Visaman Global Sales Limited
IPO Details
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₹5(11.63%)
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Visaman Global Sales Limited's has transitioned to a publicly listed entity following its IPO debut on Jul 01, 2024 at the NSE exchange. The public offering successfully raised 37,32,000 Shares, consisting of 37,32,000 Sharesin new capital.
The IPO featured a competitive price range of ₹43 to ₹43 and minimum application size of 3000 shares. Market reception was evidenced through subscription activity between Jun 24, 2024 and Jun 26, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 27, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Visaman Global Sales Limited, established in June 2019, is a dynamic supplier of a wide range of steel and structural products, including round, square, and rectangle pipes, various structural steels, coils, sheets, plates, and roofing and wall PUF panels. An ISO 9001:2015 certified company, Visaman Global Sales focuses on customization to meet specific customer needs in terms of size and dimensions. With a well-placed stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh, the company ensures seamless distribution and product availability. As of March 15, 2024, it operates with a dedicated team of 41 employees across its offices and stockyards, ensuring smooth and efficient operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Loyal Customer Base: Visaman Global Sales Limited enjoys strong customer loyalty, ensuring steady demand for its products.
- Diverse Product Portfolio: A wide range of offerings allows the company to meet various customer needs and stay competitive in the market.
- Experienced Leadership: Guided by seasoned promoters and a skilled management team, the company benefits from strategic decision-making and sustainable growth.
- Legal Uncertainty: Ongoing litigation could impact Visaman Global Sales Limited’s business, reputation, and financial performance if outcomes are unfavorable.
- Product Quality Risks: Any defects in products may lead to liabilities, negative publicity, and increased costs, potentially affecting sales and operations.
- Market Fluctuations: The steel industry is cyclical and volatile. A drop in steel prices could reduce profit margins and impact the company’s financial health.
- Mr. Mitulkumar Sureshchandra Vasa
- Mr. Sureshchandra Gulabchand Vasa
- Ms. Avni M. Vasa
- Ms. Ilaben Sureshchandra Vasa
- Mr. Kular Brijesh N.
Visaman Global Sales Limited
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