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Visaman Global Sales IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Rajkot and caters to Metal sector. Shreni Shares is the merchant banker of Visaman Global Sales IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th April 2024.
Visaman Global Sales IPO open date is 24th June 2024 and close date is 26th June 2024. IPO Allotment Date is 27th June 2024 and Listing date is 1st July 2024.Visaman Global Sales IPO size is Rs 16.05 Cr. crores with IPO price of Rs 43.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Visaman Global Sales IPO. Link Intime India Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Visaman Global Sales IPO.
Visaman Global Sales IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Visaman Global Sales IPO, based in Rajkot, operates in the Metal sector with a focus on trading in pipes/sheets/coils of various metals. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Visaman Global Sales IPO size is ₹ 16.05 Cr. Crores with fresh issue size of Rs 16.05 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Visaman Global Sales IPO is expected to be 27th June 2024, after the finalization of basis of allotment. Investors can check Visaman Global Sales IPO allotment status on the registrars website, Link Intime India Private Limited. Visaman Global Sales IPO refund dates are 28th June 2024.
Visaman Global Sales IPO is expected to be listed on 1st July 2024.
The upper price band for the Visaman Global Sales IPO is set at ₹ 43.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Visaman Global Sales IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Visaman Global Sales IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 26th June 2024. After submission, funds are blocked until the basis of allotment of Visaman Global Sales IPO is finalised.
The merchant banker for Visaman Global Sales IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Visaman Global Sales IPO RHP for further details.
The registrar for Visaman Global Sales IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Visaman Global Sales IPO through their official website or helpline.
Visaman Global Sales IPO was subscribed 42.20 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 16.05 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.14 Cr.
Sector: Metal
SME IPO so far:
12
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Rajkot
SME IPO so far:
27
Revenue (annualised):
₹ 275.88 cr.
PE
Ratio:
43.84x
Average Sector PE Ratio: 20.67x
Visaman Global Sales IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Visaman Global Sales Financial Review Page
Merchant Banker(s) of Visaman Global Sales IPO: Shreni Shares Limited
Visaman Global Sales IPO subscription was 42.20 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Visaman Global Sales IPO listed at a listing price of 47.35 against the offer price of 43.00.
The current market price of Visaman Global Sales is 36.00.
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