Visaman Global IPO

Visaman Global Sales Ltd

₹1,29,000 /3000 sharesMinimum Investment

Visaman Global IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
24 Jun ‘24 - 26 Jun ‘24₹1,29,0003,000₹43 - ₹43
Issue SizeIPO Doc
16.05Cr
RHP PDF

About Visaman Global

Visaman Global Sales, established on June 27, 2019, is a supplier of pipes, including round, square, and rectangular types. The company also deals in structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, colour-coated coils, and various sheets such as MS, GP, GC, CR, and HR. Its product range extends to colour-coated sheets, roofing PUF panels, and wall PUF panels. The company offers credit facilities to its regular customers as a value-added service. It also customises these products according to the customer’s needs and delivers the finished products onsite for customer convenience. The company is a dealer for APL Apollo Tubes Limited.;
Founded in
2019
Managing director
Mr. Mitulkumar Sureshchandra Vasa
Parent organisation
Visaman Global Sales Ltd

Strengths & Financials of Visaman Global

Strengths
Risks
Visaman Global Sales has shown consistent growth in revenue from operations over the past years. It registered Rs 136.36 crore in revenue from operations in 2021, which rose to Rs 324.04 crore in 2022 and Rs 376.03 crore in 2023. Profit after tax too, climbed steadily over this period. It rose from Rs 0.33 crore in FY21 to Rs 0.95 crore in FY22 and Rs 1.13 crore in FY23.
Visaman Global Sales offers a diverse range of steel products for various industries.
The company holds ISO 9001:2015 certification for Quality Management Systems.
To remain cost-effective, Visaman Global Sales has strategically located stockyards and godowns in Gujarat and Madhya Pradesh, which are well connected by roads with the rest of the country.
Visaman Global Sales generates a significant portion of its revenue from operations in Gujarat. The percentage of revenues for the nine months ending December 31, 2023, and for financial years ending March 31, 2023, 2022, and 2021 stood at 90.33%, 83.50%, 82.04%, and 91.94%, respectively. Any adverse developments in this region could negatively impact the company.
The supply of pipes contributes heavily to the company’s revenue, accounting for 72.23% during the nine months ending December 31, 2023, and 77.39%, 82.97%, and 82.42% for the financial years ending March 31, 2023, 2022, and 2021, respectively. Any loss of business in this segment could adversely affect the company’s revenue and profitability.
The top 10 customers contribute a substantial portion of their operational revenue. If any of these customers decide to stop sourcing from Visaman Global Sales, it could negatively impact their business, financial condition, and operational results.
The company faced negative cash flows in the past years. A repeat of this in future could negatively impact the company’s growth and business
The company relies heavily on APL Apollo Tubes Limited, from whom it procures and sells goods as distributors. Any disruption in the supply chain from this key supplier could adversely affect the company’s business operations.
Visaman Global Sales has secured and unsecured loans totalling Rs 56.91 crore, which can be recalled on demand. If these loans are recalled, it could have a significant impact on the company's financial stability.

Visaman Global Financials

*All values are in Rs. Cr
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Application Details of Visaman Global IPO

Apply asPrice bandApply upto
Regular43 - 43₹2 - 5 Lakh
High Networth Individual43 - 43₹2 - 5 Lakh
For Visaman Global IPO, eligible investors can apply as Regular.