Vivaa Tradecom Ltd (BSE SME)
Sep 27, 2023 - Oct 4, 2023
| Price | ₹51 - ₹51 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Oct 9, 2023 |
| Listing | Oct 12, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 102000 | 0 |
| HNI | 2 | 4000 | 204000 | 0 |
Last updated on 04 Oct 2023 | 05:56:35 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 7,83,000 | 6,42,000 | 0.82 |
| Retail | 7,83,000 | 21,22,000 | 2.71 |
| Total | 15,66,000 | 27,64,000 | 1.77 |
Incorporated in 2010, Vivaa Tradecom Limited is engaged in the manufacturing as well as trading of clothes and garments.
The company's product list includes Denim Fabric, readymade garments such as Denim/Cotton Jeans for Men, Denim/Cotton Jeans for Women, and also undertake the Cotton Printing Job work and trade in Printed Cotton Fabric.
In the year 2013, the company acquired the ongoing manufacturing business of Readymade Garments under the Slump Sale Agreement from M/s. Parikh Impex Private Limited. The company carried on manufacturing activity and trading activity from 2013 to 2022. In 2022, the company sold the manufacturing unit to Globe Textiles (India) Ltd and from April 2022 the company was involved in trading activity only.
Along with trading in the garment industry, the company has decided to expand the business by entering into the trading of other segments as well. In March 2023, Vivaa entered into an agreement with Rushil Décor Limited for distributing 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.
Vivaa Tradecom's clientele includes Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retail Limited, and so on.
Vivaa Tradecom IPO Details
| 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 Asnani Stock Broker |
Vivaa Tradecom IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 9,430.20 | 9,803.46 | 4,918.80 |
| Revenue | 14,734.56 | 24,728.70 | 13,402.83 |
| Profit | -6.48 | 44.39 | 25.48 |
| Net Worth | 1,118.58 | 1,162.97 | 1,211.70 |
| Reserves | 1,116.26 | 1,160.65 | 974.55 |
| Borrowing | 1,354.91 | 1,113.05 | 457.36 |
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