Prizor Viztech shares list at 90% premium on BSE SME platform
Prizor Viztech listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 165.3 against an issue price of Rs 87 per share.
Ahead of the listing, the company's shares traded with a premium of Rs 105 in the unlisted market.
The IPO, which was completely a fresh equity sale of 28.91 lakh shares, was booked 219 times at close, driven by a healthy response from retail investors.
The net proceeds from the public offer will be used for capital expenditure requirements, working capital requirements, and other general corporate purposes.
The company is engaged in the business of providing security and surveillance solutions by offering a comprehensive range of CCTV cameras that serve different verticals like retail, government, educational, and infrastructure, among others.
Prizor, in the year 2022, expanded its product portfolio by selling different sizes and features of televisions, touch panels, and monitors manufactured by third parties under our brand name. We also provide services including video management software which provides surveillance features to our customers in a single monitor and location.
As of the date of filing RHP, the company has supplied its products across 17 states and 2 union territories in India.
The company also assembles a diverse range of surveillance and security cameras having different applications and utilities. It undertakes quality control, testing, and evaluation activities at our workshops to develop these products.
The Electronics System Design &
