Vivaa Tradecom was incorporated on April 23, 2010. The company is engaged in the manufacturing as well as trading of clothes and garments. It sells readymade garments to various reputed clients on a pan-India basis.
| Bidding Dates |
|---|
| 27 Sep 2023 - 04 Oct 2023 |
| Subscription |
|---|
| 1.77x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 1.6 M | ₹51 | 60.23 % | ₹79.9 M | RHP DOC |
Vivaa Tradecom IPO SUBSCRIPTION STATUS
04 Oct '23Vivaa Tradecom IPO overall subscription rate was 1.77 times the total available shares
Vivaa Tradecom IPO retail subscription rate was 2.71 times in the retail segment
Vivaa Tradecom IPO non-institutional investor subscription rate was 0.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Oct 2023 (Day 5) | 2.71x | 0.82x | - |
03 Oct 2023 (Day 4) | 1.52x | 0.3x | - |
29 Sep 2023 (Day 3) | 0.84x | 0.16x | - |
28 Sep 2023 (Day 2) | 0.5x | 0.06x | - |
27 Sep 2023 (Day 1) | 0.22x | 0.03x | - |
Vivaa Tradecom FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 2.5 | 1,340.2 | 57.4 | 58.7 | 0.7% |
| FY22 | 4.4 | 2,432.0 | -45.4 | 33.2 | 0.9% |
| FY21 | -0.6 | 1,464.1 | 0.0 | -0.9 | 1.5% |
Vivaa Tradecom IPO SUBSCRIPTION STATUS DETAILS
Vivaa Tradecom had 1.6 M shares on offer
Vivaa Tradecom IPO offer price was ₹51
Vivaa Tradecom IPO minimum Investment was ₹102000
Vivaa Tradecom IPO issue size was ₹ 79.9 M
Vivaa Tradecom had a minimum lot size of 2000 Shares per application
Vivaa Tradecom NUMBER OF SHARES ON OFFER
Vivaa Tradecom IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2023 |
| Issue close Date | 04 Oct 2023 |
| Allotment Date | 09 Oct 2023 |
| Refund Date | 10 Oct 2023 |
| Demat Account Credit Date | 11 Oct 2023 |
| Listing Date | 12 Oct 2023 |
| Listing on Exchange(s) | BSE |
| Vivaa Tradecom Allotment Status | Exchange |
Vivaa Tradecom IPO subscription opened on 27 Sep 2023, and closed on 04 Oct 2023
IPO allotment for Vivaa Tradecom was finalized on Monday, 09 Oct 2023
IPO listing for Vivaa Tradecom was on BSE on Thursday, 12 Oct 2023
Vivaa Tradecom IPO LISTING GAINS
| Issue Price (adjusted) | 51.0 |
| Listing Open Price | 40.8 |
| Listing Close Price | 42.5 |
| Listing Gain% | -20.0% |
| Current Gain% | 105.7% |
Vivaa Tradecom Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vivaa Tradecom Ltd. | 104.9 | 41.3 | 64.8 | -4 | 0.1 | 2.8 | 0.6 | 284.9 | -0.9 | 0.6 | -16.1 | 1.6 | -16.1 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Vivaa Tradecom INFORMATION ON IPO ISSUE
About Vivaa Tradecom
Vivaa Tradecom was incorporated on April 23, 2010. The company is engaged in the manufacturing as well as trading of clothes and garments. It sells readymade garments to various reputed clients on a pan-India basis.
Object of the Issue
- Working capital requirement
- General corporate purpose
- Meeting public issue expenses
Vivaa Tradecom - PROMOTERS
| Name |
|---|
| Mitesh Adani |
Vivaa Tradecom Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Vivaa Tradecom Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Vivaa Tradecom Strengths
Expand geographical reach
The company intends to expand its presence by identifying markets where it can provide cost-effective and quality products to prospective customers
Customer satisfaction
The company's customers are highly satisfied with its services ranging from purchase orders, delivery to customers, quality products, and customer complaint redressal mechanism
Vivaa Tradecom Risks
Sold manufacturing units
The company has sold its clothing and readymade garment manufacturing units and is now engaged in trading activities
Negative cash flows
The company has experienced negative cash flows in previous years or periods. Any operating losses or negative cash flows in the future could have an adverse effect on the results of operations
IPO FAQs
The promoter of the company is Mitesh Adani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Sep 27, 2023 and closes on Oct 04, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Oct 09, 2023.
The refund will be credited to your account on Oct 10, 2023.
The allotted shares will be credited to your demat on Oct 11, 2023.
Vivaa Tradecom Ltd.’s shares listed on the stock exchanges on Oct 12, 2023.