Visaman Global Sales Limited

24 Jun 2024 - 26 Jun 2024 Individual Category SME NSE

Min Investment

₹258000

Price Band

₹43

Issue Size

37.32 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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24 Jun 2024

Open Date

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26 Jun 2024

Close Date

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27 Jun 2024

Allotment Date

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01 Jul 2024

Listing Date

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.

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About 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.

Founded

2019

Managing Director

Mr. Mitulkumar Sureshchandra Vasa

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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