Prizor Viztech IPO subscription to start from July 12; price band set at ₹82-87 apiece

  • The 25.15 crore Prizor Viztech IPO comprises of the new issue of 2,891,200 equity shares at face value of 10. There isn't a component that is for sale. The issue's price band has been fixed in the range of 82-87 apiece.

Dhanya Nagasundaram
First Published9 Jul 2024, 05:36 PM IST
Prizor Viztech IPO is scheduled to begin subscriptions on Friday, July 12, and end on Tuesday, July 16.
Prizor Viztech IPO is scheduled to begin subscriptions on Friday, July 12, and end on Tuesday, July 16.(https://www.prizor.in/)

Prizor Viztech IPO is scheduled to begin subscriptions on Friday, July 12, and end on Tuesday, July 16. The pricing range for the Prizor Viztech initial public offering is 82 to 87 per share, with a face value of 10. The floor price is 8.2 times the face value and cap price is 8.7 times of the face value of the equity shares. A minimum of 1600 shares, as well as multiples of those shares, are up for bid.

In the Prizor Viztech IPO, 15% of the net offer has been allocated for non-institutional investors, 35% for retail investors, and 50% for qualified institutional buyers (QIBs). Up to 1,60,000 equity shares, or 5.53% of the issuance, have been allotted to the market maker part.

Also Read: Ola Electric IPO: CMD Bhavish Aggarwal’s rendezvous with analysts ahead of the public issue; here are key takeaways

The company's business is to provide security and surveillance solutions to various sectors such as retail, government, education, and infrastructure. To this end, it offers a wide variety of CCTV cameras.

In addition to the union territories of Jammu and Kashmir and the Andaman and Nicobar Islands, the company has supplied its products to 17 states and two union territories in India, including Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

The company's listed peers are Vintron Informatics Ltd (with a P/E of (267.79)); D-Link India Ltd (with a P/E of 22.68), and Dixon Technologies (India) Ltd (with a P/E of 356.16).

Between March 31, 2024, and March 31, 2023, Prizor Viztech Limited's profit after tax (PAT) climbed by 2546.91% while its revenue increased by 155.95%.

Also Read: Emcure Pharmaceuticals IPO listing tomorrow: Here’s what GMP, subscription status indicate ahead of listing

Prizor Viztech IPO details

Prizor Viztech IPO, worth 25.15 crore, consists of a fresh issuance of 2,891,200 equity shares at face value of 10. There is no offer-for-sale component.

The company intends to use the net proceeds from the issue to finance the following goals: financing working capital requirements for the business; financing capital expenditure requirements for the establishment of a display center and inventory storage in Ahmedabad, Gujarat; and financing general corporate purposes.

The Prizor Viztech IPO's book running lead manager is Shreni Shares Limited, and the registrar is Bigshare Services Pvt Ltd. Rikhav Securities is the market maker for the Prizor Viztech IPO.

Also Read: Bansal Wire IPO: Allotment status out. What GMP signals ahead of share listing date?

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:9 Jul 2024, 05:36 PM IST
HomeMarketsIPOPrizor Viztech IPO subscription to start from July 12; price band set at ₹82-87 apiece

Most Active Stocks

Indian Oil Corporation

170.35
11:40 AM | 10 JUL 2024
-1.35 (-0.79%)

Tata Steel

169.00
11:40 AM | 10 JUL 2024
-2.8 (-1.63%)

Bharat Electronics

332.80
11:40 AM | 10 JUL 2024
-1.75 (-0.52%)

Oil & Natural Gas Corporation

293.70
11:40 AM | 10 JUL 2024
-3.75 (-1.26%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Rail Vikas Nigam

583.00
11:37 AM | 10 JUL 2024
39.85 (7.34%)

Computer Age Management Services

4,217.10
11:37 AM | 10 JUL 2024
229.2 (5.75%)

Vardhaman Textiles

532.70
11:37 AM | 10 JUL 2024
26.1 (5.15%)

Indigo Paints

1,457.35
11:37 AM | 10 JUL 2024
67.2 (4.83%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K

    Fuel Price

    • Petrol
    • Diesel
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts