Prizor Viztech (IPO) opens on July 12, 2024, and closes on July 16, 2024. The allotment for the Prizor Viztech IPO is anticipated to be completed on Thursday, July 18, 2024. The IPO will be listed on the NSE and SME, with a tentative date of Monday, July 22, 2024.
The price band for the Prizor Viztech IPO is set at Rs 82 to 87 per share. The IPO is a book-built issue of Rs 25.15 crores, entirely a fresh issue of 28.91 lakh shares.
Prizor Viztech IPO Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,891,200 shares (aggregating up to ₹25.15 Cr) |
| Fresh Issue | 2,891,200 shares (aggregating up to ₹25.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 7,800,003 |
| Shareholding post issue | 10,691,203 |
| Market Maker portion | 160,000 shares |
Prizor Viztech IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3200 | ₹278,400 |
Prizor Viztech IPO Objectives
The objectives of the Issue are:
- The company aims to fund capital expenditures for a display center and inventory storage.
- General Corporate Purpose.
- Funding Working Capital Requirements of the company.
About Prizor Viztech Limited
Based in Ahmedabad, Prizor Viztech Limited serves across 17 states and two union territories in India. Incorporated in 2017, the company provides security and surveillance solutions with a wide range of CCTV cameras for retail, government, education, and infrastructure sectors. Since 2022, Prizor Viztech has expanded its product line to include network cameras, HD analog cameras, video recorders, LED televisions, and monitors, all assembled under the “PRIZOR” brand. These products are globally sourced and manufactured by third parties. Additionally, the company offers video management software that provides surveillance features to customers on a single monitor and location.
Prizor Viztech Limited Financial Information
Prizor Viztech Limited’s revenue increased by 155.95% and profit after tax (PAT) rose by 2546.91% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,461.80 | 862.84 | 538.87 |
| Revenue | 3,568.62 | 1,394.29 | 870.47 |
| Profit After Tax | 557.44 | 21.06 | 3.60 |
| Net Worth | 666.20 | 108.76 | 87.70 |
| Reserves and Surplus | 586.20 | 28.76 | 7.70 |
| Total Borrowing | 964.86 | 532.84 | 313.28 |
Prizor Viztech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Issue |
Prizor Viztech IPO Timeline
Prizor Viztech IPO opens on July 12, 2024, and closes on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| A credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
Conclusion
Prizor Viztech Limited, a leading provider of security and surveillance solutions, is launching its IPO from July 12 to July 16, 2024, aiming to raise Rs 25.15 crores through a fresh issue of 28.91 lakh shares, priced between Rs 82 and Rs 87 per share. The IPO, a book-built issue, will be listed on the NSE SME platform. With significant financial growth—a 155.95% increase in revenue and a 2546.91% rise in profit after tax from FY 2023 to FY 2024—the company plans to use the funds for capital expenditures, general corporate purposes, and working capital requirements. Key dates include the basis of allotment on July 18 and the listing on July 22, 2024.
