We have got a Vivo Collaboration IPO review of the company Vivo Collaboration Limited SME, As per Schedule company has started issuing their IPO shares in the share market from December 20 and will close on December 23, 2021. So, we are here to give you the updates and recent performance of the company as well we are going to discuss company’s lot size and price.
According to the sources, the main objective of the company is to raise ₹4.40 crores through SME IPO. Also, they have fixed the IPO price band at ₹82 with a market lot of 1600 shares. let’s have a look at the company’s background and the important details.
Vivo Collaboration IPO Review & Company Details
The private corporation Vivo Collaboration is known as the next-generation cloud telephone service provider. For the record, they have distributed their channels among more than 135 countries. The company belongs to the tech and communication industries.
The company has different platforms that put together the best of PSTN and VoIP into one unified service suite. The main objective of the company is to provide cloud telephony services. So, that enterprise can be expected as the future means to prove their telephony investments with the Zero-CAPEX, Low- OPEX Model.
The company aims to upgrade all voice-centric communication by enabling enterprises to break free from legacy PSTN-based communication. They have upgraded IP voice applications in these features they have built HD quality audio conferencing redefine user experience, Check Vivo Collaboration IPO Details of the company.
Vivo Collaboration IPO Date & Price Band
| IPO Opening Date | Dec 20, 2021 |
| IPO Closing Date | Dec 23, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 536,000 Eq Shares of ₹10 (aggregating up to ₹4.40 Cr) |
| Fresh Issue | 536,000 Eq Shares of ₹10 (aggregating up to ₹4.40 Cr) |
Vivo Collaboration IPO Lot Size
The Vivo Collaboration IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lot (1600 shares or ₹131,200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹131,200 |
| Maximum | 1 | 1600 | ₹131,200 |
Vivo Collaboration IPO Date, Time Table, Allotment & Listing
The Vivo Collaboration IPO open date is Dec 20, 2021, and the close date is Dec 23, 2021. The issue may list on Dec 31, 2021.
| IPO Open Date | Dec 20, 2021 |
| IPO Close Date | Dec 23, 2021 |
| Basis of Allotment Date | Dec 28, 2021 |
| Initiation of Refunds | Dec 29, 2021 |
| Credit of Shares to Demat Account | Dec 30, 2021 |
| IPO Listing Date | Dec 31, 2021 |
Vivo Collaboration Company Financial Report
| ₹ in crores | |||
| Income | Revenue | Profit After Tax | |
| 2019 | ₹2.90 | ₹9.04 | ₹0.04 |
| 2020 | ₹4.57 | ₹10.03 | ₹0.58 |
| 2021 | ₹7.85 | ₹14.89 | ₹3.19 |
The issue price might be a concern based on its recent performances. They have been surprised with their listed peers as per their financial reports. that shows a sudden boost in the bottom line that may be a concern for the future. Here, both long-term and short-term investors could be interested in this. So, we have provided all the necessary details regarding the company’s IPO and review from our own perspective. So, we hope that you will be interested in more company IPOs reviews then keep following us on All Social Updates.