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Prizor Viztech Limited IPO of Rs 25.15 crores (Prizor Viztech IPO) Detail

The issue is entirely a fresh issue of 28.91 lakh shares.Prizor Viztech IPO is a book built issue of Rs 25.15 crores

Prizor Viztech IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. The allotment for the Prizor Viztech IPO is expected to be finalized on Thursday, July 18, 2024. Prizor Viztech IPO will list on NSE SME with tentative listing date fixed as Monday, July 22, 2024.

Prizor Viztech IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.

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.

Refer to Prizor Viztech IPO RHP for detailed information.

About Prizor Viztech Limited

Incorporated in 2017, Prizor Viztech Limited 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. Additionally, the company offers video management software that provides surveillance features to customers on a single monitor and location.

The company’s product portfolio is divided into two main parts:

  1. Security and Surveillance Solutions, including network cameras, high-definition analogue cameras, network video recorders, and digital video recorders; and
  2. LED televisions, Monitors & Touch Panels.

The company has supplied products across 17 states and 2 union territories in India, namely: Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal, as well as the union territories of Andaman and Nicobar Islands and Jammu and Kashmir.

The company’s workshops are accredited with ISO 9001:2015 and ISO 14001:2015. Additionally, the company holds ISO 27001:2013 certification for the ‘Information Security Management System Standard,’ showcasing our commitment to data security and safeguarding sensitive information.
As of July 2024, the company has 29 permanent employees in various departments.

Prizor Viztech IPO Details

IPO DateJuly 12, 2024 to July 16, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹82 to ₹87 per share
Lot Size1600 Shares
Total Issue Size2,891,200 shares
(aggregating up to ₹25.15 Cr)
Fresh Issue2,891,200 shares(aggregating up to ₹25.15 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue7,800,003
Share holding post issue10,691,203
Market Maker portion160,000 shares

Prizor Viztech IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Prizor Viztech IPO Anchor Investors Details

Prizor Viztech IPO raises Rs 7.09 crore from anchor investors. Prizor Viztech IPO Anchor bid date is July 11, 2024.

Bid DateJuly 11, 2024
Shares Offered814,400
Anchor Portion Size (In Cr.)7.09
Anchor lock-in period end date for 50% shares (30 Days)August 17, 2024
Anchor lock-in period end date for remaining shares (90 Days)October 16, 2024

Prizor Viztech IPO Timeline (Tentative Schedule)

Prizor Viztech IPO opens on July 12, 2024, and closes on July 16, 2024.

IPO Open DateFriday, July 12, 2024
IPO Close DateTuesday, July 16, 2024
Basis of AllotmentThursday, July 18, 2024
Initiation of RefundsFriday, July 19, 2024
Credit of Shares to DematFriday, July 19, 2024
Listing DateMonday, July 22, 2024
Cut-off time for UPI mandate confirmation5 PM on July 16, 2024

Prizor Viztech IPO Lot Size

Investors can bid for a minimum of 1600 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.

ApplicationLotsSharesAmount
Retail (Min)11600₹139,200
Retail (Max)11600₹139,200
HNI (Min)23,200₹278,400

Prizor Viztech IPO Promoter Holding

The Promoters of the Company are Ms. Mitali Dasharathbharthi Gauswami and Mr. Gauswami Dasharathbharthi Gopalbharthi

Share Holding Pre Issue93.59%
Share Holding Post Issue68.28%

Prizor Viztech Limited Financial Information (Restated)

Prizor Viztech Limited's revenue increased by 155.95% and profit after tax (PAT) rose by 2546.91% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,461.80862.84538.87
Revenue3,568.621,394.29870.47
Profit After Tax557.4421.063.60
Net Worth666.20108.7687.70
Reserves and Surplus586.2028.767.70
Total Borrowing964.86532.84313.28

Key Performance Indicator

The market capitalization of Prizor Viztech IPO is Rs 93.01 Cr.

KPI as of March 31, 2024.
KPIValues
ROE143.86%
Debt/Equity1.45
RoNW83.67%
P/BV9.67
PAT Margin (%)15.63

Check Prizor Viztech IPO Peer Comparison here.

Pre IPOPost IPO
EPS (Rs)7.155.21
P/E (x)12.1716.69
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Prizor Viztech IPO Objectives)

The company proposes to utilize 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.

Prizor Viztech Limited Contact Details

Prizor Viztech Limited
514, Maple Trade Centre, Nr.
Surdhara Circle
Thaltej, Ahmedabad- 380054,
Phone: +91 78618 04737
Email: investors@prizor.in
Websitehttps://www.prizor.in/

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