Vistar Amar IPO: Key details, price band, important Dates and Subscription Status

Vistar Amar IPO: The Indian stock market is buzzing with another IPO announcement—the Vistar Amar IPO. Investors are eager to learn more about this offering as it aims to unlock opportunities in the dynamic and fast-evolving business landscape. This article provides an in-depth look at the Vistar Amar IPO, its details, and its investment potential.

Vistar Amar Limited, established in 1983, is involved in the business of fish and fish-related processing activities. The company specializes in producing sterilized fish meals from fish or fish waste using an automated process. These fish meals, containing 30% to 50% protein, are used as animal feed, fertilizers, and in the production of aqua feed for fish and shrimp.

Vistar Amar IPO: They also supply fish meal powder used for pet food, poultry, and other applications. With over 25 years of experience, Vistar Amar has gained a strong foothold in marine, fish protein, aqua feed, and alternative protein industries.

Between the financial year ending March 31, 2024, and March 31, 2023, Vistar Amar Limited’s revenue increased by 15.47%, while profit after tax (PAT) rose by 17.16%.

IPO Size: The IPO is expected to raise approximately ₹75 crores through a combination of fresh issue of shares and an offer for sale (OFS).

Price Band: The IPO price band has been set at ₹115 to ₹120 per equity share.

Market Lot: Investors can bid for a minimum of 100 shares and in multiples thereafter.

IPO Dates: The Vistar Amar IPO is scheduled to open on December 21, 2024, and close on December 26, 2024.

Listing: The shares will be listed on both the NSE and BSE.

Objective of the Issue: The proceeds from the IPO will be utilized for working capital requirements, debt repayment, expansion of operations, and general corporate purposes.

Rights Issue Open: December 13, 2024

Rights Issue Close: December 20, 2024

Record Date: December 6, 2024

Last Date to Buy Shares: December 5, 2024

Renunciation of Rights Entitlements: December 17, 2024

Deemed Date of Allotment: December 2024

Rights Issue Size: ₹29.95 Crores

Price Band: ₹117 Per Equity Share

Face Value: ₹10 Per Equity Share

Entitlement Ratio: 4:5 (4 rights shares for every 5 fully paid equity shares held on the record date)

Equity Offered: 2,560,000 Equity Shares

Listing: BSE

Vistar Amar Financial Report:

1. Strong Market Presence: A significant market share and a well-established customer base give Vistar Amar an edge over competitors.

2. Innovative Solutions: The company’s focus on innovation and technology-driven solutions sets it apart in the industry.

3. Experienced Leadership: Led by a team of seasoned professionals, Vistar Amar has a clear vision for growth and profitability.

4. Scalable Business Model: The company’s operations are scalable, allowing it to expand into new markets and geographies.

Vistar Amar IPO: As of today, the Grey Market Premium (GMP) for the Vistar Amar IPO is ₹30. While GMP is an unofficial indicator, it reflects the market’s sentiment toward the IPO. A positive GMP is often seen as a sign of strong investor interest.

Market Volatility: Like any IPO, Vistar Amar is subject to market risks and economic fluctuations.

Industry Competition: The presence of established players could impact the company’s growth trajectory.

Execution Risk: The success of expansion plans depends on effective execution and management.

Vistar Amar IPO: Market experts have expressed optimism about the Vistar Amar IPO, citing its strong fundamentals and growth potential. However, they advise investors to carefully evaluate the company’s financials, industry position, and risk factors before making a decision.

Investors can apply for the Vistar Amar IPO through:

1. ASBA (Application Supported by Blocked Amount): Available through net banking.

2. UPI-Based Applications: Retail investors can use UPI to apply via broker platforms.

3. Broker Platforms: Popular stockbroking platforms offer seamless IPO applications.