Vishal Exports Overseas IPO
Vishal Exports Overseas IPO — date, price band, lot size & details 2004
Vishal Exports Overseas listed on 28 May 2004 at ₹55, 22.2% above the ₹45 issue price.
Vishal Exports Overseas is an Ahmedabad based trading company that deals in agricultural commodities in India and overseas, and also generates wind power. Its total income was Rs 1,433.07 crore in FY2003.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 29 Apr 2004
- Close 07 May 2004
- Allotment 24 May 2004
- Refund/credit TBA
- Listing 28 May 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Apr to 7 May, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹5 |
| Lot Size | 100 Shares |
| Issue Size | ₹27 Cr |
| Sale Type | OFS only |
| Listing On | NSE |
| Registrar | Datamatics Business Solutions Ltd. |
| Min Investment | ₹ 4,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹45 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹4,500 |
| Retail (max) | 44 | 4,400 | ₹1,98,000 |
| S-HNI (min) | 45 | 4,500 | ₹2,02,500 |
| S-HNI (max) | 222 | 22,200 | ₹9,99,000 |
| B-HNI (min) | 223 | 22,300 | ₹10,03,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,143.38 crore in FY2002 to Rs 1,433.07 crore in FY2003.
- 02Profit after tax rose from Rs 21.89 crore in FY2002 to Rs 23.59 crore in FY2003.
- 03Net worth rose from Rs 107.32 crore in FY2002 to Rs 147.58 crore on 31 October 2003.
- 04Return on net worth was 18.63%.
Risks · 5
- 01Trading margins are thin; profit after tax was Rs 23.59 crore on income of Rs 1,433.07 crore in FY2003.
- 02Agricultural commodities are seasonal and prices can swing; total borrowing was Rs 124.84 crore.
- 03There were 2 customs cases pending against promoter Pradeep S. Mehta.
- 04The whole Rs 27 crore issue was an offer for sale, so none of it went to the company.
- 05Promoters held 55.51% before and after the issue.
Three years of numbers
All figures in ₹ crore, as reported in the Vishal Exports Overseas offer document.
| Metric | 31 Oct 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 489.75 | 475.42 | 275.77 |
| Total Income | 1,172.10 | 1,433.07 | 1,143.38 |
| Profit After Tax | 20.95 | 23.59 | 21.89 |
| NET Worth | 147.58 | 126.64 | 107.32 |
| Reserves and Surplus | 135.71 | 114.77 | 100.30 |
| Total Borrowing | 124.84 | 128.18 | 101.97 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Vishal Exports Overseas RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Vishal Exports Overseas IPO will be updated shortly.
About the company
It is in international and domestic trading, mainly of agricultural products, which are seasonal, and it uses storage and fumigation to extend their shelf life.
It also has a wind power generation business.
The IPO was Rs 27 crore and was entirely an offer for sale of 60,00,000 shares at Rs 45 by members of the Mehta family who are not promoters, so the company received no money. The promoters did not sell any shares.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
022-66712001
The bankers & the filings
Who is running the book, and the documents this page is built from.
Vishal Exports Overseas IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Vishal Exports Overseas?
The current Grey Market Premium is ₹0.
What is the Vishal Exports Overseas IPO price band?
₹45, on a face value of ₹5.
When is the allotment?
The basis of allotment is 24 May 2004, with listing on 28 May 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Datamatics Business Solutions Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
