Visaman Global Sales Limited is planning an IPO consisting of a fresh issue of 37,32,000 shares worth INR 16.05 crores. The company aims to fund a new manufacturing facility, working capital, and general corporate purposes.
Visaman Global Sales IPO – Important Dates
| Visaman Global Sales Limited IPO Date | June 24, 2024 to June 26, 2024 |
| Visaman Global Sales Limited IPO Listing Date | July 1, 2024 |
| Visaman Global Sales Limited IPO Price | INR 43 per share |
| Visaman Global Sales Limited IPO Lot Size | 3000 shares |
| Visaman Global Sales Limited IPO Total Issue Size | INR 16.05 crores |
| Visaman Global Sales Limited IPO Basis of Allotment | June 27, 2024 |
| Visaman Global Sales Limited IPO Initiation of Refunds | June 28, 2024 |
| Visaman Global Sales Limited IPO Credit of Shares to Demat | June 28, 2024 |
| Visaman Global Sales Limited IPO Issue Type | Fixed Price Issue IPO |
| Visaman Global Sales Limited IPO Listing At | NSE SME |
Visaman Global Sales Limited IPO – Company Profile
Visaman Global Sales Limited supplies various steel products, sheets, and coils and offers credit facilities to customers with good financial records. Visaman Global Sales Limited establishes credit limits and payment terms based on their payment history.
Specializing in steel product supply, customization, and on-site delivery, the company collaborates with manufacturers and third-party process houses for tailored products. Additionally, it serves as a dealer for a prominent tube manufacturer.
Utilizing a diversified sales approach—B2C, B2CH, and B2B—the company emphasizes strict quality assurance, established distribution channels, and customized offerings, ensuring quality products and services to customers.
Visaman Global Sales Ltd IPO Fundamental Analysis
Visaman Global Sales Limited Technologies’ financial analysis reveals a mixed performance. Revenue has increased annually but dipped in the current year’s 9-month period. Profitability surged, but EPS and RoNW declined, posing challenges amidst a strengthened financial position. .
- revenue Trend: The revenue increased from ₹32,403.96 lakhs in March 2022 to ₹37,603.46 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 20,690.95 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating risen reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹94.66 lakhs in March 2022 to ₹101.61 lakhs by December 2023. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹1.97 in March 2022 to ₹1.45 by December 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 14.33% to 9.28%, indicating a decrease 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 increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Visaman Global Sales IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 32,403.96 | 37,603.46 | 20,690.95 |
| Equity (₹ in lakhs) | 660.38 | 993.70 | 1,095.31 |
| Expenses (₹ in lakhs) | 32,279.63 | 37,446.26 | 20,567.60 |
| Profit and Loss After Tax (₹ in lakhs) | 94.66 | 113.33 | 101.61 |
| Diluted EPS only (₹) | 1.97 | 1.78 | 1.45 |
| Return on Net Worth (%) | 14.33 | 11.40 | 9.28 |
| NAV per Equity Share (₹) | 8.38 | 9.86 | 10.87 |
| Total Assets (in lakhs) | 3,982.42 | 5,863.95 | 8,001.69 |
| Total Liabilities (in lakhs) | 3,322.04 | 4,870.25 | 6,906.38 |
| Debt Equity Ratio | 2.10 | 4.37 | 5.20 |
| Current Ratio (in times) | 1.25 | 1.37 | 1.31 |
Visaman Global Sales Limited IPO Peer Comparison
Visaman Global Sales Limited demonstrates a moderate revenue stream alongside steady equity, robust profitability, modest earnings per share, a respectable return on net worth, and a stable asset base compared to its peer companies.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Visaman Global Sales Limited | 10 | 38.39 | 1.12 | 11.40 | 14.20 |
| Shree Marutinandan Tubes Limited | 10 | 2.54 | 90.36 | 65.71 | 137.50 |
| Swastik Pipe Limited | 10 | 16.10 | 4.53 | 4.35 | 89.67 |
| Hi-Tech Pipes Limited | 10 | 42.78 | 3.06 | 9.04 | 32.71 |
Visaman Global Sales Ltd IPO Objective
The main objective of Visaman Global Sales Limited is to secure funding for capital expenditure to establish a manufacturing facility in Rajkot, Gujarat, India, and to fulfill working capital requirements.
- Funding of capital expenditure requirements of the company towards setting up a manufacturing facility at Rajkot, Gujarat, India (“Proposed Facility”): The company intends to utilize INR 7.22 crores for capital expenditure to establish a manufacturing facility in Rajkot, Gujarat, aiming to streamline operations, enhance efficiency, and meet the growing demand for customized steel products.
- Funding the company’s working capital requirements: In fiscal year 2025, the company plans to utilize INR 7 crores from the Net Proceeds to supplement internal accruals and existing bank facilities.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including strategic initiatives, partnerships, joint ventures, acquisitions, facility renovation, brand promotion, repayment of liabilities, and meeting difficulties in the ordinary business.
Visaman Global Sales IPO Risks And Challenges
Visaman Global Sales Limited’s risk includes potential product failure, fluctuating steel prices, geographical revenue concentration in Gujarat, and challenges in expanding into new markets due to competition and regulatory disparities, highlighting uncertainties despite past performance.
- While striving to maintain quality standards, any product failure could lead to damage claims. Adverse publicity or unforeseen events impacting trust in products might adversely affect reputation and operations, though no such incidents occurred previously.
- Steel prices fluctuate due to factors like raw material availability, demand-supply dynamics, global production, trade measures, and economic conditions. Downturns may reduce demand, impacting revenue, margins, and financial health, and recovery is dependent on broader economic trends.
- Their revenue heavily relies on Gujarat, posing risks due to geographical concentration. Expansion into new markets may face challenges like competition from local players and regulatory differences. Past performance may not indicate future success.
Visaman Global Sales Ltd IPO – Industry & Market Potential
The steel sector plays a pivotal role in industrialization and economic development. As the world’s second-largest producer of crude steel, India showcases significant growth potential, driven by abundant raw materials and modern infrastructure, contributing to manufacturing and economic output.
India’s steel sector has experienced remarkable growth, with production and demand increasing substantially over the past decade. Future projections anticipate production exceeding 300 million tonnes by 2030-31, with consumption expected to rise to 206 million tonnes, fostering economic development and industrial progress.
Positioned as a cornerstone of India’s manufacturing aspirations, the steel sector is crucial in initiatives like Make in India. With a significant GDP share and growth potential, the nation targets increased production capacity and per capita steel consumption to drive economic progress.
Visaman Global Sales Limited IPO – Type of Offer
Visaman Global Sales Limited is coming up with an IPO consisting of a fresh issue of 37,32,000 shares worth INR 16.05 crores. The company aims to fund a new manufacturing facility, working capital, and general corporate purposes.
Visaman Global Sales Ltd IPO Offer Size
The offer size of Visaman Global Sales Limited is INR 16.05 crores, consisting of a fresh issue of 37,32,000 shares. The company seeks funds for a new manufacturing facility, working capital, and general corporate purposes.
Visaman Global Sales Limited IPO Allotment Structure
Visaman Global Sales Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 192,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 192,000 shares for this purpose.
How to apply for a Visaman Global Sales Limited IPO?
To apply for the Visaman Global Sales 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 Visaman Global Sales 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 Visaman Global Sales 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 Visaman Global Sales 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 Visaman Global Sales 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 Visaman Global Sales 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 Visaman Global Sales Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Visaman Global Sales 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.
Visaman Global Sales Limited Ltd IPO Offer Registrar
The registrar for the Visaman Global Sales Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L B S Marg, Vikhroli (West),
Mumbai – 400 083, Maharashtra, India
Tel: +91 8108114949
E-mail: [email protected]
Website: www.linkintime.co.in
Visaman Global Sales Limited Limited IPO – FAQs
The allotment date of the Visaman Global Sales Limited IPO is June 27, 2024.
The price band of the issue is INR 43 per share.
The offer size of Visaman Global Sales Limited is INR 16.05 crores, consisting of a fresh issue of 37,32,000 shares. The company seeks funds for a new manufacturing facility, working capital, and general corporate purposes.
The listing date of Visaman Global Sales Limited’s IPO is July 1, 2024.
