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Visaman Global Sales Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Visaman Global Sales Ltd IPO

Registered Office: C/o. Jain Traders 8 Sorathiaw.,Near Narmada 80 Feet Road , Rajkot - 360002 , Gujarat , India.
Phone : +91 90237 30627   Fax:
Email :  cs@visamansales.com  
Website :  https://visamanglobalsales.com
Initial public offering of 37,32,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Visaman Global Sales Limited ("VGSL" or "The Company" or "The Issuer") for cash at a price of (Rs)43/- per equity share (including a premium of (Rs)33/- per equity share) ("Issue Price") aggregating to (Rs)16.05 crores ("The Issue") of which 1,92,000 equity shares aggregating to (Rs)0.83 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 35,40,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)43/- per equity share aggregating to (Rs)15.22 crores ("Net Issue"). The issue and the net issue will constitute 27.02% and 25.63 % of the post issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 4.3 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Jun-24 26-Jun-24 (Rs)43.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 14.44
Shreni Shares Ltd
Project Financed through Current Offer 16.05  
Post Issue Equity Share Capital 13.81  
Issue Price (Rs)43.00  
 
Projects
Funding of capital expenditure requirements of the company towards setting up of a mfg facility atGeneral corporate purposes
Funding working capital requirements of the company
Promoted By
Mitulkumar Sureshchandra Vasa  
Sureshchandra Gulabchand Vasa  
Avni M Vasa  
Listing At
NSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd