Prizor Viztech IPO booked over 13 times on day 1: Check subscription status and other key details

Prizor Viztech Limited IPO saw a strong demand from investors across categories on the first day of subscription on Friday, July 12. The initial public offering of the security and surveillance solutions provider was booked 13.37 times on the first day of bidding.

The NSE SME issue received bids for more than 2.56 crore shares compared to 19,16,800 shares on offer.

Retail Investors led the subscription, as the category saw the highest demand. Bids for over 2.22 crore shares were received against 9.6 lakh shares set aside for the segment. The retail portion was booked 23.14 times.

The Non-Institutional Investors’ (NII) category was subscribed 8.25 times. The NIIs applied for 34.09 lakh shares against 4.12 lakh shares reserved for them.

The Qualified Institutional Buyers (QIBs) category did not receive any application, as per the NSE data.

If you are also planning to invest in the Prizor Viztech Limited IPO, here are five important points to know before applying for shares:

Prizor Viztech Limited IPO offer size, promoters and registrar

The Prizor Viztech Limited IPO is a book-building issue worth ₹25.15 crore. The IPO offer size comprises entirely a fresh issue of 28.91 lakh shares, including a market maker portion of 1.6 lakh shares and anchor allocation of over 8.14 lakh shares.

The company’s promoters, Mitali Dasharathbharthi Gauswami and Gauswami Dasharathbharthi Gopalbharthi, currently hold 93.59% of the shares prior to the issue. Following the issue, their shareholding will decrease to 68.28%.

Shreni Shares Limited oversees the process as the primary lead manager for the Prizor Viztech IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar. Rikhav Securities has been designated as the market maker for the Prizor Viztech IPO.

Prizor Viztech Limited IPO dates

The subscription period for the Prizor Viztech IPO is open from July 12 to July 16. Prizor Viztech IPO share allotment status is set to be finalised on Thursday, July 18. Refunds for unsuccessful applicants and transfer of shares to the Demat accounts of the allottees is expected on July 19.

Prizor Viztech Limited IPO listing date has been tentatively fixed as July 22. Shares of Prizor Viztech Limited will be listed on the NSE SME platform, Emerge.

Prizor Viztech Limited IPO price band and lot size

Prizor Viztech IPO price band has been set at ₹82 to ₹87 per share. Retail investors can bid for a minimum single lot size of 1,600 shares, which translates to an investment of ₹1,39,200. High Net Worth Individuals (HNIs), however, are required to apply for a minimum of two lots, or 3,200 shares, which necessitates a minimum investment of ₹2,78,400.

Prizor Viztech Limited IPO objective

Prizor Viztech Limited aims to use the net proceeds from the IPO towards several key objectives. These include financing the capital expenditure needed for establishing a display centre and inventory storage facility in Ahmedabad, Gujarat. Additionally, a portion of the funds will be allocated to meet the company’s working capital requirements. Any remaining funds will be utilised for general corporate purposes

About Prizor Viztech Limited

Prizor Viztech Limited, established in 2017, specialises in security and surveillance solutions, providing CCTV cameras for sectors such as retail, government, education and infrastructure. In 2022, the company introduced a range of televisions, touch panels and monitors under its own brand, sourced from third-party manufacturers. The company’s services also include video management software. The product portfolio is divided into security and surveillance solutions, LED televisions, and monitors and touch panels.

Prizor Viztech Limited’s profit after tax (PAT) increased 2546.91% to ₹5.57 crore in FY24 compared to ₹21.06 lakh in FY23. The company’s revenue from operations saw a substantial increase of 158.95% to ₹35.65 crore in FY24 from ₹13.76 crore in FY23.