Vivaa Tradecom IPO Detail 2023
Introduction
The Vivaa Tradecom IPO will open on September 27 and close on October 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 7.99 crore through this public offering, consisting of 15.66 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 51 per share.
Vivaa Tradecom Limited (“the Company”)
Incorporated in 2010. The company is engaged in the manufacturing and trading of clothes and garments. They were selling ready-made garments to various reputed clients on a pan-India basis. Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retailes Limited, etc. were some of its reputed clients.
Its major business was with Gujarat clients; however, they were also supplying its ready-made garments and cotton and jeans cloths to clients spread over the other states of our country.
Objects of the Issue,
- Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,211.70 | 1,162.97 | 1,118.58 |
| Total Assets | 4,918.80 | 9,803.46 | 9,430.20 |
| Reserve & Surplus | 974.55 | 1,160.65 | 1,116.26 |
| Total Borrowings | 457.36 | 1,113.05 | 1,354.91 |
| Total Revenue | 13,402.83 | 24,728.70 | 14,734.56 |
| Profit After Tax | 25.48 | 44.39 | (6.48) |
IPO details
As per the DRHP filed with SEBI, 15.66 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 0.82 lakh shares of the offering. While Interactive Financial Services Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 51 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 Shares |
| Issue Size | 1,566,000 shares (aggregating up to ₹ 7.99 crores) |
| Fresh Issue | 1,566,000 shares (aggregating up to ₹ 7.99 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker | Asnani Stock Broker |
| Market maker portion | 82,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 2,371,500 |
| Shareholding post issue | 3,937,500 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Vivaa Tradecom IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Vivaa Tradecom IPO
The issue opens for subscription on September 27, 2023, and closes for subscription on October 4, 2023 (both days inclusive). The basis of allotment will be finalised on October 9, 2023, and the refunds will be initiated on October 10, 2023. In addition, the demat credits are expected to happen on October 11, 2023, and the stock will be listed on the NSE SME on October 12, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 27, 2023 |
| Closing Date | October 4, 2023 |
| Basis of Allotment | October 9, 2023 |
| Initiation of Refunds | October 10, 2023 |
| A credit of shares to Demat A/c | October 11, 2023 |
| Listing Date | October 12, 2023 |
Lot Size
The lot size of the Vivaa Tradecom IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 102,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 102,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 102,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 204,000 |
Promoters Holdings
Mr. Mitesh Adani are the promoters of the company.
| Pre-issue Shares Holdings | 50% |
| Post-issue Shares Holdings | 30.11% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Vivaa Tradecom Limited 17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad – 382405 Phone: +91 99248 22188 Email: account@vivaatrade.com Website: https://www.vivaatrade.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
| IPO Lead Manager(s) | Interactive Financial Services Ltd |
FAQs
The Vivaa Tradecom IPO price is ₹ 51 per share.
The minimum investment size is one lot for retail investors. One lot of the Vivaa Tradecom IPO contains 2,000 shares of ₹ 102,000.
The finalisation of the basis of allotment for the Vivaa Tradecom IPO will be done on October 9, 2023, and the allotted shares will be credited to your demat account by October 11, 2023. Check the Vivaa Tradecom IPO allotment status.
The Vivaa Tradecom IPO shares listing date is October 12, 2023.
