The Vivaa Tradecom IPO date has been confirmed from September 27 and ended on October 4 . Read the post to learn about Vivaa Tradecom IPO GMP.
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.
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Key Details Of Vivaa Tradecom IPO:
Bidding Dates
September 27- October 4
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹0
Vivaa Tradecom IPO GMP
The Vivaa Tradecom IPO GMP Today is ₹[0].
Vivaa Tradecom IPO Overview
The Vivaa Tradecom IPO finally opened its market subscription with the start date of IPO bidding, which was September 27, 2023, and ended on October 4, 2023. The subscription for the IPO of Vivaa Tradecom will be closed on October 9, 2023. The shares say at BSE SME on October 12, 2023.
Vivaa Tradecom’s IPO price is ₹51 per managed stock. A stock option is available in increments of 2000 Shares as the minimum lot size. The first level in the retail investor pyramid is ₹102,000, the minimum investment. A more significant proportion of our employees, i.e. HNI such as (2 lots={4,000 shares}= ₹204,000), refers to highly-qualified employees with minimum lot size investments available in our funds.
Vivaa Tradecom IPO Date & Price Band Details
| IPO Date | September 27, 2023 to October 4, 2023 |
| Listing Date | October 12, 2023 |
| 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 |
Vivaa Tradecom IPO Market Lot
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 | Share | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
Vivaa Tradecom IPO Allotment & Listing Dates
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 Company Financial Report
Vivaa Tradecom IPO offers 1,566,000 shares. 742,000 (47.38%) to NII, 742,000 (47.38%) to RII.
| 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%) |
Company Profile
Incorporated in 2010, Vivaa Trade Com Ltd manages a wide variety of clothing and garment products they manufacture and trade. The company’s product portfolio is varied including Denim Fabric, Readymade garments, which are Denim Cotton Jeans for Men and Denim Cotton Jeans for Women, and also carrying out Cotton Printing Job work and carrying trades in Printed Cotton Fabric. In 2013, Bestswear acquired the ready-made garments business as a continuation of enterprise which was an agreement under the slump sale done from the factory of M/s.Parikh Impex Private Limited. The organization has been performing operations of production and selling since 2013 and up to 2022. In the April of 2022, the company ceased to be involved in manufacturing activity, instead it has concentrated on trading activity. It sold the manufacturing unit to Globe Textiles (India) Ltd in 2022.
Along with trading in the garment industry, the company has decided to expand by entering into trading in other segments. In March 2023, Vivaa agreed with Rushil Décor Limited to distribute 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.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Vivaa Tradecom Limited |
| Phone number | +91 99248 22188 |
| Email ID | [email protected] |
| Website | https://www.vivaatrade.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vivaa Tradecom IPO FAQs
When Vivaa Tradecom IPO will open?
The Vivaa Tradecom IPO opens on September 27, 2023 and closes on October 4, 2023.
What is the lot size of Vivaa Tradecom IPO?
Vivaa Tradecom IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
When is Vivaa Tradecom IPO allotment?
The finalization of Basis of Allotment for Vivaa Tradecom IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023.
When is Vivaa Tradecom IPO listing date?
The Vivaa Tradecom IPO listing date is on October 12, 2023.
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