Prizor Viztech made an impressive market debut with its shares listing at Rs 165.30 on the NSE SME platform on July 22, reflecting a 90 percent premium over the issue price of Rs 87.
The company recently launched an IPO, raising Rs 25.15 crore through a fresh issue of 28.91 lakh shares, with no offer-for-sale component. The IPO bidding opened on July 12 and concluded on July 16, with the final allotment of shares on July 18. Prior to the IPO, Prizor Viztech raised Rs 7.09 crore from anchor investors on July 11.
The IPO price band was set between Rs 82-87 per share. Retail investors had to apply for a minimum of 1,600 shares, requiring an investment of Rs 1.39 lakh. High Net Worth Individuals (HNIs) needed to invest in a minimum of two lots, or 3,200 shares, amounting to Rs 2.78 lakh.
Shreni Shares Ltd was the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd served as the registrar. Rikhav Securities was the market maker for the issue.
Founded in 2017, Prizor Viztech specialises in security and surveillance solutions. The company offers a wide range of CCTV cameras for sectors such as retail, government, education, and infrastructure. In 2022, Prizor Viztech expanded its product line to include televisions, touch panels, and monitors, sold under its brand but manufactured by third parties. Additionally, the company provides video management software, allowing customers to manage surveillance features seamlessly from a single monitor and location.
As of the latest update, Prizor Viztech shares were trading at a significant premium, reflecting strong investor confidence in the company.
