Vivaa Tradecom Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vivaa Tradecom

CMP

41.00

+1.00 (2.50%)

  • DRHP
₹51

Offer Price

₹ 7.99 Cr

Issue Size

₹ 1,02,000

Min Investment

2,000

Lot size

Time Line

  • 27
    Sep 2023
    Open
  • 04
    Oct 2023
    Close
  • 09
    Oct 2023
    Finalisation of Basis of Allotment
  • 10
    Oct 2023
    Initiation of Refunds
  • 11
    Oct 2023
    Transfer of Shares to Demat Account
  • 12
    Oct 2023
    Listing Date

Objects of the Offer

  • Improving operational efficiencies.

  • Asset light Model.

  • Diversification- addition in our Trading Activities.

  • Develop cordial relationship with our Suppliers, Customer and employees.

  • Leveraging our Marketing skills and Relationships.

Strengths

  • Experienced Promoter.

  • Quality Service.

  • High level of customer satisfaction.

  • Established relations with suppliers.

  • Existing Client relationship.

Risks

  • The top ten Buyers of its Product and top ten suppliers for raw material contribute majority of revenue and source of Raw Material. The company does not have long term agreement with the customer or supplier. The loss of any Customer or a decrease in the volume of order by any customer or any disruption in supply of raw material by any supplier may adversely affect its revenues and profitability.

  • The Company has sold out its cloths and readymade garments manufacturing units and its now in to trading activities.

  • The company does not own registered office from which its operate.

  • The Company is providing credit of average more than 100 days to the customers and also enjoy credit facility from the suppliers of average more than 100 days.

  • An Appeal filed before the Income Tax tribunal challenging the order passed under section 263(1) of the Income Tax Act, 1961 by the Principal Commissioner of Income Tax, any failure to plead its case successfully may have an adverse effect on the company business prospects, financial condition, result of ongoing operations and reputation.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 243.20 (66.10%) 134.02 (-44.90%) 2.10 (-)
Gross Profit 243.20 (66.10%) 134.02 (-44.90%) 2.10 (-)
Net Income 243.20 (66.10%) 134.02 (-44.90%) 2.10 (-)
Assets 243.20 (66.10%) 134.02 (-44.90%) 2.10 (-)
Liabilities 243.20 (66.10%) 134.02 (-44.90%) 2.10 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vivaa Tradecom Ltd 134.02 0.25 16.69 4.57 2.10 0.00 51.09 1.46 0.27
Thomas Scott India Ltd 62.79 2.88 68.10 68.10 20.07 5.22 22.56 4.22 0.32
Bang Overseas Ltd 117.53 1.15 164.68 164.68 1.17 0.85 72.04 0.69 0.34

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

17 Pirana Piplej Road,
Saijpur (Gopalpur) Piplej,
Ahmedabad - 382405
Phone : 91-9924822188 Email : account@vivaatrade.com www.vivaatrade.com

Offer Related Information

Initial public issue of 15,66,000 equity shares of face value of Rs. 10/- each of Vivaa Tradecom Limited ("VTL" or the "Company" or the "Issuer") for cash at a price of Rs. 51/- per equity share including a share premium of Rs. 41/- per equity share (the "Issue Price") aggregating to Rs. 7.99 crores ("The Issue"), of which 82,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share including a share premium of Rs. 41/- per equity share aggregating to Rs.... More

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