IPO Details
Bidding Dates
24 Jun 24 - 26 Jun 24
Price Range ₹
43 - 0
Total Equity
₹ 16.05Cr
Lot Size
3000
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
About Company
Incorporated in June 2019, Visaman Global Sales Limited supplies a diverse range of products, including round, square, and rectangle pipes, various types 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 panels, and wall PUF panels. The company offers customization to meet specific customer requirements regarding product size and dimensions. Visaman Global Sales Limited 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 employs 41 staff members across its offices and stockyards.
Year Founded
27-06-2019
Promotor Details
Mitulkumar Sureshchandra Vasa
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 10079861 | 10079861 |
Offer to Public
37,32,000.00 Cr
Highlights
- Visaman Global Sales Limited has cultivated a strong and loyal customer base, ensuring consistent demand for its products. This robust customer network is a testament to the company's reliability and quality of service, fostering long-term business relationships.
- The company benefits from the extensive experience of its promoters and management team. Their industry expertise and strategic vision drive the company’s growth and innovation, enabling it to navigate market challenges effectively and capitalize on new opportunities.
- With a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, Visaman Global Sales Limited enjoys a strategic location advantage. This geographic positioning facilitates efficient distribution and logistics, reducing transportation costs and ensuring timely delivery to customers.
- The company's ISO 9001:2015 certification underscores its commitment to quality management and continuous improvement. This certification assures customers of the company's adherence to international quality standards, enhancing its credibility and competitive edge in the market.
- Visaman Global Sales Limited places a strong emphasis on understanding and meeting the specific needs of its customers. This customer-centric approach enables the company to offer tailored solutions, thereby improving customer satisfaction and fostering loyalty.
Challenges
- The company is facing certain outstanding litigation, and any adverse outcomes could negatively impact its business, reputation, and financial performance.
- A substantial portion of the company's revenue is generated from the Gujarat region. Any adverse developments in this area could significantly affect its revenue and operational results.
- The company relies heavily on its top ten customers for a majority of its revenue. If any of these key customers decide to stop sourcing their requirements from the company, it could have a severe impact on its financial condition and operational outcomes.
- The demand and pricing in the steel industry are highly volatile and sensitive to cyclical changes. A decrease in steel prices could adversely affect the company’s business, operational margins, and financial health.
- The company has a high debt-equity ratio, necessitating significant cash flows to service its debt obligations. This financial burden, along with restrictions imposed by financing arrangements and interest rate fluctuations, may limit the company’s ability to operate freely and expand its business.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 3,980.76 | 480.00 | 94.66 | 94.66 | 1.3695 |
| 2023 | 5,911.39 | 700.00 | 17,37,871.00 | 17,37,871.00 | 0.7543 |
| 2020 | 13,28,62,616.00 | 1,60,00,000.00 | 17,37,871.00 | 17,37,871.00 | 0.7543 |
| 2021 | 2,725.65 | 480.00 | 94.66 | 94.66 | 1.3695 |
| 2024 | 7,157.80 | 1,008.00 | 94.66 | 94.66 | 1.3695 |
