Prizor Viztech IPO 2024: 205x Subscription, Key Dates

What the Prizor Viztech IPO is and why it drew attention

Prizor Viztech Limited’s SME IPO saw very strong bidding interest through the subscription window that ran from July 12 to July 16, 2024. The issue was offered as a book-built IPO on the NSE SME platform and, based on updates cited in the provided data, it ended with multi-hundred-times oversubscription across investor categories. For investors tracking SME primary markets, the Prizor Viztech offer became notable for the sharp jump in demand between Day 1 and Day 3, particularly from retail and non-institutional investors.

The IPO was a fresh issue, meaning the company aimed to raise capital via new shares rather than existing shareholders selling. The pricing and lot size also shaped how investors approached bidding, especially since the retail application size per lot remained below the maximum retail subscription amount of ₹2,00,000.

Key dates: opening, closing, allotment, and listing

The IPO opened for subscription on Friday, July 12, 2024, and closed on Tuesday, July 16, 2024. The issue was scheduled to close for subscription at 5 PM on July 16, although the provided information notes that many brokers typically stop accepting applications earlier, often between 1 PM and 3 PM.

After the issue closed, the IPO allotment status was expected to be finalised on Thursday, July 18, 2024. Investors were told they could check allotment status on the NSE website and on the registrar’s website, which was Bigshare Services Private Ltd.

The anticipated listing date was Monday, July 22, 2024, with listing slated on NSE SME.

Price band, face value, and what the multiples imply

Prizor Viztech set a price band of ₹82 to ₹87 per share, with a face value of ₹10 per share. Based on the provided data, this placed the floor price at 8.2 times the face value and the cap price at 8.7 times the face value.

For investors, the price band defined the bidding range during book-building and also determined the final application amount for each lot. The cap price of ₹87 was also the price used for anchor allocations referenced in the subscription updates.

Lot size and retail investment amount

The minimum lot size for an application was 1,600 shares, and bids could be made in multiples of that lot size.

For retail applicants, the data shared a single-lot application amount of ₹1,39,200. Both “Retail (Min)” and “Retail (Max)” were shown as 1 lot (1,600 shares) and ₹1,39,200, which stays within the stated maximum subscription amount for a retail investor of ₹2,00,000.

For HNI/NII investors, the minimum lot size was 2 lots, or 3,200 shares, with an application amount of ₹2,78,400.

Issue size and share count on offer

Prizor Viztech’s IPO was described as an SME book-built issue of ₹25.15 crore, structured as a wholly fresh issue. The fresh issue size was stated as 28.91 lakh shares (2,891,200 shares).

The provided data also explicitly stated: “Prizor Viztech IPO offers 2,891,200 shares.” This share count is important because subscription multiples are measured against the shares made available for bidding in each category.

Reservation and category allocation

The IPO’s reservation details were described in two ways in the provided data. One table stated the reservation framework in percentage terms as:

• QIB shares offered: not more than 50% of the net issue
• Retail shares offered: not less than 35% of the net issue
• NII (HNI) shares offered: not less than 15% of the net issue

The same 50% (QIB), 35% (retail), and 15% (NII) split was also repeated elsewhere in the provided text.

Separately, the data also included a share-count breakup stating that of 2,891,200 shares, 543,360 shares (18.7936%) were allocated to QIB, 412,800 shares (14.2778%) to NII, 960,000 shares (33.2042%) to RII, and 33.72% to “Others.”

Anchor investors: who received shares and at what price

The provided subscription update stated that 814,000 shares at a price of ₹87 per share were allotted to anchor investors. The total anchor allocation amount in rupees was shown as ₹70,818,000, which equals about ₹7.0818 crore.

Subscription status: category-wise demand as of July 16

As per the “Prizor Viztech IPO Subscription As of 16 Jul, 2024” table in the provided information, the IPO saw the following subscription multiples:

• Qualified Institutional Buyers (QIB): 94.54x
• Retail Individual Investors (RII): 268.76x
• Non-Institutional Investors (NII): 202.54x
• Others: 0x
• Total: 204.86x

The day-wise trend shared in the same dataset showed that demand built rapidly into the final day:

Separately, the provided data also mentioned that the IPO “was subscribed 219.45 times,” and another section described the issue as oversubscribed by 221.95 times with 42.54 crore bids received against 19,16,800 shares on offer. These figures indicate that multiple trackers and reports cited in the provided text pointed to very heavy overall demand by the close.

Where to check allotment status and official subscription data

For allotment status, the provided information directed investors to check the NSE website and the registrar website of Bigshare Services Private Ltd, after the expected finalisation date of July 18.

For subscription tracking during the issue period, the data stated that “Prizor Viztech SME IPO live subscription” information was collected from NSE SME and updated every 10 minutes for the open SME IPO.

Market impact: what the numbers say about investor participation

The subscription pattern highlighted a sharp surge in QIB bidding by Day 3, alongside consistently strong retail interest through the period. Retail subscription of 268.76x (as of July 16, per the cited table) indicated that demand significantly exceeded the shares available in the retail bucket.

On timelines, the gap between close (July 16), expected allotment finalisation (July 18), and listing (July 22) was also clearly laid out. For many SME IPO participants, these dates matter because they determine when funds are unblocked and when shares can start trading on the exchange.

Analysis: why the Prizor Viztech IPO data mattered for SME investors

The combination of a ₹25.15-crore issue size and extremely high subscription multiples made this IPO a closely watched SME deal in July 2024. The data also showed that participation was broad-based across categories, with very high retail and NII interest and a late-stage pickup in QIB bids.

The anchor book, priced at the cap price of ₹87, added another data point investors tracked during the issue period. The anchor allocation of 814,000 shares (about ₹7.0818 crore) and the named anchor investors were part of the publicly shared subscription-related information in the provided text.

Conclusion

Prizor Viztech’s NSE SME IPO ran from July 12 to July 16, 2024, at a price band of ₹82 to ₹87 with a 1,600-share lot size, and it recorded exceptionally high subscription multiples by the close. The next key milestones referenced were the expected allotment finalisation on July 18 and the anticipated listing on July 22, with allotment status available via NSE and registrar Bigshare.