Visaman Global Sales Ltd IPO

Visaman Global Sales Limited is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification 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, colour coated sheets, roofing PUF panel, wall PUF panel etc. Further, we also provide the credit facility to its existing customers as value added service. In addition, the company provides the facility of customization to meet the specific requirement of its customers. The Company outsources the process of modification and alteration to the third party. Additionally, the company facilitates onsite delivery of its products to the customers. It is one of the dealers of APL Apollo Tubes Limited.

Open Demat Account

50years

Visaman Global Sales Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
37.32 LTBA17.7 L100.8 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
24 Jun, 2426 Jun, 243000 TBA Fixed Price - SME01 Jul, 24

Visaman Global Sales Ltd IPO Dates

  • 24 Jun 2024

    Opening date

  • 26 Jun 2024

    Closing date

  • 27 Jun 2024

    Basis of
    Allotment

  • 28 Jun 2024

    Initiation of
    Refunds

  • 28 Jun 2024

    Credit of
    Shares

  • 01 Jul 2024

    Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x08415000
NII23.48x177000041556000
Retail51.57x177000091275000
Employee0x00
Total37.85x3732000141246000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Visaman Global Sales Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations2.081.390.54
EBITDA2.571.510.58
PAT1.130.950.33
Total Assets57.4738.2926.91
Share Capital7.004.804.80
Total Borrowings46.1416.3513.62
Operating Activities (Net Cash)1.621.070.37
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)46.1416.3513.62
Net Cashflow0.170.280.76

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Visaman Global Sales Ltd

The Company was originally incorporated on June 27, 2019 under the name Visaman Global Sales Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre having its registered office at C/o. Jain Traders, 8, Sorathiawadi near Narmada, 80 Feet Road, Rajkot, Gujarat- 360002, India. The Corporate Identification Number of the Company is U24311GJ2019PLC108862.

Global growth, estimated at 3.1 percent in 2023, is projected to remain at 3.1 percent in 2024 before rising modestly to 3.2 percent in 2025. Compared with that in the October 2023 WEO, the forecast for 2024 is about 0.2 percentage point higher, reflecting upgrades for China, the United States, and large emerging market and developing economies. Nevertheless, the projection for global growth in 2024 and 2025 is below the historical (2000-19) annual average of 3.8 percent, reflecting restrictive monetary policies and withdrawal of fiscal support, as well as low underlying productivity growth. Advanced economies are expected to see growth decline slightly in 2024 before rising in 2025, with a recovery in the euro area from low growth in 2023 and a moderation of growth in the United States. Emerging market and developing economies are expected to experience stable growth through 2024 and 2025, with regional differences. World trade growth is projected at 3.3 percent in 2024 and 3.6 percent in 2025, below its historical average growth rate of 4.9 percent. Rising trade distortions and geoeconomics fragmentation are expected to continue to weigh on the level of global trade. Countries imposed about 3,200 new restrictions on trade in 2022 and about 3,000 in 2023, up from about 1,100 in 2019, according to Global Trade Alert data. These forecasts are based on assumptions that fuel and nonfuel commodity prices will decline in 2024 and 2025 and that interest rates will decline in major economies. Annual average oil prices are projected to fall by about 2.3 percent in 2024, whereas nonfuel commodity prices are expected to fall by 0.9 percent. IMF staff projections are for policy rates to remain at current levels for the Federal Reserve, the European Central Bank, and the Bank of England until the second half of 2024, before gradually declining as inflation moves closer to targets. The Bank of Japan is projected to maintain an overall accommodative stance. For advanced economies, growth is projected to decline slightly from 1.6 percent in 2023 to 1.5 percent in 2024 before rising to 1.8 percent in 2025. An upward revision of 0.1 percentage point for 2024 reflects stronger-than-expected US growth, partly offset by weaker-than-expected growth in the euro area. In the United States, growth is projected to fall from 2.5 percent in 2023 to 2.1 percent in 2024 and 1.7 percent in 2025, with the lagged effects of monetary policy tightening, gradual fiscal tightening, and a softening in labor markets slowing aggregate demand. For 2024, an upward revision of 0.6 percentage point since the October 2023 WEO largely reflects statistical carryover effects from the stronger-than-expected growth outcome for 2023. Growth in the euro area is projected to recover from its low rate of an estimated 0.5 percent in 2023, which reflected relatively high exposure to the war in Ukraine, to 0.9 percent in 2024 and 1.7 percent in 2025. Stronger household consumption as the effects of the shock to energy. In Latin America and the Caribbean, growth is projected to decline from an estimated 2.5 percent in 2023 to 1.9 percent in 2024 before rising to 2.5 percent in 2025, with a downward revision for 2024 of 0.4 percentage point compared with the October 2023 WEO projection. The forecast revision for 2024 reflects negative growth in Argentina in the context of a significant policy adjustment to restore macroeconomic stability. Among other major economies in the region, there are upgrades of 0.2 percentage point for Brazil and 0.6 percentage point for Mexico, largely due to carryover effects from stronger-than-expected domestic demand and higher-than-expected growth in large trading-partner economies in 2023. INDIAN ECONOMY OVERVIEW Strong economic growth in the first quarter of FY23 helped India overcome the UK to become the fifth-largest economy after it recovered from the COVID-19 pandemic shock. Real GDP at constant prices in the second quarter of 2022-23 is estimated at US$ 1.94 trillion (Rs. 160.06 trillion), showing a growth of 7.2% as compared to the First Revised Estimates of GDP for the year 2021-22 of US$ 1.81 trillion (Rs. 149.26 trillion), indicating a strong start for India's recovery from the pandemic. Given the release of pent-up demand and the widespread vaccination coverage, the contact-intensive services sector will probably be the main driver of development in 2022-2023. In FY22, India's service exports stood at US$ 254.4 billion. Furthermore, India's overall exports (services and merchandise) was estimated at US$ 770.18 billion in FY23. Rising employment and substantially increasing private consumption, supported by rising consumer sentiment, will support GDP growth in the coming months. Future capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalisation of the tariff structure, and the digitization of tax filing. In the medium run, increased capital spending on infrastructure and asset-building projects is set to increase growth multipliers, and with the revival in monsoon and the Kharif sowing, agriculture is also picking up momentum. The contact-based services sector has largely demonstrated promise to boost growth by unleashing the pent-up demand over the period of April-December 2022. The sector's success is being captured by a number of HFIs (High-Frequency Indicators) that are performing well, indicating the beginnings of a comeback. India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. India's appeal as a destination for investments has grown stronger and more sustainable as a result of the current period of global unpredictability and volatility, and the record amounts of money raised by India-focused funds in 2022 are evidence of investor faith in the Invest in India narrative.

Peer Comparison:

  • Shree Marutinandan Tubes Ltd
  • Swastik Pipe Ltd
  • Hi-Tech Pipes Ltd

Visaman Global Sales Ltd IPO Key Points

Strengths

  • Strong Customer Base.
  • Strong Customer Base.
  • Leveraging the experience of its Promoters and Management Team.
  • Comprehensive solution for logistics requirement.
  • Existing Supplier Relationship.

Risk

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in its products, which in turn could adversely affect the company's business operations and its sales could be diminished if the compan is associated with negative publicity.
  • The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on its business, results of operations margins and financial condition.

Strategy

  • Reduction of operational costs and improving operational efficiencies.
  • Focus on cordial relationship.
  • Strengthen its brand value.
  • Focus on increase in volume of sales.
  • Entering into manufacturing activities.
  • Strong Customer Base.
  • Strong Customer Base.
  • Leveraging the experience of its Promoters and Management Team.
  • Comprehensive solution for logistics requirement.
  • Existing Supplier Relationship.

How To Apply for Visaman Global Sales Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Visaman Global Sales Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 24, 2024 and ends on Jun 26, 2024.

The price of Visaman Global Sales Ltd IPO ranges between ₹0 to ₹0 per share.

The Visaman Global Sales Ltd IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.

The allotment for the Visaman Global Sales Ltd IPO will be finalised on Jun 27, 2024. The shares will be listed on BSE and NSE on Jul 1, 2024.

The minimum lot size for Visaman Global Sales Ltd IPO is 3000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Visaman Global Sales Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Visaman Global Sales Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Visaman Global Sales Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 24, 2024, and closes on Jun 26, 2024. The allotment is finalised on Jun 27, 2024.

To apply for the Visaman Global Sales Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.