New Delhi: The Small and Medium Enterprise (SME) Initial Public Offer (IPO) of CCTV camera manufacturing company Prizor Viztech Ltd is underway. Even with small size, the public issue, has garnered lot of retail traction in the primary market. The Prizor Viztech IPO GMP has gradually risen from the time the company’s IPO hit the floors on Friday July 12, 2024. While, the Prizor Viztech IPO Subscription Status has reached multifold ahead of day two of the bidding process on Monday, July 15.
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Giving a subscription call on the ongoing public issue, stock market analyst Santosh Singh told Money9 that retail investors can consider investing in this SME IPO. He said, “The company’s financial figures are impressive. ROE, ROCE are superior. The firm’s Ebitda margin stands at 23 per cent and it has 15 per cent PAT margin.”
Prizor Viztech IPO GMP today
According to Investor Gain, Prizor Viztech IPO GMP today increased to Rs 55 ahead of day two of the Rs 25 crore public issue on Monday. Considering the latest GMP and Prizor Viztech IPO price band upper limit of Rs 87, the company’s shares may list with a gain of 63 per cent on Monday, July 22, 2024 . Albeit, GMP cannot be considered as an official number.
Prizor Viztech IPO Subscription Status
Prizor Viztech IPO Subscription Status stood at 14 times by the end of day one of the stake sale process on July 12. So far, retail investors’ category has remained oversubscribed by a higher margin than Non Institutional Investors’ (NIIs) and Qualified Institutional Buyers’ (QIBs) categories. The retail portion has been ovesubscribed 24 times while, NII’s cateogory was oversubscribed 8X.
Prizor Viztech IPO lot size
Retail investors can bid for a minimum of 1,600 shares in a single lot and in multiples thereof. At lower limit of Prizor Viztech IPO price band of Rs 82-87, retail investors will have to invest a minimum of Rs 1.31 lakh.
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Prizor Viztech IPO Allotment Date
Prizor Viztech IPO expected allotment date is Thursday, July 18, 2024. While, the shares are expected to be credited to the demat accounts of eligible investors on July 19, and are likely to be listed on Monday, July 22 on the NSE SME.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The Prizor Viztech IPO GMP today has risen from the time the company’s IPO had hit the floors on Friday July 12, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
