Visaman Global Sales IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Visaman Global Sales IPO release date, IPO offer price, subscription, Visaman Global Sales Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 20 |
| Listing At | BSE SME |
| Min. Order Quantity | 6,000 Eq Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs Lakhs |
| IPO Size | Rs 355.20 Lakhs |
| Tick Size | 1 |
Visaman Global Sales IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Visaman Global Sales Share Price – Live Performance |
Visaman Global Sales IPO – Summary
Their Company was originally incorporated as Visaman Global Sales Limited on May 03, 2011, under the provisions of the Companies Act, 1956.
Their Company has been in the business of Climate Change Advisory Services, Carbon Credits Trading, Business Excellence Advisory, and Elect
The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Visaman Global Sales IPO Date
The opening and the closing date of the IPO of Visaman Global Sales Limited are not available yet.
Visaman Global Sales IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Visaman Global Sales IPO LIVE Subscription
- Visaman IPO LIVE Bid details on BSE
- Visaman IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Visaman Global Sales IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Visaman Global IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Visaman Global Sales IPO Cash Price
The face value of each share is Rs.10, but the Cash Price of the IPO is Rs.20.
Visaman Global Sales IPO Equity Size
This Initial Public Issue of 17,76,000 Equity Shares of Rs.10 each for cash at a price of Rs.20 per equity share aggregating to Rs.355.20 Lakhs.
Visaman Global Sales IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 16,86,000 equity Shares of Rs.20 each.
Issue Size: 17,76,000 Equity Shares of Rs.10 each, aggregating to Rs.355.20 Lakhs.
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Visaman Global Sales IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Visaman Global Sales Share Price |
Visaman Global IPO Grey Market Premium
The Visaman Global Sales Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Visaman Global Sales IPO – Company Overview
In the year 2011, they started the business of climate change advisory services involving consultancy for validation, registration, monitoring, verification, issuance, and trading of eligible Carbon Credits Projects as from CDM (Clean Development Mechanism) /VCS (Verified Carbon Standard) Project.
With the response from the market, their company further expanded its services in the year 2015 into carbon credits trading and also started various other services like Business Excellence Advisory Services & Training Services.
Today with increasing awareness among the community with regards to environmental safety and energy conservation the company has also entered into Electrical Safety Audits.
Visaman Global Sales IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||
| 31-Dec-20 | 31-Mar-20 | |
| Total Assets | 30,15,28,903 | 13,29,67,154 |
| *Total Revenue | 84,79,99,966 | 47,98,85,788 |
| Total Expense | 84,06,36,916 | 47,76,98,952 |
| Profit After Tax | 54,75,437 | 17,37,871 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-20 | |
| Basic & Diluted | 1.09 |
Further, their PAT for the period ended on Dec 31, 2020, March 31, 2020, were Rs. 54,75,437, Rs. 17,37,871,respectively.
Visaman Global Sales IPO – Promoters
The Promoter of this company is:
- Mr. Mitulkumar Sureshchandra Vasa,
- Mr. Sureshchandra Gulabchand Vasa,
List of Related Parties (Key Managerial Personnel)
- Mr. Mitulkumar Sureshchandra Vasa, Managing Director.
- Mr. Vishvas Sureshbhai Bhimjiyani, Chief Financial Officer.
- Mr. Manoj Harshadrai Lotia, Company Secretary.
- Ms. Ankita Anil Jain, Company Secretary.
- Mr. Kumar Chhotubhai Anjaria, Chief Financial Officer.
Visaman Global IPO – Promoters Holding
- Pre Issue Share Holding – 93.00%
- Pos Issue Share Holding – 67.88%
Visaman Global IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 17,76,000 Equity Shares aggregating up to Rs.355.20 Lakhs. |
| of which: | |
| Issue Reserved for the Market Makers | Up to 90,000 Equity Shares aggregating up to Rs 18.00 Lakhs |
| Net Issue to the Public | Up to 16,86,000 Equity Shares aggregating up to Rs.337.20 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | 17,76,000 Equity Shares |
Visaman Global Sales IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Visaman Global Sales IPO – Business Strategy
- Focus on Increase in providing core solution of M.S Steel
- Increase geographical presence
- Leverage and enhance our brand name
- Expanding their customer base
Visaman Global Sales IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- The qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 1.09 | 23.59 | 11.09 |
Visaman IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Visaman Global Sales Limited | 10 | 17.53 | 1.09 | 23.59 | 54.75 |
| Listed Peers | |||||
| NA | X | NA | NA | – | – |
Visaman Global Sales IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com SEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377 |
Visaman Global IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel No: +91 22 4918 6200; Fax No: +91 22 4918 6060 Website: www.linkintime.co.in Email: visaman.ipo@linktime.co.in Investor Grievance Email: visaman.ipo@linktime.co.in Contact Person: Ms. Shanti Gopalkrishnan SEBI Registration No: INR000004058 CIN No: U67190MH1999PTC118368 |
Visaman IPO – Other Details
- Statutory Auditor – M/s. A. V. Anjaria & Co.
- Legal Counsel to the Company – Ms. Ankita Anil Jain
- Bankers to the Company – Axis Bank Ltd. and Kotak Mahindra Bank Ltd.
Visaman Global IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Visaman Global Sales Limited IPO News
News 1 – Visaman IPO DRHP Download
News 2 – Visaman G IPO RHP Download
Visaman Global Sales IPO Review FAQs
Ques – What is the Issue Size of Visaman Global Sales IPO?
Answer – The Company is making an initial public offer of 17,76,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Cash Price of Visaman Global IPO?
Answer – The Cash price for this particular IPO is Rs 20. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Visaman Global IPO Open Date?
Answer – The opening and closing dates for Visaman IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Visaman Global Sales IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of Visaman Global Sales IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Visaman IPO Listing Date?
Answer – Shares of Visaman Global shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Visaman Global IPO?
Answer – One of the reputed registrars is managing the issue of Visaman Global IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Visaman IPO?
Answer – Here are the promoters of Visaman Global – Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa,You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Visaman IPO?
Answer – We have obtained the GMP of Visaman Global Sales IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Visaman Global IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Visaman Global Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. Their PAT for the period ended on Dec 31, 2020, March 31, 2020, were Rs. 54,75,437, Rs. 17,37,871,respectively.
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