Prizor Viztech makes market debut with 90% premium on NSE SME

Incorporated in 2017, Prizor Viztech specializes in security and surveillance solutions.

Prizor Viztech made a stellar  market debut, with its shares listing at Rs 165.30 on the NSE SME platform on July 22, reflecting an impressive 90 percent premium over the issue price of Rs 87.

Prizor Viztech recently launched its IPO, a book-built issue amounting to Rs 25.15 crore. The IPO consists entirely of a fresh issue of 28.91 lakh shares, with no offer-for-sale component.

The bidding for Prizor Viztech IPO opened on July 12 and concluded on July 16. The allotment of shares was finalised on July 18.

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Prizor Viztech raised Rs 7.09 crore from anchor investors ahead of its IPO. The anchor bid date was July 11.

The IPO price band was set between Rs 82-87 per share. Retail investors were required to apply for a minimum lot size of 1,600 shares, translating to a minimum investment of Rs 1.39 lakh. For High Net Worth Individuals (HNIs), the minimum investment was two lots, or 3,200 shares, amounting to Rs 2.78 lakh.

Shreni Shares Ltd acted as the book-running lead manager for the Prizor Viztech IPO, while Bigshare Services Pvt Ltd served as the registrar. The market maker for the issue was Rikhav Securities.

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Incorporated in 2017, Prizor Viztech specialises in security and surveillance solutions. The company offers a diverse range of CCTV cameras tailored for various sectors, including retail, government, education, and infrastructure. In 2022, Prizor Viztech expanded its product portfolio to include televisions, touch panels, and monitors. These products are sold under the company's brand name but are manufactured by third-party producers. Additionally, Prizor Viztech provides video management software, enabling customers to manage surveillance features seamlessly on a single monitor and location.

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