Select Page

Vivaa Tradecom IPO Detail 2023

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,

  1. Working capital requirement.
  2. General Corporate Purpose.
  3. Meeting Public Issue Expenses.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,211.701,162.971,118.58
Total Assets4,918.809,803.469,430.20
Reserve & Surplus974.551,160.651,116.26
Total Borrowings457.361,113.051,354.91
Total Revenue13,402.8324,728.7014,734.56
Profit After Tax25.4844.39(6.48)
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 51 per share
Face Value₹ 10 per share
Market Lot2,000 Shares
Issue Size1,566,000 shares (aggregating up to ₹ 7.99 crores)
Fresh Issue1,566,000 shares (aggregating up to ₹ 7.99 crores)
Listing AtBSE SME

Market Maker detail

Market makerAsnani Stock Broker
Market maker portion82,000 shares

Shareholding Pattern

Shareholding pre-issue2,371,500
Shareholding post issue3,937,500

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net offer
Retail shares offered50% 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 DateSeptember 27, 2023
Closing DateOctober 4, 2023
Basis of AllotmentOctober 9, 2023
Initiation of RefundsOctober 10, 2023
A credit of shares to Demat A/cOctober 11, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 102,000
Retail (Maximum)12,000₹ 102,000
HNI (Minimum)24,000₹ 204,000

Promoters Holdings 

Mr. Mitesh Adani are the promoters of the company.

Pre-issue Shares Holdings50%
Post-issue Shares Holdings30.11%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationVivaa Tradecom Limited
17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad – 382405
Phone: +91 99248 22188
Email: [email protected]
Website: https://www.vivaatrade.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
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.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT