Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
The IPO opened for subscription today and will close on July 16. Prizor Viztech aims to raise Rs 25 crore through this public offering and list on the NSE SME platform. Here are 10 essential details investors should know before subscribing:
This IPO is a fresh equity issue of 28.91 lakh shares, aiming to raise Rs 25 crore.
Shares are offered at Rs 82-87 each, with a minimum bid of 1,600 shares per lot.
There was no Grey Market Premium (GMP) for the company's shares before the issue launch.
Prizor Viztech specializes in security and surveillance solutions, offering a range of CCTV cameras for various sectors such as retail, government, education, and infrastructure.
The Electronics System Design & Manufacturing (ESDM) industry covers electronic hardware products and components for IT, office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano electronics, and medical electronics.
For the fiscal year ending March 2024, Prizor Viztech reported total revenues of Rs 35.69 crore and a net profit of Rs 5.57 crore.
The funds raised will be allocated to capital expenditures, working capital needs, and other general corporate purposes.
Shreni Shares is the lead manager, while Bigshare Services is the registrar for the issue.
The offer is structured with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.
The IPO is open from July 12 to July 16. Final allotment is expected on July 18, with the shares listing on July 22.
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