Viviana Power Tech IPO
Viviana Power Tech IPO Incorporated in 2014, Viviana Power Tech Limited is engaged in the business of Power Transmission, Distribution and Industrial EPC space projects (Engineering, Procurement and construction). The company provide a wide range of services such as Power Transmission, EHV substation, Testing and Commissioning of sub-station and Transmission, Power Distribution Network Establishment, Underground Cable laying, Upgradation and modification of existing power system.
Viviana Power Tech has a business module to suit operational needs. Business operations mainly comprise two main tasks: Supply and service. The company owns adequate machinery but for specific requirements of machinery, The company avails services on a hire basis.
The company is an ISO 9001:2015 certified organization for Quality Management systems, ISO 14001:2015 for Environmental Management systems and OHSAS 45001:2018 for Occupational Health and Safety Management systems.
Competitive Strengths:
- Organizational stability along with management expertise.
- Existing client relationship.
- Well-trained employee base.
- Quality Assurance.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 943.44 | 2009.82 | 120.8 | 285.41 | 262.41 |
| 31-Mar-21 | 1889.2 | 2262.21 | 98.62 | 384.03 | 361.03 |
| 31-Mar-22 | 2147.65 | 3299.73 | 290.44 | 674.48 | 651.48 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
IPO Details
| Viviana Power Tech IPO Date | Sep 5, 2022 to Sep 8, 2022 |
| Viviana Power Tech IPO Face Value | ₹10 per share |
| Viviana Power Tech IPO Price | ₹55 per share |
| Viviana Power Tech IPO Lot Size | 2000 Shares |
| Issue Size | 1,600,000 shares of ₹10 (aggregating up to ₹8.80 Cr) |
| Fresh Issue | 1,600,000 shares of ₹10 (aggregating up to ₹8.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Nikesh Kishorchandra Choksi, Mr. Richi Nikeshbhai Choksi and Mrs. Priyanka Richi Choksi are the company promoters. |
IPO Timeline
IPO opens on Sep 5, 2022, and closes on Sep 8, 2022. The IPO bid date is from Sep 5, 2022 10.00 A.M. to Sep 8, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Viviana Power Tech IPO Opening Date | Sep 5, 2022 |
| Viviana Power Tech IPO Closing Date | Sep 8, 2022 |
| Basis of Allotment | Sep 13, 2022 |
| Initiation of Refunds | Sep 14, 2022 |
| Credit of Shares to Demat | Sep 15, 2022 |
| Viviana Power Tech IPO Listing Date | Sep 16, 2022 |
IPO Lot Size
The IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.20% |
IPO Prospectus
- › IPO DRHP
Company Contact Information
Viviana Power Tech Limited
313-315, Orchid Plaza,
B/H Macdoland, Sama-Savli Road,
Vadodara – 390024,
Phone: +91 8866797833
Email: [email protected]
Website: http://www.vivianagroup.in/
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
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IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
