Visaman Global Sales IPO opens today: Check issue size, price band, GMP and other details
SME IPO of Visaman Global Sales has opened for subscription today and will close on June 26. The company aims to raise about Rs 16.05 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Visaman Global Sales
The company is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc.
2) Industry overview
The world crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. In the past 10–12 years, India's steel sector has expanded significantly. Production has increased by 75% since 2008, while domestic steel demand has increased by almost 80%.
3) Visaman Global Sales IPO size
The IPO is completely a fresh equity issue of 37.32 lakh shares and through the issue, the company plans to raise around Rs 16.05 crore.
4) Visaman Global Sales IPO price band
The company is offering its shares at Rs 43 apiece, and investors can bid for 3,000 shares in 1 lot.
5) Visaman Global Sales IPO financial performance
For the period ended December 2023, the company clocked total revenues of Rs 207 crore and net profit of Rs 10.1
