Viviana Power Tech 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 Viviana Power Tech IPO release date, IPO offer price, subscription, Viviana Power Tech 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 |
| Price Band | Rs. 55 per share |
| Listing At | NSE SME |
| Min. Order Quantity | 2000 shares |
| Listing Date | – |
| Offer for Sale | – |
| Fresh Issue | Rs. 880 Lakh |
| IPO Size | Rs.880 Lakh |
| Tick Size | 1 |
Viviana Power Tech IPO is listed at a Rs. 45 premium. Check out the live share price by clicking on the below link.
Viviana Power Tech IPO – Summary
The Company is engaged in the business of Power transmission, Distribution and Industrial EPC space projects (Engineering, Procurement and construction).
They provi
de wide range of services such as Power Transmission, EHV substation, Testing and Commissioning of sub-station and Transmission, Power Distribution Network Establishment, Underground Cable laying, Upgradation and modification of existing power system. They also undertake turnkey jobs for Supply, Civil, Erection, Testing & Commissioning of all types of Electrical system.
The Company deals with state government power utilities, private power entities and Renewable energy developers. Preferentially, company opts for EPC projects.
Company bags project work from government utilities through open bidding process and from private power entities and renewable energy developers by way of open bidding or preferential basis in accordance with company’s merit and performance.
The Promoter of this company is MR. NIKESH KISHORCHANDRA CHOKSI, MR. RICHI NIKESHBHAI CHOKSI AND MRS. PRIYANKA RICHI CHOKSI. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Viviana Power Tech IPO Date
The opening of Viviana Power Tech IPO will be on Sep 5, 2022 and the closing date Sep 8, 2022.
Viviana Power IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 5th Sept | 0.25x | 1.48x | 0.86x |
| 2nd Day – 6th Sept | 0.67x | 5.12x | 2.89x |
| 3rd Day – 7th Sept | 1.17x | 6.22x | 3.70x |
| 4th Day – 8th Sept | |||
| Shares Offered or Net Issue | 758,000 | 758,000 | 1,516,000 |
The shares subscribed by the public will be updated here.
Viviana Power Tech 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.
Viviana Power Tech Limited 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 | – |
Viviana Power Tech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.55.
Viviana Power Tech IPO Equity Size
This Initial Public Issue of 16,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.55 per equity share aggregating to Rs.880.00 Lakh.
Viviana Power Tech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 84,000 Equity Shares of Rs.10/ each.
Issue Size: Rs.1,600,000 Equity Shares of Rs.10 each, aggregating to Rs. 880.00 Lakh.
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Viviana Power Tech 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 – Viviana Power Tech Share Price |
Viviana Power Tech IPO Grey Market Premium
The Viviana Power Tech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Viviana Power Tech IPO – Company Overview
Company has set business module to suit operational needs. Business operations mainly comprises of two main tasks: Supply and service. For performing these tasks, various sequential activities are performed.
It has to deploy quality manpower and developed resources. The Company owns adequate machineries but for specific requirements of machineries, they have to avail services on hire basis.
At site, company sets up office and store facilities as per project requirement and deploy project team and hire labours on daily basis as per the site requirement.
Viviana Power 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 & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 2147.65 | 1889.2 | 943.44 |
| *Total Revenue | 2009.82 | 2262.21 | 3299.73 |
| Total Expense | 2,904.03 | 2,131.35 | 1,855.77 |
| Profit After Tax | 290.44 | 98.62 | 120.8 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 6.65 | 2.26 | 2.76 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.290.44 Lakh, Rs.98.62 Lakh, and Rs.120.8 Lakh, respectively.
Viviana Power Tech IPO – Promoters
The Promoter of this company is:
- NIKESH KISHORCHANDRA CHOKSI
- RICHI NIKESHBHAI CHOKSI
- PRIYANKA RICHI CHOKSI
List of Related Parties (Key Managerial Personnel)
- Nikesh Kishorchandra Choksi, Chairman cum Managing Director
- Richi Nikeshbhai Choksi, Whole-Time Director
- Mrs. Reemaben Nikshbhai Choksi, Non-Executive Director
- Ms. Sneha Prakashbhai Thacker, Independent Director
- Mr. Vishal Ranchhodbhai Thakarani, Independent Director
- Priyanka Richi Choksi, Chief Financial Officer
Viviana Power Tech IPO – Promoters Holding
- Pre Issue Share Holding – 99.99%
- Pos Issue Share Holding – 73.20%
Viviana Power IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 16,00,000 Equity Shares aggregating up to Rs. 880.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 84,000 Equity Shares aggregating up to Rs.46.20 Lakh |
| Net Issue to the Public | Up to 15,16,000 Equity Shares aggregating up to Rs. 833.80 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 43,70,000 Equity Shares |
| Equity Shares outstanding after the Issue | 59,70,000 Equity Shares |
Viviana Power Tech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Viviana Power Tech IPO – Business Strategy
- Uncertainty in relation to continuing effect of the COVID-19 pandemic on the business and operations.
- Uncertainty in relation to the successful sale of the Ongoing Projects as they reach operational stages.
- Cost overruns and delays in relation to the under-construction projects.
- Risks in relation to the construction, operation and maintenance of the transmission systems including injury caused to people or property.
- The ability to successfully implement the strategy, the growth and expansion, technological changes.
- Fail to attract, retain and manage the transition of the management team and other skilled & unskilled employees.
- The ability to protect the intellectual property rights and not infringing intellectual property rights of other parties.
Viviana Power 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:
- Organizational stability along with management expertise
- Existing client relationship
- Well-trained employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 6.65 | 43.06 | 15.43 |
| 31-Mar-21 | 2.26 | 25.68 | 8.79 |
| 31-Mar-20 | 2.76 | 42.33 | 6.53 |
Viviana Power Tech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Viviana Power Tech Limited | 10 | 8.27 | 6.65 | 43.06 |
| Listed Peers | ||||
| KEC International Limited | 2 | 24.05 | 16.9 | 11.38 |
| Kalpataru Power Transmission Limited | 2 | 10.63 | 34.61 | 11.94 |
Viviana Power Tech IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED 807, Phoenix Tower, Opp. New Girish Cold drinks, Near Vijay Cross Roads, Navrangpura Ahmedabad – 380009, Gujarat, India Tel. No.: +91-79-48405357, 48406357 Email: mb@beelinemb.com Website: www.beelinemb.com Investor Grievance Email: ig@beelinemb.com Contact Person: Mr. Nikhil Shah SEBI Registration No.: INM000012917 |
Viviana Power Tech IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Tel. No.: 011-40450193-197 Fax No.: 011-26812683 Email: ipo@skylinerta.com Website: www.skylinerta.com Investor Grievance Email: grievances@skylinerta.com Contact Person: Ms. Rati Gupta SEBI Registration No.: INR000003241 |
Viviana Power Tech IPO – Other Details
- Statutory Auditor – M/S. MUKUND & ROHIT, Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – HDFC Bank Limited
Viviana Power Tech 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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Viviana Power Tech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Viviana Power Tech IPO Review FAQs
Check out various FAQs related to Viviana Power Tech IPO:
What is the Issue Size of Viviana Power IPO?
The Company is making an initial public offer of 1,600,000 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.
What is the Price band of Viviana Power Tech IPO?
The price band for this particular IPO ranges between Rs. 55. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Viviana Power IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 5, 2022, while the closing date is set at Sep 8, 2022.
What is the Viviana Power Tech IPO Allotment Date?
We also have the news regarding the respective allotment dates of this 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.
What is the Viviana Power IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Viviana Power Tech IPO?
One of the reputed registrars is managing the issue of this IPO, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Viviana Power Tech IPO?
Here are the promoters of this IPO – MR. NIKESH KISHORCHANDRA CHOKSI, MR. RICHI NIKESHBHAI CHOKSI AND MRS. PRIYANKA RICHI CHOKSI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Viviana Power IPO?
We have obtained the GMP of this IPO and it is Rs X. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Viviana Power Tech IPO good for Investment?
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.
What is the PAT of Viviana Power Tech Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.290.44 Lakh, Rs.98.62 Lakh, and Rs.120.8 Lakh, respectively.
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