Visaman Global Sales IPO Listed at a premium of 4.88%
Last Updated: 1st July 2024 - 01:04 pm
Modest Listing for Visaman Global Sales IPO in NSE-SME Segment
Visaman Global Sales IPO had a modest listing on 01st July 2024, listing at ₹45.10 per share, a premium of 4.88% over the issue price of ₹43 per share in the IPO. Here is the pre-open price discovery for the Visaman Global Sales IPO on the NSE.
PRE-OPEN ORDER COLLECTION SUMMARY
Description | Value |
Indicative Equilibrium Price (In ₹) | 45.10 |
Indicative Equilibrium Quantity (Number of Shares) | 7,41,000 |
Final Price (In ₹) | 45.10 |
Final Quantity (Number of Shares) | 7,41,000 |
Previous Close (Final IPO Price) | ₹43.00 |
Discovered Listing Price Premium / Discount to IPO Price (₹) | ₹+2.10 |
Discovered Listing Price Premium / Discount to IPO Price (%) | +4.88% |
Data Source: NSE
The SME IPO of Visaman Global Sales was a fixed price IPO with the issue price fixed at ₹43 per share. The IPO saw modest to strong subscription response at over 42X, although there was no anchor allocation in the absence of any dedicated QIB quota in the IPO. On 01st July 2024, the stock of Visaman Global Sales listed at ₹45.10 per share, a premium of 4.88% over the IPO price of ₹43.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹47.35 and the lower circuit price has been set at ₹42.85.
As of 10.15 am, the volumes were 11.19 lakh shares while the turnover (value) was at ₹513 lakhs. The opening market cap of the stock stands at ₹65.40 crore. The equity shares of Visaman Global Sales (Symbol: VISAMAN) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.15 am, the stock is trading at ₹47.35, which is above the listing price of ₹45.10 per share and the stock is locked in the 5% upper circuit in the morning after a very strong listing. The stock of Visaman Global Sales has a face value of ₹10 per share and the market lot comprises of 3,000 shares. The stock trades under the NSE symbol (VISAMAN) and the ISIN code for demat credits will be (INE0BHK01012).
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