The SME IPO of Prizor Viztech, which provides CCTV solutions across various sectors, is looking to raise Rs 25 crore. Shares are priced at Rs 82-87 each, and investors can bid for 1,600 shares per lot. The issue closes on July 16 and is set to list on the NSE SME on July 22.

Prizor Viztech IPO Opens Today: Key Details on Issue Size, Price Band, GMP, and More

The IPO opened for subscription today and will close on July 16. Prizor Viztech aims to raise Rs 25 crore through this public offering and list on the NSE SME platform. Here are 10 essential details investors should know before subscribing:

1. Prizor Viztech IPO Overview

This IPO is a fresh equity issue of 28.91 lakh shares, aiming to raise Rs 25 crore.

2. Share Pricing and Lot Size

Shares are offered at Rs 82-87 each, with a minimum bid of 1,600 shares per lot.

3. GMP Status

There was no Grey Market Premium (GMP) for the company's shares before the issue launch.

4. Company Background

Prizor Viztech specializes in security and surveillance solutions, offering a range of CCTV cameras for various sectors such as retail, government, education, and infrastructure.

5. Industry Snapshot

The Electronics System Design & Manufacturing (ESDM) industry covers electronic hardware products and components for IT, office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano electronics, and medical electronics.

6. Financial Performance

For the fiscal year ending March 2024, Prizor Viztech reported total revenues of Rs 35.69 crore and a net profit of Rs 5.57 crore.

7. Use of Proceeds

The funds raised will be allocated to capital expenditures, working capital needs, and other general corporate purposes.

8. Management and Registrar

Shreni Shares is the lead manager, while Bigshare Services is the registrar for the issue.

9. Issue Allocation

The offer is structured with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.