Vivaa Tradecom IPO is a fixed price issue of Rs 7.99 crores. The issue is entirely a fresh issue of 15.66 lakh shares.
Vivaa Tradecom IPO bidding started from September 27, 2023 and ended on October 4, 2023. The allotment for the Vivaa Tradecom IPO is expected to be finalized on Monday, October 9, 2023. Vivaa Tradecom IPO will list on BSE SME with tentative listing date fixed as Thursday, October 12, 2023.
Vivaa Tradecom IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹204,000.
Interactive Financial Services Ltd is the book running lead manager of the Vivaa Tradecom IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Vivaa Tradecom IPO is Asnani Stock Broker.
Refer to Vivaa Tradecom IPO RHP for detailed information.
Vivaa Tradecom IPO Details
| IPO Date | September 27, 2023 to October 4, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,566,000 shares (aggregating up to ₹7.99 Cr) |
| Fresh Issue | 1,566,000 shares (aggregating up to ₹7.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,371,500 |
| Share holding post issue | 3,937,500 |
| Market Maker portion | 82,000 shares Asnani Stock Broker |
Vivaa Tradecom IPO Reservation
Vivaa Tradecom IPO a total of 1,566,000 shares are offered. NII: 742,000 (47.38%), RII: 742,000 (47.38%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 82,000 (5.24%) |
| Other Shares Offered | 742,000 (47.38%) |
| Retail Shares Offered | 742,000 (47.38%) |
| Total Shares Offered | 1,566,000 (100%) |
Vivaa Tradecom IPO Timeline (Tentative Schedule)
Vivaa Tradecom IPO opens on September 27, 2023, and closes on October 4, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Wednesday, October 4, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Vivaa Tradecom IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
| Lot Size Calculator |
Vivaa Tradecom IPO Promoter Holding
The Promoter of the company is Mr. Mitesh Adani.
| Share Holding Pre Issue | 50% |
| Share Holding Post Issue | 30.11% |
About Vivaa Tradecom Limited
Incorporated in 2010, Vivaa Tradecom Limited is engaged in the manufacturing as well as trading of clothes and garments.
The company’s product list includes Denim Fabric, readymade garments such as Denim/Cotton Jeans for Men, Denim/Cotton Jeans for Women, and also undertake the Cotton Printing Job work and trade in Printed Cotton Fabric.
In the year 2013, the company acquired the ongoing manufacturing business of Readymade Garments under the Slump Sale Agreement from M/s. Parikh Impex Private Limited. The company carried on manufacturing activity and trading activity from 2013 to 2022. In 2022, the company sold the manufacturing unit to Globe Textiles (India) Ltd and from April 2022 the company was involved in trading activity only.
Along with trading in the garment industry, the company has decided to expand the business by entering into the trading of other segments as well. In March 2023, Vivaa entered into an agreement with Rushil Décor Limited for distributing VIR MDF Boards of various thicknesses and Prelam MDF Boards, which are used in the furniture industry, in Karnataka, Kerala, Delhi, Punjab, Haryana, Uttar Pradesh, Chandigarh, Himachal Pradesh, Jammu & Kashmir, Rajasthan, and Uttarakhand states of India.
Vivaa Tradecom’s clientele includes Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retail Limited, and so on.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,430.20 | 9,803.46 | 4,918.80 |
| Revenue | 14,734.56 | 24,728.70 | 13,402.83 |
| Profit After Tax | -6.48 | 44.39 | 25.48 |
| Net Worth | 1,118.58 | 1,162.97 | 1,211.70 |
| Reserves and Surplus | 1,116.26 | 1,160.65 | 974.55 |
| Total Borrowing | 1,354.91 | 1,113.05 | 457.36 |
Amount in ₹ Lakhs
Key Performance Indicator
Vivaa Tradecom IPO Market Cap is Rs 20.08 Cr and P/E (x) is 47.66.
| KPI | Values |
|---|---|
| P/E (x) | 47.66 |
| Post P/E (x) | 78.46 |
| Market Cap (₹ Cr.) | 20.08 |
| Debt/Equity | 0.38 |
| EPS (Rs) | 11.07 |
| RoNW | 2.10% |
Check Vivaa Tradecom IPO Peer Comparison here.
Objects of the Issue (Vivaa Tradecom IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Vivaa Tradecom IPO Review (Avoid)
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted a roller-coaster ride in its financial performance for the last three fiscals. Based on FY23 earnings, the issue is exorbitantly priced. The tiny equity capital post IPO indicates longer gestation for migration to the mainboard. Just stay away from such pricey and dicey issues. Read detail review…
Vivaa Tradecom IPO Subscription Status (Bidding Detail)
The Vivaa Tradecom IPO is subscribed 1.81 times on Oct 4, 2023 7:02:00 PM. The public issue subscribed 2.86 times in the retail category, times in the QIB category, and 0.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.70 |
| Retail | 2.86 |
| Total | 1.81 |
Total Application : 1,349 (3.64 times)
Vivaa Tradecom IPO Contact Details
Vivaa Tradecom Limited
17, Pirana Piplej Road,
Saijpur (Gopalpur),
Piplej, Ahmedabad – 382405
Phone: +91 99248 22188
Email: account@vivaatrade.com
Website: https://www.vivaatrade.com/
Vivaa Tradecom IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html