Prizor Viztech IPO

About Prizor Viztech Limited

Prizor Viztech Limited specialises in security and surveillance solutions, offering a comprehensive range of CCTV cameras for various sectors such as retail, government, education, and infrastructure. In 2022, the company expanded its product portfolio to include televisions, touch panels, and monitors manufactured by third parties under its brand name. Additionally, Prizor Viztech provides video management software, offering a unified surveillance feature to customers.

The company has a wide reach, supplying products across 17 states and 2 union territories in India. Prizor Viztech was incorporated in 2017 by experienced promoters Ms. Mitali Dasharathbharthi Gauswami and Mr. Gauswami Dasharathbharthi Gopalbharthi, who have extensive industry experience. The management team provides technical, marketing, and sales guidance.

Prizor Viztech’s product portfolio includes security and surveillance solutions, such as network and high-definition analog cameras, network video recorders, digital video recorders, as well as LED televisions, monitors, and touch panels. The company is a registered vendor under the "Make in India" initiative, which promotes domestic manufacturing. As of the financial year ended March 31, 2024, Prizor Viztech generated ₹9.45 lakh from the Government e-Marketplace (GEM).

Strategically located in Ahmedabad, the company's registered office, workshops, and warehouses facilitate efficient operations. Prizor Viztech assembles surveillance cameras using components sourced from various domestic and international suppliers. The company’s workshops are ISO 9001:2015, ISO 14001:2015, and ISO 27001:2013 certified, ensuring high standards in quality and information security. Additionally, their CCTV products and LED televisions meet the Bureau of Indian Standards and European Union RoHS directives.

Prizor Viztech provides a diverse range of security cameras and related services, including integrated access control, inventory management, object detection, facial recognition, and next-generation monitoring systems tailored to meet specific client needs.

Industry Outlook:

1. The Indian electronics system design and manufacturing (ESDM) industry is projected to reach $520 billion by 2025. The market size of electronic products is expected to increase to $400 billion by 2025 from $33 billion in FY20. This indicates significant growth opportunities for Prizor to explore new avenues for expansion in various segments.
2. The Union Budget 2023-24 allocated $2 billion to the Ministry of Electronics and Information Technology, a 40% increase from the previous year. Prizor Viztech Limited can take advantage of financial incentives and simplified processes to establish and expand manufacturing units.
3. India aims to reach $300 billion in electronics manufacturing and $120 billion in exports by 2025-26. In FY23, exports of electronic goods were recorded at $23.57 billion, a growth of 50.52% compared to FY22. By aligning with the favourable export environment, the company can expand its global footprint and increase revenue streams from international markets.

Prizor Viztech Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Setting up Display Centre and Inventory Storage for an estimated cost of ₹419.12 lakh in Ahmedabad, Gujarat.
2. Funding Working Capital Requirements for an estimated cost of ₹1,400 lakh.
3. Covering general corporate expenses for unforeseen expenses or strategic opportunities.

Peer Details

According to the RHP, the following are the listed companies in India that operate in a business similar to Prizor Viztech Limited:

1. Vintron Informatics Limited
2. D-Link India Limited
3. Dixon Technologies (India) Limited

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Contact Details of Prizor Viztech Limited IPO

• Registered office: 514, Maple Trade Centre, Nr. Surdhara Circle, Thaltej, Ahmedabad- 380054, Gujarat, India.
• Phone: +91 78618 04737
• E-mail: investors@prizor.in