Visaman Global Sales Ltd plans an IPO with 37,32,000 shares worth ₹16.05 crore to fund a new manufacturing facility, working capital, and general corporate purposes.
Open Date : June 24, 2024 Close Date : June 26, 2024 Allotment Date: June 27, 2024 Listing Date: July 1, 2024
IPO Price: INR 43 per share Lot Size: 3000 Shares Total Issue Size: INR 16.05 crores
Visaman Global Sales IPO analysis shows mixed performance: 1. Annual revenue growth observed. 2. Revenue dipped in the current 9-month period. 3. Profitability surged,EPS and RoNW declined. 4. Financial position strengthened.
1. Moderate revenue stream,Steady equity. 2. Robust profitability,Modest EPS. 3. Respectable RoNW. 4. Stable asset base compared to peers.
Visaman Global Sales IPO main objective: 1. Secure funding for capital expenditure. 2. Establish a manufacturing facility in Rajkot, Gujarat. 3. Fulfill working capital requirements.
Visaman Global Sales IPO risks: 1. Product failure,Fluctuating steel prices. 2. Revenue concentration in Gujarat. 3. Challenges in expanding markets due to competition & regulatory disparities.