Subscriptions for the Vivaa Tradecom initial public offering (IPO) opened on Wednesday, September 27, 2023, and ended on October 4, 2023. Through its IPO, Vivaa Tradecom hopes to raise around ₹7.99 crores. NII is 50%, QIB is 0% and the retail quota is 50%. With a market lot of 2000 shares, the Vivaa Tradecom IPO price band is set at ₹51. October 9, 2023, is when the Vivaa Tradecom IPO Allotment Status will be decided. October 10, 2023, will see the start of the refund procedure, and on October 11, 2023, shares will be added to Demat accounts. October 12, 2023, is anticipated to be the listing date for the Vivaa Tradecom IPO.
Vivaa Tradecom IPO Allotment Status
Vivaa Tradecom is a clothing manufacturer and trader. The company offers readymade clothing like denim and cotton jeans for men and women, as well as denim fabric. The total issue size of Vivaa Tradecom’s initial public offering Vivaa Tradecom IPO Allotment Status is ₹7.99 crore, consisting of a completely new issue of 15.66 lakh equity shares, valued at ₹10 per share.
The fifth and final day of the bidding process, Wednesday, October 4, saw 1.81 subscriptions for the Vivaa Tradecom IPO Allotment Status. According to information on chittorgarh.com, bids for 26.82 lakh equity shares have been received for the public offering, compared to 15.66 lakh shares offered.2.86 times in the retail category and 70% in the Non-Institutional Investors (NII) category have been reserved for the IPO.
Vivaa Tradecom IPO GMP
According to market experts, the Vivaa Tradecom IPO GMP today, also known as the grey market premium today, is ₹0 rupees per share. On the basis of this information, it can be deduced that Vivaa Tradecom shares are being traded on the grey market at their original price of ₹51 each, without any premium or discount.
| IPO Open | September 27, 2023 |
| IPO Close | October 4, 2023 |
| IPO Size | Approx ₹7.99 Crores, 1,566,000 Equity Shares |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹51 Per Equity Share |
| Retail Quota | 50% of the net offer |
| QIB Quota | [.]% of the net offer |
| NII Quota | 50% of the net offer |
| Basis of Allotment | 9 October 2023 |
| Initiation of Refunds | 10 October 2023 |
| The credit of Shares to Demat | 11 October 2023 |
| Listing Date | 12 October 2023 |
| IPO Listing on | BSE SME |
The pricing range for the Vivaa Tradecom IPO is ₹51 per share. With a total new issuance of 15.66 lakh equity shares, the IPO issue amount is ₹7.99 crore. The par value of each share is $10. Retail investors must deposit a minimum of ₹102,000, with lots of 2,000 shares in the IPO. 7.42 lakh shares, or 47.38% of the total shares, have been set aside by the firm for retail investors, and another 47.38% of the shares are set aside for non-institutional investors (NII) in the initial public offering (IPO).
How To Check Vivaa IPO Allotment Status?
To check the Vivaa IPO allotment status, follow these steps:
- Visit the registrar’s website or the stock exchange’s website where the IPO was listed.
- The “IPO Allotment” or “Allotment Status” section is where you want to be.
- Provide your PAN card information or application number.
- Submit the information to view your IPO allotment status.
- You will see if you have been allotted shares and the number of shares allotted.
- If allotted, you can also check the expected date of the credit of shares to your demat account.
- Check your messages and emails often for updates.
Vivaa Tradecom Ltd. IPO Objective
- To meet the working capital requirements
- Finance general corporate purposes
- Cover issue expenses
Vivaa Tradecom IPO Lot Size
Retail investors must deposit a minimum of ₹102,000, with lots of 2,000 shares in the IPO.
Vivaa Tradecom IPO Reservation
7.42 lakh shares, or 47.38% of the total shares, have been set aside by the firm for retail investors, and another 47.38% of the shares are set aside for non-institutional investors (NII) in the initial public offering (IPO).
- Retail Quota: 50% of the net offer
- NII Quota: 50% of the net offer
Should you invest in Vivaa Tradecom Ltd?
- Leading Indian apparel companies are among the clientele of the organization.
- Through its clientele, it is present across all of India.
- Vivaa Tradecom provides a wide variety of products, such as printed textiles, denim readymade clothing, and more.
Vivaa Tradecom IPO Review
As a manufacturer and exporter of industrial safety gloves and garments, Vivaa Tradecom offers customized solutions. Manufacturing facilities in Baruipur, Nandankanan, and Falta SEZ West Bengal support the effort.
Our gloves, industrial garments, protective PPEs, and industrial safety solution baskets are well-regarded for their quality. They mostly manufacture and export brands. The company started making PPEs in 1997 and now exports to the US, Spain, Germany, and Belgium.