Prizor Viztech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 82 to ₹ 87 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 28,91,200 shares (aggregating up to ₹ 25.15 Cr) |
| Fresh Issue | 28,91,200 shares (aggregating up to ₹ 25.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 78,00,003 |
| Shareholding post issue | 1,06,91,203 |
| Market Maker portion | 1,60,000 shares Rikhav Securities |
About Prizor Viztech Limited IPO
Prizor Viztech company was incorporated in the year 2017. The Company is engaged in the business of providing security and surveillance solutions by offering a comprehensive range of CCTV cameras that serve different verticals like retail, government, educational and infrastructure, among others. The company in the year 2022 expanded its product portfolio by selling different sizes and features of televisions, touch panels and monitors manufactured by third parties under our brand name.
They also provide services including video management software which offers surveillance features to our customers in a single monitor and location. Prizor Viztech IPO is a book-built issue of Rs 25.15 crores. The issue is entirely a fresh issue of 28.91 lakh shares. Prizor Viztech IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. Prizor Viztech IPO price band is set at ₹82 to ₹87 per share. The minimum lot size for an application is 1600 Shares. 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 the Prizor Viztech IPO is Rikhav Securities.
Prizor Viztech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Prizor Viztech IPO Anchor Investors Details
| Bid Date | July 11, 2024 |
| Shares Offered | 814,400 |
| 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 |
Company & Financials
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.
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.
Prizor Viztech IPO Review
The company is operating in a highly competitive and fragmented segment. The company marked average financial performance till FY23 and posted a sudden boost in its top and bottom lines for FY24. Based on pre-IPO year super earnings, the issue appears aggressively priced at fancy valuations. There is no harm in skipping this pricey offer.
Prizor Viztech Limited IPO Financial Information
Latest Revenue
3,568.62
₹ Crore
Profit After Tax
557.44
₹ Crore
Net Worth
666.20
₹ Crore
Total Borrowing
964.86
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 2,461.80 | 3,568.62 | 557.44 | 666.20 | 964.86 | ||||
| 31 Mar 2023 | 862.84 | 1,394.29 | 21.06 | 108.76 | 532.84 | ||||
| 31 Mar 2022 | 538.87 | 870.47 | 3.60 | 87.70 | 313.28 | ||||
| Amount in ₹ Crore | |||||||||
Prizor Viztech Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 143.86% |
| Debt/Equity | 1.45 |
| RoNW | 83.67% |
| P/BV | 9.67 |
| PAT Margin (%) | 15.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.15 | 5.21 |
| P/E (x) | 12.17 | 16.69 |
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Competitive Strengths
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Prizor Viztech Limited IPO Timeline
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |