Visaman Global Sales is launching a Mainline IPO to raise Rs 16.05 crores. The IPO will open on June 24, 2024, and close on June 26, 2024. The allotment for the Visaman Global Sales IPO is expected to be finalized on Thursday, June 27, 2024. The IPO will be listed on NSE SME with a tentative listing date of Monday, July 1, 2024.

The Visaman Global Sales IPO price band is fixed at Rs 43 per share, with a market lot of 3000 shares.

Visaman Global Sales IPO Details

IPO DateJune 24, 2024 to June 26, 2024
Listing Date[.]
Face ValueRs 10 per share
PriceRs 43 per share
Lot Size3000 Shares
Total Issue Size3,732,000 shares
(aggregating up to ₹16.05 Cr)
Fresh Issue3,732,000 shares
(aggregating up to ₹16.05 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding pre issue10,079,999
Shareholding post issue13,811,999
Market Maker portion192,000 shares

Visaman Global Sales IPO Lot Size

Retail (Min)13000Rs 129,000
Retail (Max)13000Rs 129,000
HNI (Min)26000Rs 258,000

Visaman Global Sales IPO Objectives

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. General corporate purposes.
  2. Funding Working Capital Requirements of the company.
  3. Funding of capital expenditure requirements of the Company towards setting up
    of a manufacturing facility at Rajkot, Gujarat, India.

About Visaman Global Sales Ltd

Visaman Global Sales Ltd Incorporated in 2019 and supplies a wide range of products, including round pipes, square pipes, rectangular pipes, and various specifications of structural steel products. In addition to these long products, Visaman Global Sales Ltd also supplies structural steels customized to meet the specific needs of clients. These products include BGL coils, GP (GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, roofing PUF panels, and wall PUF panels.

As a supplier, Visaman Global Sales Ltd does not have any manufacturing facilities of its own. However, the company maintains a stockyard in Gujarat and warehouses across Gujarat and Madhya Pradesh.

The company currently employs a staff of 41 personnel across various functions and is an ISO 9001:2015 certified organization.

Visaman Global Sales Limited Financial Information

Visaman Global Sales Limited’s revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax101.61113.3394.6633.47
Net Worth1,095.31993.70660.38565.72
Reserves and Surplus395.31293.70180.3885.72
Total Borrowing5,690.854,345.691,386.10710.34

Visaman Global Sales IPO Timeline

IPO Open DateMonday, June 24, 2024
IPO Close DateWednesday, June 26, 2024
Basis of AllotmentThursday, June 27, 2024
Initiation of RefundsFriday, June 28, 2024
Credit of Shares to DematFriday, June 28, 202
Listing DateMonday, July 1, 2024
Cut-off time for UPI mandate confirmation5 PM on June 26, 2024


Visaman Global Sales Limited is launching its IPO from June 24 to June 26, 2024, aiming to raise Rs 16.05 crores by offering 3,732,000 shares at a fixed price of Rs 43 each. The IPO targets listing on the NSE SME on July 1, 2024. The company, incorporated in 2019, supplies various steel products but does not manufacture them, operating stockyards and warehouses in Gujarat and Madhya Pradesh. Financially, it has shown steady growth in revenue and profit over the past years. The raised funds will be used for general corporate purposes, working capital, and establishing a manufacturing facility in Rajkot.

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