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The Prizor Viztech IPO will open for subscription on Friday, July 12, and close on Tuesday, July 16. The price band for the initial public offering is set between ₹82 and ₹87 per share, with a face value of ₹10. This means the floor price is 8.2 times the face value, while the cap price is 8.7 times. Investors can bid for a minimum of 1600 shares or multiples thereof.
In this IPO, 15% of the net offer is reserved for non-institutional investors, 35% for retail investors, and 50% for qualified institutional buyers (QIBs). Additionally, up to 1,60,000 equity shares, accounting for 5.53% of the issuance, are allotted to the market maker.
Prizor Viztech specializes in providing security and surveillance solutions across sectors such as retail, government, education, and infrastructure. The company offers a range of CCTV cameras and has supplied its products to 17 states and two union territories in India, including Jammu and Kashmir and the Andaman and Nicobar Islands.
Listed peers of Prizor Viztech include Vintron Informatics Ltd (P/E of 267.79), D-Link India Ltd (P/E of 22.68), and Dixon Technologies (India) Ltd (P/E of 356.16).
Between March 31, 2023, and March 31, 2024, Prizor Viztech Limited saw a profit after tax (PAT) increase of 2546.91%, with revenue rising by 155.95%.
The IPO, valued at ₹25.15 crore, includes a fresh issuance of 2,891,200 equity shares with a face value of ₹10, with no offer-for-sale component. The proceeds will be used for working capital requirements, capital expenditure for a display center and inventory storage in Ahmedabad, and general corporate purposes.
Shreni Shares Limited is the lead manager, Bigshare Services Pvt Ltd is the registrar, and Rikhav Securities is the market maker for this IPO.
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