The Visaman Global Sales IPO is a fixed-price issue valued at ₹16.05 crores, consisting entirely of 37.32 lakh fresh shares. The subscription window for the IPO of Visaman Global Sales opens on June 24, 2024, and it will close on June 26, 2024. The allotment process is expected to be finalized on Thursday, June 27, 2024. The company plans to list its shares on the NSE SME, with a tentative listing date set for Monday, July 1, 2024.
The price per share for the IPO of Visaman Global Sales is ₹43. Retail investors can apply for a minimum lot size of 3000 shares, requiring an investment of ₹129,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (6,000 shares), totaling ₹258,000.
Notably, Visaman Global Sales operates in the sales and distribution sector, specializing in various consumer products. The book running lead manager for this IPO is Shreni Shares Limited, while Link Intime India Private Ltd serves as the registrar for the issue. The market maker for the Visaman Global Sales IPO is Shreni Shares.
Visaman Global Sales IPO Details:
| Company Name | Visaman Global Sales |
| Sector | Sales and Distribution |
| IPO Type | SME |
| IPO Open date | 24th June 2024 |
| IPO Close date | 26th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Visaman Global Sales IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,29,000 |
| HNI (Min) | 2 | 6000 | 2,58,000 |
Visaman Global Sales IPO Timeline:
| IPO Open Date | 24th June 2024 |
| IPO Close Date | 26th June 2024 |
| Basis of Allotment | 27th June 2024 |
| Refund Initiation Date | 28th June 2024 |
| Shares Credit to Demat | 28th June 2024 |
| Listing Date | 01st July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
