Unlisted shares of Sati Poly Plast Ltd are trading Rs 43 higher in the grey market, signalling a 49.43 per cent listing gain from the public issue.
Prizor Viztech IPO: The initial public offering (IPO) of Prizor Viztech Limited, which is going to be closed today, Tuesday, has received a decent response from investors. Till 11:17 am on the final day of bidding on Tuesday, July 16, the 52.56-crore IPO received a strong 80.91 times subscription, garnering bids for 15,50,92,800 shares as against 19,16,800 shares on offer.
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The price band of the IPO has been fixed at Rs 82-Rs 87 apiece. The IPO was opened for public subscription on July 12.
The retail quota received a 125.49 times subscription, while the non-institutional investors category got 81.26 times subscription. The qualified institutional buyers (QIB) category got a 1.98 times subscription.
Investors need to apply for a minimum of 1,600 equity shares and in multiples thereof. Hence, the minimum investment by retail investors would be Rs 1,39,200 [1,600 (lot size) x Rs 87 (upper price band)].
The Prizor Viztech IPO allotment will likely be finalised on July 18, while its listing will take place on the NSE SME on July 22.
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Prizor Viztech IPO GMP Today
According to market observers, unlisted shares of Sati Poly Plast Ltd are trading Rs 43 higher in the grey market as compared with its issue price. The Rs 43 grey market premium or GMP means the grey market is expecting a 49.43 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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Prizor Viztech IPO: More Details
Prizor Viztech IPO is entirely a fresh issue of 28.91 lakh shares.
Prizor Viztech Limited, which was set up in 2017, provides security and surveillance solutions with a wide range of CCTV cameras for retail, government, education, and infrastructure. In 2022, the company expanded its product line to include televisions, touch panels, and monitors, all sold under its brand name and manufactured by third parties.
The company proposes to utilise the net proceeds from the issue towards funding the following objects:
1. Funding of capital expenditure requirements of the company towards setting up of Display Centre and Inventory Storage in Ahmedabad, Gujarat;
2. Funding Working Capital Requirements of the company; and
3. General corporate purposes.
Shreni Shares Limited is the book-running lead manager of the Prizor Viztech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Prizor Viztech IPO is Rikhav Securities.
