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.

Business News Finance PNN News Press Release

Creditwalle Revolutionizes Borrowing with Instant Loan Offerings, Redefining Financial Dynamics

Creditwalle is redefining financial dynamics with the launch of its revolutionary financial services platform, empowering borrowers with instant loan offerings, seamless lending process, transparency, and 24/7 accessible customer support team, so borrowers can find what they are looking for without going through a tedious process.  In the era of fast-paced lifestyles and digital advancements, loans […]

Read More
Business News National PNN News Press Release

Akkala Sudhakar Congratulates Newly Elected Union Ministers Kishan Reddy and Bandi Sanjay Kumar

Hyderabad (Telangana) [India], June 14:  Akkala Sudhakar, esteemed member of the Central Film Censor Board along with Mr. Raghunath Verabelli, BJP Mancherial District President, and Mr. Vijjith, BJP Medchal District Secretary has extended his heartfelt congratulations to Kishan Reddy and Bandi Sanjay Kumar on their recent appointments as Union Ministers. Kishan Reddy has been elected […]

Read More
Business News Finance PNN News Press Release

Creditwalle Launches Next-Generation Financial Services Platform, Making Borrowing Effortless

Creditwalle is making borrowing effortless with the launch of its next-generation financial services platform. The company is empowering borrowers with transparency, a fast lending mechanism, and 24/7 customer support to ensure borrowers don’t feel the urge to shift preferences.  Today, the financial market is consistently evolving based on the growing demand for accessibility, speed, and […]

Read More