s risks include reliance on critical customers that could impact financial stability, potential conflicts in related party transactions despite legal compliance, and increasing litigation costs with no guarantee against adverse legal developments or future claims.
- Their reliance on a few key customers, who contribute significantly to the revenue, poses risks such as loss of business, reduced orders, or insolvency, adversely affecting their financial condition, operations, and profitability.
- Their related party transactions comply with legal provisions, but future transactions may involve conflicts of interest. Despite adherence to regulatory requirements, there is no assurance these transactions won’t adversely affect their financial condition or operations.
- Disclosed litigation amounts may increase due to new legal developments. They cannot guarantee favorable outcomes or immunity from future claims, regulatory actions, or employee grievances, which could adversely impact their expenses and liabilities.
Prizor VizTech Ltd IPO – Industry & Market Potential
The rapid growth of India’s ESDM sector, fueled by government initiatives such as Make in India and Digital India, attracts global investment and increases domestic production. The industry is pivotal for reaching US$ 1 trillion in digital economy value by 2025.
India’s electronics manufacturing industry is projected to reach US$520 billion by 2025, driven by rising demand and government initiatives like ‘Digital India’ and ‘Make in India.’ Electronics exports are expected to hit US$120 billion by 2026.
With strong policy support and increasing domestic demand, India’s ESDM sector is forecasted to grow to US$ 220 billion by 2025. Government initiatives and expanding middle-class affordability contribute to a projected 16.1% CAGR.
Prizor Viztech Limited IPO – Type of Offer
Prizor Viztech Limited is launching an IPO with a fresh issue of 28,91,200 shares worth INR 25.15 crores. The company aims to fund capital expenditures for a display center, inventory storage, working capital, and general purposes.
Prizor Viztech IPO Offer Size
The offer size of Prizor Viztech Limited is INR 25.15 crores, consisting of a fresh issue of 28,91,200 shares. The company seeks funds for capital expenditures for a display center, inventory storage, working capital, and general purposes.
Prizor Viztech Limited IPO Allotment Structure
Prizor Viztech Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 160,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 160,000 shares, are reserved for marker makers.
How to apply for a Prizor Viztech Limited IPO?
To apply for the Prizor Viztech Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Prizor Viztech Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Prizor Viztech Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Prizor Viztech Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Prizor Viztech Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Prizor Viztech Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Prizor Viztech Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Prizor Viztech Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Prizor Viztech Limited Ltd IPO Offer Registrar
The registrar for the Prizor Viztech Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri East, Mumbai – 400 093, Maharashtra, India.
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Prizor Viztech Limited Limited IPO – FAQs
The allotment date of the Prizor Viztech Limited IPO is July 18, 2024.
The price band of the issue is INR 82-87 per share.
The offer size of Prizor Viztech Limited is INR 25.15 crores, consisting of a fresh issue of 28,91,200 shares. The company seeks funds for capital expenditures for a display center, inventory storage, working capital, and general purposes.
The listing date of Prizor Viztech Limited’s IPO is July 22, 2024.
