Vivaa Tradecom Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹51

Listed On

12 Oct 2023

Listing Price

₹40.80 (-20.00%)

Current Price LIVE

₹40.80 (-20.00%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail	2	4,000	₹2,04,000
HNI Min	3	6,000	₹3,06,000

As per financials, Vivaa Tradecom Limited has shown zig-zag results, RoNW is 2.10% and P/E is respectively 45.33 and 79.06 as per FY22 and FY23 earnings. So, issue looks aggressively priced. Also higher value issue expenses are very surprising. Company is in business of manufacturing as well as trading of clothes and garments, which is highly fragmented and competitive segment. Performance of BRLM is poor. So we are giving AVOID rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Fresh Issue

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Working capital requirements ( Rs 5.18/- Cr ) General corporate purposes ( Rs 1.72/- Cr ) Meeting Public Issue Expenses ( Rs 1.09/- Cr )
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Working capital requirements ( Rs 5.18/- Cr )
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General corporate purposes ( Rs 1.72/- Cr )
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Meeting Public Issue Expenses ( Rs 1.09/- Cr )
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All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
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Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
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With entry barriers, SEBI wants only well informed investors to participate is such SME offer
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With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
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However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
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Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

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2 Comments

B
Bharat Sharma 13 Oct 2023, 20:29

sir iska kya karu.. 1 lot pada hai..
B
Bharat Sharma 03 Oct 2023, 20:13

gmp??

As on Date	Combined (QIB + NII)	RII	Total
Shares Offered / Reserved	7,42,000	7,42,000	14,84,000
Day 1 29-09-23	1,26,000 (0.17)	6,56,000 (0.88)	7,82,000 (0.53)
Day 2 03-10-23	2,34,000 (0.32)	11,94,000 (1.61)	14,28,000 (0.96)
Day 3 04-10-23	6,42,000 (0.87)	21,22,000 (2.86)	27,64,000 (1.86)

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY23	134.02	133.65	0.25
FY22	247.28	247.07	0.44
FY21	147.34	147.36	(0.06)

Open Date	Sep 27, 2023
Close Date	Oct 04, 2023
Allotment Date	Oct 09, 2023
Listing Date	Oct 12, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 51 Per Equity Share
Issue Size	Fresh Issue of Up to 15,66,000 with aggregating up to Rs 7.99/- Cr
Retail Min Lot	1 Lot (2,000 Shares - ₹ 1,02,000)
Lead Manager	Interactive Financial Services Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Vivaa Tradecom Limited Current	1.00	79.06	2.10%	134
Thomas Scott (India) Limited	4.66	18.5	26.5%	62
Bang Overseas Limited	0.69	-	1.18%	118

Vivaa Tradecom Limited

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