Visaman Global Sales Ltd is gearing up to debut its initial public offering (IPO) on June 24. This SME IPO will be offered at a fixed price.
Visaman Global Sales specializes in supplying a diverse range of pipes, various specifications of structural steels, roofing PUF panels, and wall PUF panels.
Investors can bid for the Visaman Global Sales IPO from June 24 to June 26.
The IPO price band is set at ₹43 per share, aiming to raise ₹16.05 crore through the issuance of 37.32 lakh equity shares.
All proceeds from this fresh issue will go towards funding capital expenditure, establishing a manufacturing facility in Rajkot, Gujarat, meeting working capital needs, and other general corporate purposes.
The IPO allotment is scheduled for June 27, and the shares will commence trading on NSE SME from July 1.
For retail investors, the Visaman Global Sales IPO lot size is 3,000 shares, requiring a minimum investment of ₹129,000.
Shreni Shares Limited is the book running lead manager, and Link Intime India Private Ltd will serve as the IPO registrar.
Post-IPO, the promoter shareholding will reduce to 72.98% from the current 100%.
As of now, there is no grey market premium (GMP) for Visaman Global Sales IPO, indicating that trading in the grey market has not yet commenced for its shares.
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