Vivaa Tradecom Ltd’s Rs. 7.99 crore SME IPO opened for subscription on 27 September

Company to issue 15.66 lakh Equity shares of Rs. 10 face value at a price of Rs. 51 per share; To list on BSE-SME Exchange

Ahmedabad (Gujarat) [India], September 30: Public issue of Vivaa Tradecom Ltd – engaged in the manufacturing and trading of cloths and garments opened for subscription on September 27. Company is planning to raise Rs. 7.99 crore for funding working capital requirements and general corporate purposes. Last date for subscribing for the public issue is October 4.

The initial public offering will comprise a fresh issue of 15.66 lakh equity shares of face value Rs. 10 each at a price of Rs. 51 per share (including a premium of Rs. 41 per equity share) aggregating upto Rs. 7.99 crore. Minimum lot size for the application is 2,000 shares which translates in to Rs. 1.02 lakh per application. Interactive Financial Services Ltd is the lead manager of the issue. Company’s shares will be listed on the BSE SME Exchange Platform.

Incorporated in 2010, Vivaa Tradecom Limited is engaged in the manufacturing as well as trading of clothes and garments. The company’s product list includes Denim Fabric, readymade garments such as Denim/Cotton Jeans for Men, Denim/Cotton Jeans for Women, and also undertake the Cotton Printing Job work and trade in Printed Cotton Fabric.

In March 2023, Vivaa entered into an agreement with Rushil Décor Limited for distributing VIR MDF Boards of various thicknesses and Prelam MDF Boards, which are used in the furniture industry, in Karnataka, Kerala, Delhi, Punjab, Haryana, Uttar Pradesh, Chandigarh, Himachal Pradesh, Jammu & Kashmir, Rajasthan, and Uttarakhand states of India. Vivaa Tradecom’s clientele includes Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retail Limited, and so on.

For the FY22-23 company reported revenues of Rs. 134 crore and Net Profit of Rs. 25.48 lakh. As on March 2023, net worth of the company was Rs. 12.11 crore with reserves and surplus of Rs. 9.74 crore.  Promoters and Promoters Group holds 50% stake in the company. Post-IPO promoter group holding will be 30.11%.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Related Posts

Celebrating Excellence at 2nd Annual World Influencers Day: Honoring Influencers, Solopreneurs, and Community Builders on 9th July

Surat [Gujarat] (India) July 20 : The SocialFACE Awards ceremony, known as the Gala Soiree, was held in Surat for the second year in a row, celebrating amazing influencers, solopreneurs,…

KLM Axiva Finvest to Raise Up to Rs 15,000 Lakhs via NCDs

Kochi (Kerala) [India], July 20: KLM Axiva Finvest Ltd has announced the Company’s tenth public issue of secured redeemable non-convertible debentures with a face value of ₹Rs.1000. The base public…

You Missed

Revolutionary Hair Growth Solution PEP-GF 9/4 Developed by Dr. Ayesha Faizan at Indian Skin Clinic

Revolutionary Hair Growth Solution PEP-GF 9/4 Developed by Dr. Ayesha Faizan at Indian Skin Clinic

Best and Top Dermatological Care: Celebrating 5 Years of Cozmoderm Clinic’s Journey of Innovation and Excellence

Best and Top Dermatological Care: Celebrating 5 Years of Cozmoderm Clinic’s Journey of Innovation and Excellence

Times Now Doctors Day Conclave: Experts call for ‘risk- grading’ of tobacco products in India

Times Now Doctors Day Conclave: Experts call for ‘risk- grading’ of tobacco products in India

Dr. Swetha’s Cosmoderm Centre: Pioneering Advanced Dermatological and Cosmetic Solutions in Bangalore

Dr. Swetha’s Cosmoderm Centre: Pioneering Advanced Dermatological and Cosmetic Solutions in Bangalore

Doctor’s Day Special: Experts Advice To Take Care of Your Health

Doctor’s Day Special: Experts Advice To Take Care of Your Health

Doctor’s Day Special: Best Pediatricians’ Advice on Balancing Digital Screen Time in Kids

Doctor’s Day Special: Best Pediatricians’ Advice on Balancing Digital Screen Time in Kids