Prizor Viztech IPO

Apply now
Don't have a Zerodha account? Sign up

12th – 16th Jul 2024
22 Jul 2024
₹82 – ₹87
1600 shares (₹139200)
25cr

Schedule

Issue open date 12 Jul 2024
Issue close date 16 Jul 2024
UPI mandate deadline 16 Jul 2024 (5 PM)
Allotment finalization 18 Jul 2024
Refund initiation 19 Jul 2024
Share credit 19 Jul 2024
Listing date 22 Jul 2024
Mandate end date 31 Jul 2024
Lock-in end date for anchor investors (50%) 18 Aug 2024
Lock-in end date for anchor investors (remaining) 18 Oct 2024

About

Incorporated in 2017, Prizor Viztech is engaged in the business of providing security and surveillance solutions by offering a comprehensive range of CCTV cameras that serve different verticals like retail, government, educational, and infrastructure, among others. The company’s product portfolio is mainly segregated into two parts, namely: (i) Security and Surveillance Solutions (network cameras & high-definition analog cameras, network video recorders, digital video recorders) and (ii) LED televisions, Monitors & Touch Panels.

The company is accredited with management system certificates for compliance with ISO 9001:2015 and ISO 14001:2015. In addition, It also holds ISO 27001:2013 certification for ‘Information Security Management System Standard’ that acknowledges the company’s capability to safeguard sensitive information and ensure data security. In the year 2022, The company started offering televisions, touch panels, and monitors manufactured by third parties under the brand name “PRIZOR” and supplied products across 17 states and 2 union territories in India.


Financials



Issue size

Funds raised in the IPO Amount
Overall ₹25.15 crores
Fresh issue ₹25.15 crores
Offer for sale

Utilisation of proceeds

Purpose INR crores (%)
Capital expenditure 4.19 (16.6%)
Working capital 14 (55.7%)
General corporate purposes 6.96 (27.7%)

*All figures except EPS are in ₹ crores

Strengths

  • Wide product portfolio having applications across industry verticals: With applications across different verticals like retail, government, educational, and infrastructure sectors, the company offers its clients both basic CCTV systems (e.g., HD CCTV Cameras) for their homes or TV displays for their commercial properties (e.g., face detection cameras, broadcasting cameras, etc).
  • Leveraging the experience of promoters and directors: The company’s promoter, chairman, and MD, Ms Mitali Dasharathbharthi Gauswami, and the whole-time Director, Mr Gauswami Dasharathbharthi Gopalbharthi have 7 years and 11 years of experience in the industry and are well-versed in the latest advancements in technology and are constantly updating their knowledge to provide innovative and customized solutions to meet the varied requirements of the clients.

Risks

  • Clientele risk: The company relies on its top 5 clients for over 77% of its revenue. Losing any of these major customers could negatively impact revenue and profitability.
  • Geographical concentration risks: With operations primarily concentrated in Gujarat, where nearly 75-93% of the revenue has been generated in the past three years, any adverse developments affecting this region can pose significant operational risks.
  • Related party transactions: The company has entered into related party transactions in the past with revenues ranging between 10-45% in the last three years and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by July 19, 2024, on the registrar’s website and the NSE website.