Visaman Global Sales Limited

About the company

## **About Visaman Global Sales Limited** Incorporated in June 2019, Visaman Global Sales Limited is engaged in the business of supply of round pipes, square pipes, rectangle pipes, various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel etc. The company provides the facility of customization to meet the specific requirement of their customers w.r.t specific size, length, breadth, thickness etc. of their products. They send the requisition to the manufacturer for customization of specified products. Further, in certain cases, if the manufacturer is unable to do the specified customization, then, the same will be done by the third-party process houses. The Company outsources the process of modification and alteration to the third party. They outsource the process of modification and alteration to the third party. Additionally, they facilitate onsite delivery of their products to the customers. They have  one of the dealers of APL Apollo Tubes Limited. The key to the business process of the Company is timely delivery, customization, credit and logistics. The portfolio of products currently being supplied by the Company includes various specifications and sizes of steel pipes, structural steel, steel coils and sheets. They operate as an intermediary between Manufacturer/supplier and end customers for providing different types of steel pipes, structural steel, steel coils and sheets, customising them on the basis of requirements of the customers, and delivering the products on the door steps of the customers. Company also provides credit facilities to our customers. They procure their material from manufacturers/suppliers and procure orders from their customers/dealers/OEM and accordingly supply the material to them if those are available in their stock yards and if any customization required, they share those specifications to their vendors and they customise accordingly. The customers send their requisitions to them. Based on the customers’ requirement, quotation is prepared covering specifications of product, quantity, size, price etc. Customers confirm those quotations, modifying if required. Based on mutual discussions, a final quotation is drawn up covering the commercials.  As Visaman Global Sales Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives. 1. Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility at Rajkot, Gujarat, India 1. Funding Working Capital Requirements of the company; and 1. General corporate purposes.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   24 Jun 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   26 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   26 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   28 Jun 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   27 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   01 Jul 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.