Visaman Global Sales Ltd

Visaman Global Sales Ltd IPO

IPO Price Range: ₹43 - 43

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.

Min Investment

₹1,29,000

IPO Size

₹16 Cr

IPO Status

Closed

Quantity in 1 Lot

3000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Visaman Global Sales Ltd

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

Key Statistics

Bid Opening DateBid Opening Date24 Jun 2024
Bid Closing DateBid Closing Date26 Jun 2024
Allotment DateAllotment Date27 Jun 2024
Issue SizeIssue Size₹16.05Cr
Quantity in 1 lotQuantity in 1 lot3000

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Mitulkumar Sureshchandra Vasa36%
Sureshchandra Gulabchand Vasa51%
Avni M Vasa6%
Ilaben Sureshchandra Vasa7%
Kular Brijesh N0%

About Visaman Global Sales Ltd

OrganisationVisaman Global Sales Ltd
HeadquartersRajkot
IndustryTrading

Frequently Asked Questions

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

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

  • 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.

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

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

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

    The open and close dates of the Visaman Global Sales Ltd IPO are 24 Jun 2024 to 26 Jun 2024.

  • What is the lot size and minimum order quantity of the Visaman Global Sales Ltd IPO?

    The lot size and minimum order quantity of the Visaman Global Sales Ltd IPO are 3000 and 3000 respectively.

  • 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.