Prizor Viztech IPO Review

PRIZOR VIZTECH LIMITED is the youngest and leading supplier of video surveillance products, its solutions and services. With all its products and services, PRIZOR enhances the quality of life by providing solutions which are both innovative and beneficial. PRIZOR have its wide range of strong R&D and its policy to listen to its customers, thereby delivering them, the best Solutions.

The Company was incorporated in the year 2017 by their experienced promoters, Ms. Mitali Dasharathbharthi Gauswami and Mr. Gauswami Dasharathbharthi Gopalbharthi who possesses over 7 and 11 years of experience in the industry.

Financially, Prizor Viztech revenue increased from ₹870.47 Lakhs in FY22 to ₹1,394.29 Lakhs in FY23 and currently increased to ₹3,569.62 Lakhs in FY24. Similarly, EBITDA increased from ₹18.83 Lakhs in FY22 to ₹53.05 Lakhs in FY23 but currently at ₹822.36 Lakhs in FY24. The PAT also increased from ₹3.60 Lakhs in FY22 to ₹21.06 Lakhs in FY23 and currently at ₹557.44 Lakhs in FY24. This indicates a steady growth in financial performance.

For the Prizor Viztech IPO, the company is issuing shares at a pre-issue EPS of ₹7.53 and a post-issue EPS of ₹5.21. The pre-issue P/E ratio is 11.55x, while the post-issue P/E ratio is 16.69x against the industry P/E ratio of 37.02x. The company's ROCE for FY24 is %, and ROE for FY24 is 143.86%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Prizor Viztech indicates potential listing gains of 50%-55%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to apply for Listing Gain and Long Term Investment Purposes.