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Visaman Global Sales IPO
Price Band
₹
Issue Size
₹16.05 Cr
Lot Size
3,000 shares
Min Investment
₹129,000
GMP
+₹5.0 (11.63%)
Issue Price
₹43.0
Subject to Sauda
₹11400
Paid only if allotted
Visaman Global Sales IPO AI Summary
- Visaman Global Sales IPO is listed on NSE SME in the Iron & Steel Products sector.
- Subscription window: 24 Jun–26 Jun 2024, listing on 01 Jul 2024.
- Current GMP is +₹5.0 (11.63%) — unofficial and can change daily.
Visaman Global Sales Limited is set to list on July 1, 2024, with an issue price of ₹43.0 and a minimum investment of ₹129,000. The company has shown revenue growth over the past few years, although there was a decline in the most recent 9-month period. The IPO is backed by a positive GMP of ₹5.0, suggesting potential listing gains.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Visaman Global Sales IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Visaman Global Sales IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+11.63%
Est. Listing
₹48.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in June 2019, Visaman Global Sales Limited supplies a wide range of products, including round pipes, square pipes, rectangle pipes, various specifications of structural steels, 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 panel, and wall PUF panel. The company offers customization to meet specific customer requirements for product size and dimensions. The company is an ISO 9001:2015 certified organization. The company has a stockyard in Gujarat and warehouses in both Gujarat and Madhya Pradesh. As of March 15, 2024, the company has 41 staff members working at its offices and stock yards.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.02 | 58.64 | 39.82 | 27.27 |
| Total Income | 206.91 | 376.05 | 324.07 | 136.36 |
| Profit After Tax | 1.02 | 1.13 | 0.95 | 0.33 |
| NET Worth | 10.95 | 9.94 | 6.60 | 5.66 |
| Reserves and Surplus | 3.95 | 2.94 | 1.80 | 0.86 |
| Total Borrowing | 56.91 | 43.46 | 13.86 | 7.10 |
Key Ratios
EPS
₹1.12
NAV
₹10.87
ROE
9.28%
ROCE
8.02%
RoNW
9.28%
P/B Value
3.96
P/E Ratio
38.25
Market Cap
₹59.39 Cr
PAT Margin
0.30%
Debt/Equity
5.20
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Hi-tech Pipes Limited | 32.71 | 9.04% | 42.78 | 3.06 |
| Swastik Pipe Limited | 89.67 | 4.35% | 16.1 | 4.53 |
| Shree Marutinandan Tubes Ltd | 137.5 | 65.71% | 2.54 | 90.36 |
| Visaman Global Sales Limited This IPO | 14.2 | 11.4% | 38.39 | 1.12 |
Promoters
Mitulkumar Sureshchandra Vasa, Sureshchandra Gulabchand Vasa, Avni M.Vasa, Ilaben Sureshchandra Vasa and Kular Brijesh N
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India 7.22 2 Funding Working Capital Requirements of the Company 7.00 3 General corporate purposes 0.22
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹136.36 Cr in the year ending 31 Mar 2021, rising to ₹324.07 Cr by 31 Mar 2022, and further increasing to ₹376.05 Cr by 31 Mar 2023. However, it decreased to ₹206.91 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.33 Cr in the year ending 31 Mar 2021, increasing to ₹0.95 Cr by 31 Mar 2022, and further to ₹1.13 Cr by 31 Mar 2023. It slightly declined to ₹1.02 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 38.39 trailing earnings at the issue price, versus peers trading at a P/E range of 2.54 to 42.78.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of an IPO's expected listing price. It reflects the price at which shares are being traded in the grey market before they are officially listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and sector performance.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, as it operates in a sector that can be sensitive to economic fluctuations and market conditions.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors including market conditions and investor sentiment. While some IPOs may see a surge in price on their first day, others may not perform as well. Investors should be prepared for potential volatility.
This evaluation is generated from Visaman Global Sales's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Visaman Global Sales IPO GMP today?
Visaman Global Sales IPO GMP today is +₹5.0 (11.63%). GMP is an unofficial grey-market indicator and can change daily.
When does Visaman Global Sales IPO open and close?
Visaman Global Sales IPO opens on 24 June 2024 and closes on 26 June 2024.
When does Visaman Global Sales IPO list on the stock exchange?
Visaman Global Sales IPO listed on 01 July 2024 at ₹48.0.
What is the lot size for Visaman Global Sales IPO?
The lot size for Visaman Global Sales IPO is 3000 shares, requiring a minimum investment of ₹129,000.
What is the issue price of Visaman Global Sales Limited?
The issue price is ₹43.0.
What is the minimum investment required?
The minimum investment required is ₹129,000.
What is the lot size for this IPO?
The lot size is 3000 shares.
When is the listing date for this IPO?
The listing date is July 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2024
Close
26 Jun 2024
Allotment
27 Jun 2024
Listing
01 Jul 2024
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