- NEGATIVE
Annual Revenue Visaman Global Sales Mar-2026 Annual Revenue is Rs 251 Cr which is growth of -6.1% YoY.
- POSITIVE
Annual Net Profit Visaman Global Sales Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 182.7% YoY.
Visaman Global Sales was incorporated on June 27, 2019. The company is engaged in the business of supplying round pipes, square pipes, rectangular pipes, and various specifications of structural steels, including BGL coils, GP(GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, and roofing and wall PUF panels. Additionally, the company offers credit facilities to its existing customers as a value-added service
| Bidding Dates |
|---|
| 24 Jun 2024 - 26 Jun 2024 |
| Subscription |
|---|
| 37.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹129,000 | 1 | 1 | 3000 | 3.7 M | ₹43 | 72.98 % | ₹160.5 M | RHP DOC |
Visaman Global Sales IPO SUBSCRIPTION STATUS
26 Jun '24Total37.85x
Retail Individual Investor48.91x
HNI (NII) Investors22.27x
Qualified Institutional Buyers-
Visaman Global Sales IPO overall subscription rate was 37.85 times the total available shares
Visaman Global Sales IPO retail subscription rate was 48.91 times in the retail segment
Visaman Global Sales IPO non-institutional investor subscription rate was 22.27 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Jun 2024 (Day 3) | 48.91x | 22.27x | - |
25 Jun 2024 (Day 2) | 7.52x | 1.62x | - |
24 Jun 2024 (Day 1) | 1.64x | 0.26x | - |
Visaman Global Sales 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 |
| 9MFY24 | 10.2 | 2,069.1 | -86.4 | -92.4 | 2.8% |
| FY23 | 11.3 | 3,760.3 | -272.7 | -273.9 | 1.8% |
| FY22 | 9.5 | 3,240.4 | -45.5 | -58.4 | 0.9% |
| FY21 | 3.3 | 1,363.6 | -23.7 | -27.0 | 1.1% |
Visaman Global Sales IPO SUBSCRIPTION STATUS DETAILS
Visaman Global Sales had 3.7 M shares on offer
Visaman Global Sales IPO offer price was ₹43
Visaman Global Sales IPO minimum Investment was ₹129000
Visaman Global Sales IPO issue size was ₹ 160.5 M
Visaman Global Sales had a minimum lot size of 3000 Shares per application
Visaman Global Sales NUMBER OF SHARES ON OFFER
Total3.7 M
Fresh Issue3.7 M
Offer for Sale0
Post Issue Promoter Holding %72.98 %
Visaman Global Sales IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2024 |
| Issue close Date | 26 Jun 2024 |
| Allotment Date | 27 Jun 2024 |
| Refund Date | 28 Jun 2024 |
| Demat Account Credit Date | 28 Jun 2024 |
| Listing Date | 01 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Visaman Global Sales Allotment Status | Exchange |
Visaman Global Sales IPO subscription opened on 24 Jun 2024, and closed on 26 Jun 2024
IPO allotment for Visaman Global Sales was finalized on Thursday, 27 Jun 2024
IPO listing for Visaman Global Sales was on NSE on Monday, 01 Jul 2024
Visaman Global Sales IPO LISTING GAINS
| Issue Price (adjusted) | 43.0 |
| Listing Open Price | 45.1 |
| Listing Close Price | 47.4 |
| Listing Gain% | 4.9% |
| Current Gain% | -54.4% |
Visaman Global Sales 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Visaman Global Sales Ltd. | 19.6 | 27.1 | 6.9 | 0.1 | 0.1 | 7.3 | 3.6 | 250.5 | -6.1 | 6 | 182.3 | 2.8 | 83.3 |
| Welspun Corp Ltd. | 2315 | 61067.5 | 25.8 | 2.7 | 3.5 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 89.8 | 9.5 |
| APL Apollo Tubes Ltd. | 2163.7 | 60076.9 | 45.9 | 1.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 47.2 | 24.9 |
| Usha Martin Ltd. | 459.5 | 14002.9 | 27.6 | 1.1 | 3.6 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 25.9 | 10116.2 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Aeroflex Industries Ltd. | 513.8 | 6799.2 | 76 | 0.9 | 11.3 | 12.4 | 9.8 | 443.3 | 17 | 55.5 | 5.8 | 6.8 | 87 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Visaman Global Sales annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
-12.7% | 12.9% | 250.5 | 266.7 | 308 | 376.1 | 324.1 | 136.4 | ||
Operating Exp. Ann. | -14.1% | 11.7% | 234.3 | 258.5 | 300.4 | 369.5 | 321.3 | 134.8 | |
Operating Profit Ann. | 29.7% | 57.2% | 14.4 | 7.1 | 7.6 | 6.6 | 2.8 | 1.5 | |
OPM Ann. % | 48.6% | 38.7% | 5.74% | 2.66% | 2.46% | 1.75% | 0.86% | 1.12% | |
-13.5% | 12.3% | 242.5 | 264.2 | 306.2 | 374.5 | 322.8 | 135.8 | ||
EBITDA Ann. | 35.2% | 61.1% | 16.3 | 8.2 | 7.6 | 6.6 | 2.8 | 1.5 | |
EBITDA Ann. margin % | 54.9% | 42.1% | 6.50% | 3.07% | 2.48% | 1.75% | 0.87% | 1.12% | |
Interest Ann. | 12.5% | 48% | 6.4 | 5.2 | 5.5 | 4.5 | 1.4 | 0.9 | |
Depr. | 53.3% | - | 1.8 | 0.5 | 0.4 | 0.5 | 0.1 | 0 | |
PBT Ann. | 71.7% | 68.3% | 8.1 | 2.5 | 1.7 | 1.6 | 1.3 | 0.6 | |
Tax Ann. | 58.7% | 58.5% | 2 | 0.3 | 0.4 | 0.5 | 0.3 | 0.2 | |
77% | 72.4% | 6.1 | 2.1 | 1.3 | 1.1 | 1 | 0.4 | ||
Net Profit Ann. | 77% | 82.7% | 6.1 | 2.1 | 1.3 | 1.1 | 1 | 0.3 | |
NPM Ann. % | 100.8% | 58.9% | 2.43% | 0.80% | 0.42% | 0.30% | 0.29% | 0.24% | |
EPS Adj. latest Ann. | 79.7% | 70.7% | 2.9 | 1 | 0.6 | 0.5 | 0.5 | 0.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-6.1%
2Y CAGR
-9.8%
3Y CAGR
-12.7%
5Y CAGR
12.9%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
190.5%
2Y CAGR
116.6%
3Y CAGR
77%
5Y CAGR
82.7%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
-9.4%
2Y CAGR
-11.7%
3Y CAGR
-14.1%
5Y CAGR
11.7%
Operating Expenses Annual Cr is falling faster than historical averages.
Visaman Global Sales INFORMATION ON IPO ISSUE
About Visaman Global Sales
Visaman Global Sales was incorporated on June 27, 2019. The company is engaged in the business of supplying round pipes, square pipes, rectangular pipes, and various specifications of structural steels, including BGL coils, GP(GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, and roofing and wall PUF panels. Additionally, the company offers credit facilities to its existing customers as a value-added service
Object of the Issue
- Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility at Rajkot, Gujarat, India
- Funding working capital requirements of the company
- General corporate purposes
Visaman Global Sales - PROMOTERS
| Name |
|---|
| Mitulkumar Sureshchandra Vasa |
| Sureshchandra Gulabchand Vasa |
| Avni M Vasa |
| Ilaben Sureshchandra Vasa |
| Kular Brijesh N |
Visaman Global Sales Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Visaman Global Sales Registrar to the Issue
Link Intime India Private Limited
dindigulfarm.ipo@linkintime.co.in
Visaman Global Sales Strengths
Strong customer base
The company's long-standing relationship with its customers has been one of the most significant factors contributing to the growth
Strength
Wide range of the products
The company offers a wide range of steel products used in various industries. Its product portfolio includes different specification of steel pipes, structural steel, coils, sheets, plates
Strength
ISO certified
The company is an ISO 9001:2015 certified organization. ISO 9001:2015 specifies requirements for a quality management system of an organization
Strength
Visaman Global Sales Risks
Certain outstanding litigation
The company has certain outstanding litigations against it, an adverse outcome of which may adversely affect the business, reputation and results of operations
Risk
Volatile industry
The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves
Risk
Geographically concentrated
The company generates a substantial portion of revenue from the region of Gujarat. Any adverse developments affecting the operations in Gujarat region could have an adverse impact on the revenue and results of operations
Risk
IPO FAQs
The promoters of the company are Mitulkumar Sureshchandra Vasa, Sureshchandra Gulabchand Vasa, Avni M Vasa, Ilaben Sureshchandra Vasa and Kular Brijesh N.
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 43.0 - 43.0.
The IPO application opens on Jun 24, 2024 and closes on Jun 26, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 129,000.0, the maximum value for this IPO is Rs 129,000.0.
This IPO will be allotted on Jun 27, 2024.
The refund will be credited to your account on Jun 28, 2024.
The allotted shares will be credited to your demat on Jun 28, 2024.
Visaman Global Sales Ltd.’s shares listed on the stock exchanges on Jul 01, 2024.