Visaman Global Sales Limited IPO
- IPO Date24 Jun, 2024 to 26 Jun, 2024
- Listing Date01 Jul, 2024
- Face Value₹10 per share
- Issue Price₹43 to ₹43 per share
- Lot Size3000 Shares
- Minimum Investment₹1,29,000
- Listing AtNSE SME
- Total Issue Size37,32,000 Shares
(aggregating up to ₹16.05 Cr) - Fresh Issue37,32,000 Shares
(aggregating up to ₹16.05 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,00,79,999
- Shareholding post issue1,38,11,999
IPO Dates
Closing Date
26 Jun, 2024
Initiation of Refunds
28 Jun, 2024
Listing Date
01 Jul, 2024
24 Jun, 2024
Opening Date
27 Jun, 2024
Basis of Allotment
28 Jun, 2024
Credit of Shares
Visaman Global Sales Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 6000 | ₹2,58,000 |
| Retail (Min) | 1 | 3000 | ₹1,29,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,29,000 |
Visaman Global Sales Limited Promoter Holding
The Promoters of the company are Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.98% |
Visaman Global Sales Limited COMPANY INFORMATION
Visaman Global Sales IPO is a fixed price issue of Rs 16.05 crores. The issue is entirely a fresh issue of 37.32 lakh shares. Visaman Global Sales IPO opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Visaman Global Sales IPO is expected to be finalized on Thursday, June 27, 2024. Visaman Global Sales IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024. Visaman Global Sales IPO price is ₹43 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹129,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹258,000. Shreni Shares Limited is the book running lead manager of the Visaman Global Sales IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Visaman Global Sales IPO is Shreni Shares. Refer to Visaman Global Sales IPO RHP for detailed information.
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.
FAQs About Visaman Global Sales Limited Ipo
Visaman Global Sales Limited IPO will open on 24 Jun, 2024 and close on 26 Jun, 2024. Investors must apply within this period to participate.
The Visaman Global Sales Limited IPO price band is set between ₹43.00 and ₹43.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹129000.00.
The Visaman Global Sales Limited IPO shares are expected to be listed on 01 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Visaman Global Sales Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Visaman Global Sales Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.