Prizor Viztech IPO share allotment likely today: Check status on NSE, Bigshare Services

Prizor Viztech Limited IPO allotment status is expected to be finalised on Thursday, July 18, after the NSE SME public issue saw strong demand during the subscription period. The security and surveillance solutions provider's initial public offering closed for bidding on July 16.

Following the closure of the subscription period, the company is likely to finalise the IPO share allotment status on July 18.

The investors, who participated in the bidding process, can check the IPO share allotment status on the websites of the NSE and the registrar, Bigshare Services Private Ltd.

Here’s how to check share allotment status on Bigshare Services website:

• Visit the IPO registrar’s website at https://ipo.bigshareonline.com/ipo_status.html
• Select any of the servers
• Choose ‘Prizor Viztech’ from the ‘select company’ drop down menu
• Select the appropriate identification method (PAN, Application Number, DP/Client ID, or Account Number/IFSC)
• Key in the information that corresponds to the chosen option
• Click on the Submit button
• Upon submission, you can view the status of the Prizor Viztech IPO allotment on the screen

Here’s how to check share allotment status on the NSE website:

• Visit the NSE IPO allotment status page www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password to log in
• Select ‘Prizor Viztech’ from the options available
• Verify your PAN details
• Enter your IPO application number in the designated field
• Click on the ‘Submit’ button.
• Your allotment status will be available on your screen.

Prizor Viztech Limited IPO subscription and other details

The Prizor Viztech Limited IPO garnered exceptional investor interest as the issue was oversubscribed by 221.95 times. A total of 42.54 crore bids were received, compared to 19,16,800 shares on offer.

The retail portion was subscribed 268.75 times, while the Non-Institutional Investors’ (NIIs) category was booked 281.04 times. The Qualified Institutional Buyers (QIB) booked their category 94.53 times. The Prizor Viztech Limited IPO is a book-building issue worth ₹25.15 crore. The issue comprised an entirely fresh issue of 28.91 lakh shares.

The IPO’s price band was set between ₹82 and ₹87 per share.

The Prizor Viztech IPO subscription window was open from July 12 to July 16.

Following the basis of allotment, shares will be credited to the Demat accounts of successful applicants on July 19, and refunds for unsuccessful applicants will be initiated the same day.

Prizor Viztech Limited shares are likely to be listed on the NSE SME platform on July 22.

Prizor Viztech Limited IPO objective

Prizor Viztech Limited intends to establish an inventory storage facility and display centre in Ahmedabad, Gujarat. A part of the IPO proceeds will also be utilised to cover the working capital needs. The remaining funds will be used for general corporate purposes.

About Prizor Viztech Limited

Founded in 2017, Prizor Viztech Limited specialises in security and surveillance systems, offering CCTV cameras to sectors like infrastructure, retail, government and education. The company launched a line of touch screens, monitors and televisions under its own brand in 2022.