Issue Price
₹43
per equity share
Issue Size
37.32 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
3000
equity share
Please note
Listing at NSE
Visaman Global Sales Limited
Important Dates
IPO Open Date
24 Jun 2024
IPO Close Date
26 Jun 2024
Allotment Date
27 Jun 2024
Initiation of Refunds
28 Jun 2024
Credit of Shares to Demat Account
28 Jun 2024
IPO Listing Date
01 Jul 2024
UPI Mandate Expiry Date
26 Jun 2024
IPO Details
Visaman Global Sales has come up with an offering of a public issue. This Initial Public Offering (IPO) will consist of an entirely fresh issue of up to 3,732,000 equity shares, priced at Rs 43 per share. The total aggregated size of the offer amounts to Rs 16.05 Crore. This new IPO is being made through a Fixed Price 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 will be open for subscription from June 24, 2024, till June 26, 2024, whereas the listing date is decided on July 01, 2024, and refund initiation for those who will not get allotted the share will be on June 28, 2024. However, keep in mind that the public offering is proposed to be listed on the NSE exchange on an SME segment.
Don't let another opportunity slip away. Check your IPO status now!
Check Allotment StatusAbout Visaman Global Sales Limited
Visaman Global Sales Limited was founded in June 2019. The company has specialization in a diverse array of products, including round, square, and rectangular pipes, various types of structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, colour-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, an ISO 9001:2015 certified organization, provides customization services to meet specific customer requirements for product sizes and dimensions. With a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, Visaman Global Sales Limited employs 41 staff members across its offices and stockyards as of March 15, 2024.
Parent Organisation
Founded
2019
Managing Director
Mr. Mitulkumar Sureshchandra Vasa
IPO Objectives
The company said they utilize the Net Proceeds from the issue to fund various objects, including the funding of capital expenditure requirements for setting up a manufacturing facility at Rajkot, Gujarat, India. Next, they plan to fund working capital requirements and general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
Close