Visaman Global Sales Limited

Company Profile
Company Name Visaman Global Sales Limited
Open Date 24-06-2024
Close Date 26-06-2024
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹43 per share
Issue Size 37,32,000 shares
Application Amount ₹1,29,000
Recommendation Avoid
Incorporated in 2019, Visaman Global Sales Limited has its registered office in Rajkot, Gujarat, India. The Company is engaged in the business of supplying round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, etc. The company also provides a credit facility to the existing customers as value added service. The company provides the facility of customization to meet the specific requirement of the customers As of March 15, 2024, the company has 41 employees on its payroll.
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Financial Summary in Lakhs

KPI’s 2022 2023 Dec-2023
Revenue 32,404 37,603 20,691
EBITDA 279.30 657.83 573.35
Net Profit 94.66 113.33 101.60
RoCE 29.32% 36.15% 26.75%
ROE 14.33% 11.40% 9.28%
P/E 21.83 24.16 29.66

Tentative Timeline

Opening Date 24-06-2024
Closing Date 26-06-2024
Basis of Allotment 27-06-2024
Initiation of Refunds 28-06-2024
Credit of Shares to Demat 28-06-2024
Listing Date 01-07-2024

Objects of the Issue

Funding capital expenditure requirements of the company towards setting up of a manufacturing facility at Rajkot.
Funding working capital requirements of the company.
General corporate purposes.

Contact Information

Registered Office Visaman Global Sales Limited C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80 Feet Road, Rajkot- 360002
Phone +91 90237 30627

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 192,000 (5.14%)
Other Shares Offered 1,770,000 (47.43%)
Retail Shares Offered 1,770,000 (47.43%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 72.98%

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