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Open
24 Jun 2024
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Close
26 Jun 2024
3
Allotment
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Listing
Mon, Jul 1, 2024
Price Band
₹43 per share
Issue Size
37,32,000 shares (agg. up to ₹16 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Jul 1, 2024
Latest GMP
₹5
Est. Gain
11.63%
✦ AI Insight
GMP Trend
01-07-2024₹5Est. ₹48+11.63%
30-06-2024₹5Est. ₹48+11.63%
29-06-2024₹5Est. ₹48+11.63%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 39.46x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.02 | 58.64 | 39.82 | 27.27 |
| Total Income | 206.91 | 376.05 | 324.07 | 136.36 |
| Profit After Tax | 1.02 | 1.13 | 0.95 | 0.33 |
| NET Worth | 10.95 | 9.94 | 6.60 | 5.66 |
| Reserves and Surplus | 3.95 | 2.94 | 1.80 | 0.86 |
| Total Borrowing | 56.91 | 43.46 | 13.86 | 7.10 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹54.70 (+4.69%) |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.20 (-5.00%) |
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.95 (+0.00%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.44 (-1.11%) |
| Ratnaveer Precision Engineering Ltd. | Mainboard | ₹165.03 Cr | ₹98 | null | ₹129.35 | +31.99% | ₹175.53 (+0.03%) |
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.85 (-2.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India | 7.22 |
| 2 | Funding Working Capital Requirements of the Company | 7.00 |
| 3 | General corporate purposes | 0.22 |
About Visaman Global Sales IPO
Incorporated in June 2019, Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, roofing PUF panel, and wall PUF panel. The company offers customization to meet specific customer requirements for product size and dimensions. The company is an ISO 9001:2015 certified organization. The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh. As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.+ Read More
Contact Details
Visaman Global Sales Ltd. AddressC/o., Jain Traders, 8, SorathiawadiNear Narmada80 Feet RoadRajkot, Gujarat, 360002+91 90237 30627cs@visamansales.comVisit Website