Prizor Viztech Limited IPO subscription starts from Friday, July 12 and ends on Tuesday, July 16, 2024. The issue is a book-built issue of Rs. 25.15 crores. The issue is entirely fresh issue of 28.91 lakh equity shares.
Prizor Viztech Limited IPO price band sets at Rs. 82 to Rs.87 per equity shares with a face value of Rs. 10 each. The issue will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Monday, July 22, 2024.
The minimum order quantity of the issue is 1,600 equity shares. The minimum amount of investment required for Retail is ₹1,39,200. The minimum bid size for sHNI is 2 lots aggregating to ₹2,78,400. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Shreni Shares Limited is book-running lead manager. ICICI Bank Limited is sponsor bank to the issue. Bigshare Services Pvt Ltd is registrar to the issue.
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Financials
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 3569.62 | 1394.29 | 870.47 |
| PAT | 557.44 | 21.06 | 3.60 |
| PAT Margin | 15.63% | 1.53% | 0.41% |
| Cash Flow | -192.05 | -176.19 | -104.04 |
| Borrowings | 964.86 | 532.84 | 313.28 |
Risk Factors
- The company has experience negative cash flows in the past years.
- Sale of CCTV contribute significantly 64.12% of total company’s revenue.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
Object of the issue
- To fund capital expenditure requirements of the Company towards setting up of Display Centre and Inventory Storage in Ahmedabad, Gujarat;
- To meet capital working capital requirements of the Company;
- General Corporate Purpose.
About Prizor Viztech Limited
Founded in 2017, Prizor Viztech Limited is the youngest and leading supplier of video surveillance products, its solutions and services. The company’s product suite includes IP cameras, HD analog cameras, NVRs, DVRs, video management software, Time Attendance, Access control, Video door phone, Accessories etc.
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