Vivo Collaboration SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 20 Dec 2021 – 23 Dec 2021
- Listing date
- 31 Dec 2021
- Face value
- ₹10 per share
- Issue price
- ₹82 per share
- Lot size
- 1,600 shares
- Total issue size
- ₹4.40 Cr
- Market cap at offer price
- ₹16.52 Cr
- Promoter holding
- 100.00% → 73.40% pre-issue → post-issue
- ISIN
- INE0IA701014
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Sarthi Capital Advisors Pvt.Ltd.
- Registered office
- 315, Third Floor, HB Twin Tower, Netaji Subhash Place,, Pitampura, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 27,200 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹82
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,31,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,62,400 |
| S-HNI (max) | 7 | 11,200 | ₹9,18,400 |
| B-HNI (min) | 8 | 12,800 | ₹10,49,600 |
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.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹16.52 Cr |
About Vivo Collaboration SME
Vivo Collaboration Solutions Limited is a cloud communications company incorporated on January 30, 2012, and converted to a public limited company in March 2021. Originally founded by Kapil Gupta, Manish Gupta, and Ankit Jain, the company is currently promoted and controlled by Sonia Mittal and Sanjay Mittal through UC IT Managed Services Private Limited. The company delivers end-to-end Cloud Telephony solutions for enterprises, offering a comprehensive suite of telephony services covering every voice-based solution enterprises need. It has vision to redefine voice-centric communication by enabling enterprises to break free from legacy PSTN-based communication and take IP voice applications to a new level. The company generates revenue from providing cloud communication services to enterprise clients, with top 5 customers contributing 99.58% of revenues for Q1 FY2021-22.
Company Analysis
from RHPVivo Collaboration Solutions Limited provides cloud telephony and unified communications solutions for enterprises, enabling voice-based communication through IP technology rather than legacy PSTN systems.
Vivo Collaboration Solutions Limited is a cloud communications company incorporated on January 30, 2012, and converted to a public limited company in March 2021. Originally founded by Kapil Gupta, Manish Gupta, and Ankit Jain, the company is currently promoted and controlled by Sonia Mittal and Sanjay Mittal through UC IT Managed Services Private Limited. The company delivers end-to-end Cloud Telephony solutions for enterprises, offering a comprehensive suite of telephony services covering every voice-based solution enterprises need. It has vision to redefine voice-centric communication by enabling enterprises to break free from legacy PSTN-based communication and take IP voice applications to a new level. The company generates revenue from providing cloud communication services to enterprise clients, with top 5 customers contributing 99.58% of revenues for Q1 FY2021-22.
Objects of the Issue
- Working Capital Requirements ₹267.66 Lakhs p.15
- General Corporate Purpose ₹109.88 Lakhs p.15
- Issue Expenses ₹61.98 Lakhs p.15
Issue Structure
- Total Issue
- ₹439.52 Lakhs
- Fresh Issue
- 5,36,000 Equity Shares of face value of Rs. 10/- each at Rs. 82/- per share
- Price Band
- Rs. 82/- per Equity Share (Fixed Price)
- Face Value
- Rs. 10/- per Equity Share
Business Model
The company operates on a dynamic pricing model where it has ability to change prices based on prevailing market rates. Revenue is generated from providing cloud telephony and unified communications solutions to enterprise clients on a service basis. The company charges clients for voice-based communication services delivered over cloud infrastructure.
Business Segments
SWOT Analysis
- • Comprehensive suite of cloud telephony solutions for enterprises(p.15)
- • Established track record with experienced management team(p.60)
- • Strong customer relationships and repeat business model(p.24)
- • Largest talent pool and lowest-cost sourcing destination globally(p.70)
- • Rapidly expanding cloud infrastructure market with government support(p.70)
- • High-quality, scalable cloud platform with distributed global data centers(p.85)
- • Comprehensive, modular software-based platform without capital-intensive hardware(p.84)
- • End-to-end cloud telephony solution with device-agnostic approach(p.75)
- • Strong revenue growth from cloud telephony service(p.144)
- • Significant improvement in profitability margins(p.145)
- • Strong cash generation from operations(p.146)
- • Efficient working capital management with improving collection period(p.144)
- • Debt-free capital structure(p.149)
- • Heavy dependence on top 5 customers for revenue(p.21)
- • Registered office not owned by company; lease renewal risk(p.22)
- • No insurance policy coverage for assets(p.25)
- • Promoter shareholding dilution on IPO(p.22)
- • Dependence on third-party infrastructure and service providers(p.23)
- • Related party transactions with promoter(p.25)
- • Very small team with limited human resources(p.85)
- • Contested trademark registrations with opposed status(p.86)
- • Significant loss of revenue and disruption during COVID-19 lockdown(p.74)
- • Heavy dependence on related party (promoter company) for advances(p.131)
- • Significant dependence on few customers(p.148)
- • Outstanding dues to creditors and MSMEs(p.153)
- • Growing adoption of cloud communication technologies in India(p.15)
- • Expansion of Indian cloud infrastructure market with government support(p.15)
- • Customer acquisition and expansion opportunity(p.21)
- • Investment in R&D for emerging technologies(p.24)
- • Benefits of listing on NSE Emerge for brand and financing(p.55)
- • Massive growth in cloud market expected to triple by 2022(p.70)
- • India projected to lead emerging market growth at 12.5% in 2021(p.69)
- • Significant investment opportunity in data center expansion(p.71)
- • Strong demand for cloud services accelerated by pandemic and digital transformation(p.71)
- • Strategy to expand customer base and strengthen relationships with telecom providers(p.75)
- • Significant untapped market in global voice communications and unified communications(p.70)
- • Expansion of cloud telephony services and IT/ITeS market(p.147)
- • Migration potential to main board of NSE(p.173)
- • COVID-19 pandemic impact on business operations and economy(p.27)
- • India's economic slowdown and inflation risks(p.28)
- • Intense competition in cloud communication market(p.20)
- • Pricing pressure from competition(p.24)
- • Regulatory changes and compliance burden(p.19)
- • Dependence on India market with limited geographic diversification(p.23)
- • Terrorist attacks and civil unrest affecting financial markets(p.31)
- • Cyber security threats and data breach risks(p.22)
- • Fragmented and highly competitive cloud telephony market with large global players(p.85)
- • Heavy dependence on a few major customers for revenue stability(p.75)
- • Ongoing uncertainty and potential recurrence of COVID-19 pandemic impacts(p.74)
- • Complex regulatory environment requiring telecom licenses and compliance(p.87)
- • Emerging market volatility and currency fluctuation risks affecting operations(p.141)
- • Dependence on global data center infrastructure and international carrier partnerships(p.85)
- • Promoter tax liabilities pending with authorities(p.152)
- • Competition from local service providers(p.148)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| UC IT Managed Services Private Limited | Promoter | 100.00% | 73.40% |
| UC IT Managed Services Private Limited | Promoter | 100.00% | — |
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.