Visaman Global Sales Ltd

Visaman Global Sales Ltd IPO

Visaman Global Sales Ltd IPO Price Range is ₹43 - 43, with a minimum investment of ₹1,29,000 for 3000 shares.

₹1,29,000

/ 3000 shares

Minimum Investment

View Visaman Global Sales Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹43 - 43

Open Date

2024-06-24

Close Date

2024-06-26

IPO Size

₹16.05 Cr

Lot Size

3000 shares

Min Investment

₹1,29,000

Listing Exchange

NSE

Visaman Global Sales Ltd IPO Application Timeline

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Open Date24 Jun 2024
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Close Date26 Jun 2024
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Allotment Date27 Jun 2024
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Listing Date1 Jul 2024

Strengths and Risks

Strengths

Strengths

  • Strong Customer Base.

  • Strong Customer Base.

  • Leveraging the experience of its Promoters and Management Team.

  • Comprehensive solution for logistics requirement.

  • Existing Supplier Relationship.

  • Location Advantage.

  • ISO Certified Organization.

  • In depth understanding of customers requirements.


Risks

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in its products, which in turn could adversely affect the companys business operations and its sales could be diminished if the compan is associated with negative publicity.

  • The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on its business, results of operations margins and financial condition.

  • The company generates a substantial portion of revenue from the region of Gujarat. Any adverse developments affecting its operations in Gujarat region could have an adverse impact on its revenue and results of operations.

  • Its Revenue supply of Pipes contribute significantly to the company revenue from operation. Any loss of business from such products may adversely affect its revenues and profitability.

  • The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

  • Its business is a High Volume-Low Margin Business.

  • The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

  • The company depends on the success of its relationships with its customers. The companys top ten customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, the companys business, financial condition and results of operations may be adversely affected.

  • The company is heavily dependent on one of its suppliers, M/s. APL Apollo Tubes Limited for whom the company is distributors for procurement and sale of its traded goods. Any disruption of supply from such entities may affect its business operations.

How to Apply for Visaman Global Sales Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Visaman Global Sales Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Visaman Global Sales Ltd

Visaman Global Sales Limited is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc. Further, we also provide the credit facility to its existing customers as value added service. In addition, the company provides the facility of customization to meet the specific requirement of its customers. The Company outsources the process of modification and alteration to the third party. Additionally, the company facilitates onsite delivery of its products to the customers. It is one of the dealers of APL Apollo Tubes Limited.

Frequently Asked Questions of Visaman Global Sales Ltd IPO

What is the size of the Visaman Global Sales Ltd IPO?

The size of the Visaman Global Sales Ltd IPO is ₹16.05 Cr.

What is the allotment date of the Visaman Global Sales Ltd IPO?

Visaman Global Sales Ltd IPO allotment date is Jun 27, 2024 (tentative).

What are the open and close dates of the Visaman Global Sales Ltd IPO?

The Visaman Global Sales Ltd IPO will open on Jun 24, 2024 and close on Jun 26, 2024

What is the lot size of Visaman Global Sales Ltd IPO?

The lot size for the Visaman Global Sales Ltd IPO is 3000.

When will my Visaman Global Sales Ltd IPO order be placed?

Your Visaman Global Sales Ltd IPO order will be placed on Jun 24, 2024

Can we invest in Visaman Global Sales Ltd IPO?

Yes, once Visaman Global Sales Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Visaman Global Sales Ltd IPO?

The potential listing gains on the Visaman Global Sales Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Visaman Global Sales Ltd IPO?

'Pre-apply' for Visaman Global Sales Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.