1. IPO
Visaman Global Sales Limited

Visaman Global Sales Limited

listed
₹1.29LMin. investment
  1. Bid start
    24 Jun
  2. Bid end
    26 Jun
  3. Allotment
    26 Jun
  4. Release of funds
    28 Jun
  5. Demat transfer
    27 Jun
  6. Listing
    1 Jul

Visaman Global Sales Limited IPO Details

Price range₹43.00 – ₹43.00
IPO type
SME
Lot size3000 shares
Issue size₹16.05Cr
RHP/DRHP
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About Visaman Global Sales Limited

Incorporated in June 2019, Visaman Global Sales Limited 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.
The company provides the facility of customization to meet the specific requirement of their customers w.r.t specific size, length, breadth, thickness etc. of their products. They send the requisition to the manufacturer for customization of specified products. Further, in certain cases, if the manufacturer is unable to do the specified customization, then, the same will be done by the third-party process houses. The Company outsources the process of modification and alteration to the third party. They outsource the process of modification and alteration to the third party. Additionally, they facilitate onsite delivery of their products to the customers. They have  one of the dealers of APL Apollo Tubes Limited.
The key to the business process of the Company is timely delivery, customization, credit and logistics. The portfolio of products currently being supplied by the Company includes various specifications and sizes of steel pipes, structural steel, steel coils and sheets. They operate as an intermediary between Manufacturer/supplier and end customers for providing different types of steel pipes, structural steel, steel coils and sheets, customising them on the basis of requirements of the customers, and delivering the products on the door steps of the customers. Company also provides credit facilities to our customers. They procure their material from manufacturers/suppliers and procure orders from their customers/dealers/OEM and accordingly supply the material to them if those are available in their stock yards and if any customization required, they share those specifications to their vendors and they customise accordingly. The customers send their requisitions to them. Based on the customers’ requirement, quotation is prepared covering specifications of product, quantity, size, price etc. Customers confirm those quotations, modifying if required. Based on mutual discussions, a final quotation is drawn up covering the commercials.
 As Visaman Global Sales Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives.
  1. Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
  2. Funding Working Capital Requirements of the company; and
  3. General corporate purposes.

Frequently asked questions

How to invest in the Visaman Global Sales Limited ?

Investors can apply for the Visaman Global Sales Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Visaman Global Sales Limited ?

The issue size of the Visaman Global Sales Limited is 16.05 Cr.

What is 'pre-apply' for Visaman Global Sales Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Visaman Global Sales Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.