Visaman Global Sales Ltd - IPO

Visaman Global Sales Ltd IPO Details

Initial public offering of 37,32,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Visaman Global Sales Limited (VGSL or The Company or The Issuer) for cash at a price of Rs. 43/- per equity share (including a premium of Rs. 33/- per equity share) (Issue Price) aggregating to Rs. 16.05 crores (The Issue) of which 1,92,000 equity shares aggregating to Rs. 0.83 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 35,40,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 43/- per equity share aggregating to Rs. 15.22 crores (Net Issue). The issue and the net issue will constitute 27.02% and 25.63 % of the post issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 4.3 times of the face value.

Objective of issue

Funding of capital expenditure requirements of the company towards setting up of a mfg facility at. Funding working capital requirements of the company. General corporate purposes.

Visaman Global Sales Ltd Contact Details

Visaman Global Sales Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@visamansales.com

Website - https:, visamanglobalsales.com