Prizor Viztech: The Next Big Innovation in Visual Technology or a Risky Bet?

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

Prizor Viztech IPO Lot Size

Prizor Viztech IPO Objectives

The objectives of the Issue are:

1. The company aims to fund capital expenditures for a display center and inventory storage.
2. General Corporate Purpose.
3. 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.

Prizor Viztech IPO Reservation

Prizor Viztech IPO Timeline 

Prizor Viztech IPO opens on July 12, 2024, and closes 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.