Vivaa Tradecom Limited IPO

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i. Vivaa Tradecom is engaged in the manufacturing as well as trading of Cloths and Garments. They were selling readymade garments to various reputed clients on Pan India basis. Lifestyle International Pvt. Ltd., Aditya Birla Fashion and Retail Ltd., Lajja Polyfab Pvt. Ltd., Nandan Denim Limited, Bajaj Impex, Reliance Retailes Limited etc were the some of the reputed clients. Denim jeans garments and denim cloths was one of the most traded segment. They are directly purchasing readymade garments and cotton and Jeans garments from the market and sale it to our customers.

ii. From April 2022 the major business is with the Ahmedabad based buyer and seller. In most of the cases their purchases are based on the order received by them from their clients, however some times, looking to the market supply and demand position, they purchase and store the garments and cloths in view get better margin.

iii. The company has sold the Factory under the Business undertaking as going concern basis, by way of slump sale to Globe Textiles (India) Ltd. at a consideration of Rs.26.43 crores (Rupees Twenty Six Crores Forty Three lacs only). The Factory was sold under slump sale. They have turn into Assets Light Model while selling the manufacturing units.

iv. Their company carry out the trading of 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.

Competitive Strengths

i. Experienced Promoter
ii. Quality Service
iii. High level of customer satisfaction
iv. Established relations with suppliers

Objects of the Vivaa Tradecom Limited IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. Working capital requirement. ii. General Corporate Purpose. iii. Meeting Public Issue Expenses.
DRHP of Vivaa Tradecom Limited IPO
RHP of Vivaa Tradecom Limited IPO

Vivaa Tradecom Limited IPO Details:

Open Date: Sep 27 2023
Close Date: Oct 04 2023
Total Shares: 1,566,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 7.99 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 51 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 12 2023

Promoters And Management:

i. Mitesh Adani aged 59 years, is the Promoter and Managing Director of the company. He is Matriculate. He is the key managerial person and the backbone behind the expansion of the Business and catering to the increasing demand of the customers. He is having experience of business of Textile goods of about 25 years. He is looking after the administration and management of the the Company ii. Sangita Jain aged 55 years, SSC passed is an Executive Director of the company. She is looking after accounts and general administration. She is Director with two other companies. iii. Dineshsingh Kshatriya aged 51 years, is Non-Executive Director of the company and completed B.Sc. in the year 1991.He is the proprietor of Garima Communication and Director with Garima Advertising and Marketing Pvt. Ltd. He is having more than 25 years of Experience in Advertising and Media line. He looks after the marketing and media coverage for the Company

Financials of Vivaa Tradecom Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
Revenue from Operations 14,641 24,320 13,402
Other Income 93 408 1
Total Revenue 14,735 24,729 13,403
Cost of Materials Consumed 1,264 1,961 0
Purchases of Stock-In-Trade 10,874 19,752 13,058
Changes in Inventories 361 -466 175
Employee benefits expenses 701 1,082 20
Other Expenses 1,316 2,171 53
EBITDA 219 227 96
Depreciation & Amortisation 121 121 19
Finance Cost 100 85 40
EBIT 98 106 77
OPM (%) 1.48% 0.92% 0.72%
PBT -2 21 37
Tax 5 -23 12
PAT -6 44 25
NPM (%) -0.04% 0.18% 0.19%
No.of Shares 39.37 39.37 39.37
EPS -0.16 1.12 0.64

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Vivaa Tradecom Limited 134 0.25 0.64 78.8 51 20
Thomas Scott (India) Limited 62 2.88 5.22 17.8 107 59
Bang Overseas Limited 118 1 0.85 N/A 49.6 67
* All the data is as per FY23.

Lead Manager of Vivaa Tradecom Limited IPO:

  1. Interactive Financial Services

Registrar of Vivaa Tradecom Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Vivaa Tradecom Limited 17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad – 382405 Phone: +91 99248 22188 Email: account@vivaatrade.com Website: https://www.vivaatrade.com/

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