Prizor Viztech IPO Opens July 12, Offers Shares at ₹82-87 Each

The Prizor Viztech initial public offering (IPO) will open for subscription on Friday, July 12, and close on Tuesday, July 16. The price range for the IPO is set between ₹82 and ₹87 per share, with a face value of ₹10. The minimum bid is 1600 shares, and investors can bid in multiples of 1600 shares.

Allocation and Market Maker

• Non-institutional investors: 15% of the net offer
• Retail investors: 35% of the net offer
• Qualified institutional buyers (QIBs): 50% of the net offer
• Market maker: 1,60,000 equity shares (5.53% of the issuance)

Business Overview

Prizor Viztech provides security and surveillance solutions across various sectors, including retail, government, education, and infrastructure. Their product line includes a wide range of CCTV cameras. The company supplies its products to 17 states and two union territories in India, including Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, Jammu and Kashmir, and the Andaman and Nicobar Islands.

Financial Performance

From March 31, 2023, to March 31, 2024, Prizor Viztech’s profit after tax (PAT) surged by 2546.91%, and its revenue grew by 155.95%.

IPO Details

• Total IPO value: ₹25.15 crore
• Fresh issuance: 2,891,200 equity shares at face value of ₹10
• No offer-for-sale component

Use of Funds

The funds raised from the IPO will be used for:

1. Financing working capital requirements
2. Financing capital expenditure for setting up a display center and inventory storage in Ahmedabad, Gujarat
3. General corporate purposes

IPO Management

• Book running lead manager: Shreni Shares Limited
• Registrar: Bigshare Services Pvt Ltd
• Market maker: Rikhav Securities

Comparison with Peers

Prizor Viztech’s listed peers include Vintron Informatics Ltd (P/E of 267.79), D-Link India Ltd (P/E of 22.68), and Dixon Technologies (India) Ltd (P/E of 356.16).