Prizor Viztech is scheduled to hit the market on July 12, 2024 and close on July 16, 2024. Prizor Viztech plans to raise around ₹25.15 Cr through an IPO with a sale of up to 2,891,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Prizor Viztech Limited, established in 2017, specializes in security and surveillance solutions through a diverse range of CCTV cameras tailored for retail, government, education, and infrastructure sectors. In 2022, the company broadened its offerings to include televisions, touch panels, and monitors, all branded under its name but manufactured by external partners. Moreover, it provides video management software for consolidated surveillance capabilities on a single monitor and location.
The company's product line is segmented into two core categories: Security and Surveillance Solutions encompassing network cameras, high-definition analogue cameras, network video recorders, and digital video recorders; and LED televisions, Monitors & Touch Panels. Operating across 17 states and 2 union territories in India, including Andhra Pradesh, Assam, Delhi, Goa, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal, along with the union territories of Andaman and Nicobar Islands and Jammu and Kashmir. Prizor Viztech Limited's workshops are certified with ISO 9001:2015 and ISO 14001:2015 standards. Additionally, the company adheres to ISO 27001:2013 for Information Security Management System Standard to uphold data security and protect sensitive information. As of July 2024, the company employs 29 full-time staff members across various departments.
Prizor Viztech IPO Details
Prizor Viztech IPO opens on July 12, 2024, and closes on July 16, 2024. The Listing date for Prizor Viztech IPO is on July 22, 2024. The price band for IPO is ₹82 to ₹87 per share and lot size of 1600 Shares.
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Price | ₹82 to ₹87 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹25.15 Cr |
| Face Value | ₹10 per share |
Prizor Viztech IPO Tentative Timetable
Prizor Viztech opening date is July 12, 2024 and close date is July 16, 2024. The IPO allotment date is July 18, 2024. The refund initiation of IPO is on July 19, 2024. The credit of shares in demat account is on July 19, 2024. The listing date is on July 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 12, 2024 |
| IPO Closing | July 16, 2024 |
| IPO Allotment Date | July 18, 2024 |
| Refund Initiation | July 19, 2024 |
| Shares Credit to Demat | July 19, 2024 |
| Lisiting Date | July 22, 2024 |
Prizor Viztech IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹139,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹139,200 |
| Retail(Maximum) | 1 | 1600 | ₹139,200 |
| HNI (Minimum) | 2 | 3200 | ₹278,400 |
Prizor Viztech IPO Promoter Holding
| Pre Issue Share Holding | 93.59% |
| Post Issue Share Holding | 68.28% |
Prizor Viztech IPO Review
Prizor Viztech Ltd. (PVL) operates in the security and surveillance solutions sector, offering a comprehensive range of CCTV cameras and related products. In 2022, PVL expanded its portfolio to include televisions, touch panels, and monitors, manufactured by third parties under its brand name. The company also provides video management software. PVL has a presence in 17 states and 2 union territories in India and, as of the date of the Red Herring Prospectus, employs 29 people. PVL's products are primarily divided into security and surveillance solutions and LED televisions, monitors, and touch panels.
PVL is launching its maiden book-building route IPO of 2,891,200 equity shares at Rs. 10 each, aiming to raise Rs. 25.15 crore at the upper cap. The price band is set at Rs. 82 – Rs. 87 per share, with the issue open from July 12, 2024, to July 16, 2024. The proceeds will be used for working capital, setting up a display center and inventory storage, and general corporate purposes. Post-IPO, PVL's market cap is projected to be Rs. 93.01 crore. Shreni Shares Ltd. is the sole lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Rikhav Securities Ltd. is the market maker.
Financially, PVL has shown significant growth, with total income/net profit of Rs. 8.71 crore/Rs. 0.04 crore (FY22), Rs. 13.94 crore/Rs. 0.21 crore (FY23), and Rs. 35.70 crore/Rs. 5.57 crore (FY24). The sudden boost in FY24 raises concerns about the sustainability of this growth. The issue is priced aggressively based on these earnings, with a P/E of 16.70 based on FY24 and 435 based on FY23. The company's pre-IPO performance and the aggressive pricing suggest caution. Given the competitive and fragmented nature of the market and the concerns over the sustainability of its recent financial performance, it is advisable to avoid this pricey IPO offer.
Prizor Viztech IPO Subscription Status (Bidding Details)
Table not foundPrizor Viztech IPO Broker Recommendations
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- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Prizor Viztech IPO FAQs
What is Prizor Viztech IPO?
Prizor Viztech is issuing 2,891,200 equity shares with a face value of ₹10 each, totaling up to ₹25.15 Cr. The shares are being offered at a price of ₹82 to ₹87 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Prizor Viztech IPO will open?
Prizor Viztech will open on July 12, 2024 for QIB, NII, and Retail Investors.
When Prizor Viztech IPO will end?
Prizor Viztech will end on July 16, 2024.
What is Prizor Viztech IPO Size?
Prizor Viztech IPO size is ₹25.15 Cr.
What is Prizor Viztech IPO Price Band?
Prizor Viztech price band is ₹82 to ₹87 per share.
What is the Prizor Viztech IPO Allotment Date?
Prizor Viztech allotment date is July 18, 2024.
What is the Prizor Viztech IPO Listing Date?
Prizor Viztech listing date is July 22, 2024. The IPO is to be listed on BSE and NSE.
How to Prizor Viztech IPO through Zerodha?
To apply for the IPO “Prizor Viztech” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Prizor Viztech IPO through Upstox?
To apply for the IPO “Prizor Viztech” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Prizor Viztech IPO Allotment Status?
For Prizor Viztech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Prizor Viztech IPO GMP?
You can check out here: Prizor Viztech IPO GMP