Prizor Viztech
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 12 Jul 2024 – 16 Jul 2024
- Listing date
- 22 Jul 2024
- Face value
- ₹10 per share
- Issue price
- ₹87 per share
- Lot size
- 1,600 shares
- Issue type
- Book Building issue
- Total issue size
- ₹25.15 Cr
- Market cap at offer price
- ₹93.01 Cr
- Promoter holding
- 93.59% → 68.28% pre-issue → post-issue
- ISIN
- INE0V9N01017
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Shreni Shares Ltd.
- Registered office
- 514, Maple Trade Centre, Nr., Surdhara Circle, Thaltej, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 8,14,400 | — | — |
| Market maker | 1,60,000 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹87
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,39,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,78,400 |
| S-HNI (max) | 7 | 11,200 | ₹9,74,400 |
| B-HNI (min) | 8 | 12,800 | ₹11,13,600 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.15 | 5.21 |
| P/E (×) | 12.17 | 16.70 |
| Price to book (×) | 9.67 | — |
| Market cap | — | ₹93.01 Cr |
Key performance indicators
- Return on net worth
- 83.67%
- Debt / equity
- 1.45
- PAT margin
- 15.63%
- NAV per share
- ₹9
- Price to book
- 9.67
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Prizor Viztech
Prizor Viztech Limited was incorporated on February 10, 2017 as Prizor Viztech Private Limited in Ahmedabad, Gujarat, and became a public limited company (renamed Prizor Viztech Limited) with effect from October 13, 2021. The company is engaged in providing security and surveillance solutions by offering a comprehensive range of CCTV cameras serving verticals such as retail, government, educational and infrastructure. It purchases components (PCBs, lenses, infrared cut-off filters, camera housings, cables and video-recorder main boards) from domestic and international suppliers and assembles surveillance cameras at its workshop in Thaltej, Ahmedabad; in 2022 it expanded its portfolio by selling televisions, touch panels and monitors manufactured by third parties under its own 'PRIZOR' brand, and it also provides services including video management software that delivers surveillance on a single monitor and location, along with technical, installation and repair services. Its products have been supplied across 17 states and 2 union territories of India, and it is a registered vendor under the government's 'Make in India' (GeM) scheme. For FY2024 the company reported revenue from operations of Rs. 3,565.41 lakhs and profit after tax of Rs. 557.44 lakhs.
Company Analysis
from RHPPrizor Viztech Limited provides security and surveillance solutions through a comprehensive range of CCTV cameras and related services, and also sells LED televisions, touch panels and monitors under its 'PRIZOR' brand, spanning the security-surveillance and consumer-electronics industries.
Prizor Viztech Limited was incorporated on February 10, 2017 as Prizor Viztech Private Limited in Ahmedabad, Gujarat, and became a public limited company (renamed Prizor Viztech Limited) with effect from October 13, 2021. The company is engaged in providing security and surveillance solutions by offering a comprehensive range of CCTV cameras serving verticals such as retail, government, educational and infrastructure. It purchases components (PCBs, lenses, infrared cut-off filters, camera housings, cables and video-recorder main boards) from domestic and international suppliers and assembles surveillance cameras at its workshop in Thaltej, Ahmedabad; in 2022 it expanded its portfolio by selling televisions, touch panels and monitors manufactured by third parties under its own 'PRIZOR' brand, and it also provides services including video management software that delivers surveillance on a single monitor and location, along with technical, installation and repair services. Its products have been supplied across 17 states and 2 union territories of India, and it is a registered vendor under the government's 'Make in India' (GeM) scheme. For FY2024 the company reported revenue from operations of Rs. 3,565.41 lakhs and profit after tax of Rs. 557.44 lakhs.
Objects of the Issue
- Funding of capital expenditure requirements towards setting up of Display Centre and Inventory Storage in Ahmedabad, Gujarat (acquisition of Shop No. 14 and Shop No. 15 totalling 114.10 sq.m. carpet area from Aaryan Buildinfra LLP for Rs. 336.96 lakhs plus interiors/furnishing works of Rs. 87.18 lakhs) Rs. 419.12 Lakhs p.88
- Funding Working Capital Requirements of the Company (in Fiscal Year 2025) Rs. 1,400.00 Lakhs p.91
- General corporate purposes (capped at 25% of gross proceeds; amount to be determined upon finalisation of Issue Price) p.94
Issue Structure
- Total Issue
- Up to 28,91,200 Equity Shares aggregating to Rs. [.] Lakhs (constituting 27.04% of post-issue paid-up equity share capital)
- Fresh Issue
- Up to 28,91,200 Equity Shares aggregating up to Rs. [.] Lakhs (entire issue is a Fresh Issue; includes Market Maker Reservation Portion of up to 1,60,000 Equity Shares; Net Issue of up to 27,31,200 Equity Shares constituting 25.55% of post-issue capital)
- Offer for Sale
- N.A. - not applicable as the entire issue constitutes a fresh issue of equity shares
- Face Value
- Rs. 10/- each
Business Model
The company earns revenue mainly by assembling and selling CCTV cameras and surveillance/recording equipment (64.12% of FY2024 revenue from operations), by reselling third-party-manufactured LED televisions, touch panels and monitors under its own 'PRIZOR' brand (28.11%), by selling accessories such as adapters, cables, connectors, DVRs, hard disk drives, network switches and NVRs (1.79%), and by providing technical services, installation and repairs (5.98%). Sales serve retail, government (including via the GeM marketplace, Rs. 9.45 lakhs in FY2024), educational and infrastructure customers, typically on an order-by-order basis without long-term contracts.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Ms. Mitali Dasharathbharthi Gauswami | Promoter | 61.92% | 45.18% |
| Mr. Gauswami Dasharathbharthi Gopalbharthi | Promoter | 31.67% | 23.10% |
| Mr. Ashokkumar Amritlal Parmar | Promoter Group | Negligible | Negligible |
| Ms. Parmar Jayshreeben Ashokbhai | Promoter Group | Negligible | Negligible |
| Mr. Govindvan Swarupvan Vairagi | Promoter Group | Negligible | Negligible |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.