Prizor Viztech IPO: Read full Details About Upcoming IPO

Prizor Viztech has come up with an offering of a public issue. This Initial Public Offering (IPO) will consist of a fresh issue of 2,891,200 equity shares. The total size of the offer is 2,891,200 Equity shares worth of Rs 25.15 Crore. This new IPO is being made through a book-built issue type with a reservation of not less than 50% of the net issue being offered to qualified institutional buyers, retail investors being offered not less than 35% of the net issue, and not less than 15% of the net issue is reserved for HNI category. This IPO opens for subscription from July 12, 2024, till July 16, 2024, whereas the listing date is decided on July 22, 2024, and refund initiation for those who will not get allotted the share is on June 19, 2024. However, keep in mind that the public offering is proposed to be listed on the NSE exchange on an SME segment.

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About Prizor Viztech Limited

Prizor Viztech Limited, established in 2017, provides security and surveillance solutions with a range of CCTV cameras for retail, government, education, and infrastructure sectors. In 2022, the company expanded its product line to include televisions, touch panels, and monitors, all under its own brand and manufactured by third parties. Additionally, Prizor Viztech offers video management software for comprehensive surveillance on a single monitor. With products supplied across 17 states and 2 union territories in India, the company holds ISO 9001:2015, ISO 14001:2015, and ISO 27001:2013 certifications, employing 29 permanent staff as of July 2024.

Primary Objectives of Public Issue

The company plans to allocate the Net Proceeds from the issue to several key areas. One major objective is to support the capital expenditure needed to establish a display centre and inventory storage in Ahmedabad, Gujarat. The funds will be used to meet the company's working capital requirements, ensuring smooth and efficient operations. Finally, a portion of the proceeds will be directed towards general corporate purposes, further strengthening the company's overall financial health and strategic initiatives.

Financial Performance of Prizor Viztech Limited (Amount in Rs Lakhs)

The company's revenue was reported to be Rs 35.69 Crore for the year ended March 2024, which shows an increase of 155.95%. The profit after tax improved to Rs 5.86 Crore, marking a massive increase of 2546.91% for the year ended March 2024 compared to March 2023.

Essential Details of the Prizor Viztech Public Issue 2024

Prizor Viztech IPO Tentative Timeline  

Reservation of Prizor Viztech IPO

Lot Size of Prizor Viztech IPO

One can bid for a minimum of 1600 shares and in multiples thereof

KPI of Prizor Viztech Limited

Lead Manager(s) of Prizor Viztech IPO 2024

The lead manager of Prizor Viztech IPO is Shreni Shares Private Limited.  

How to Apply for Prizor Viztech IPO 

The public issue will be open for subscription in a few days. You can click here to apply for the Prizor Viztech IPO with Bigul.

How to Check the Allotment Status of Prizor Viztech IPO 2024  

Bigshare Services Private Limited is the registrar for Prizor Viztech IPO. You can check your allotment status by clicking here.

FAQs   

1.  When is the IPO scheduled to open and close? 

Prizor Viztech IPO is scheduled to open for subscription on July 12, 2024, and closes on July 16, 2024.

2.      What will be the price band for the IPO?   

You can bid from Rs 82 to Rs 87 per share.

3.  What are the main objectives of this IPO?   

The company plans to allocate the Net Proceeds to support the capital expenditure needed to establish a Display Centre and Inventory Storage in Ahmedabad, Gujarat. The funds will be used to meet the company's working capital requirements, ensuring smooth and efficient operations. Finally, a portion of the proceeds will be directed towards general corporate purposes, further strengthening the company's overall financial health and strategic initiatives.

4.  How has Prizor Viztech Limited performed financially?

The company's revenue was reported to be Rs 35.69 Crore for the year ended March 2024, which shows an increase of 155.95%. The profit after tax improved to Rs 5.86 Crore, marking a massively increase of 2546.91% for the year ended March 2024 compare to March 2023.

5.  How can I apply for the Prizor Viztech IPO?   

Once the public issue is open for subscription, you can click here to apply for the Prizor Viztech IPO with Bigul.

6.  How can I check the allotment status of the IPO? 

Bigshare Services Private Limited is the registrar for Prizor Viztech IPO. You can check your allotment status by clicking here.

7.  Where will the IPO be listed?   

The IPO will be listed in the NSE SME segment (National Stock Exchange) (Small and Medium Enterprises).

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