Amanaya Ventures Limited IPO Detail
Incorporated in 2009, Amanaya Ventures Limited was formed with the objective of promoting SPOT buying and selling of Gold across India. They are bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver.
The company offers wholesale delivery of bullion to domestic users like ornament manufacturers, goldsmiths, jewelers, and semi-wholesalers as well as individual customs. The Company is a member of "The Indian Bullion and Jewellers Association Ltd" and "The Federation of Indian Export Organisations".
The company also offers the Aurel Gold Purchase Plan for retail customers in order to enable them to purchase physical gold in smaller quantities. The motive of the company is to provide a transparent, convenient, and cost-effective manner for purchasing gold.
Amanaya Ventures Limited has developed its own brand under the name "Aurel Bullion". The brand provides advantage to the customers for relying on the quality of
the product. All of the gold jewellery offered is hallmarked by BIS except gold jewellery weighing less than two grams which is not required to be hallmarked.
Company Promoters
MR. Manan Mahajan is the Promoter of the Company.IPO Details
| IPO Opening Date | Feb 24, 2023 |
| IPO Closing Date | Feb 28, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹23 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.76 Cr |
| Fresh Issue | 1,200,000 shares of ₹10 (aggregating up to ₹2.76 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.11x | 0.24x | 0.17x | |
| Day 2 | - | - | 0.26x | 1.15x | 0.71x | |
| Day 3 | - | - | 0.77x | 2.73x | 1.75x |
IPO Tentative Timetable
The Amanaya Ventures Limited IPO open date is Feb 24, 2023, and the close date is Feb 28, 2023. The issue may list on Mar 09, 2023.
| IPO Open Date | Feb 24, 2023 |
| IPO Close Date | Feb 28, 2023 |
| Basis of Allotment Date | Mar 03, 2023 |
| Initiation of Refunds | Mar 06, 2023 |
| Credit of Shares to Demat Account | Mar 08, 2023 |
| IPO Listing Date | Mar 09, 2023 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 187.05 | 620.16 | 1.12 |
| 31-Mar-22 | 203.62 | 1325.16 | 7.63 |
| 31-Aug-22 | 256.79 | 473.00 | 3.92 |
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
- To meet the Working Capital requirements; and
- General Corporate Expenses.
Amanaya Ventures Limited IPO Registrar:
Beetal Financial & Computer Services (P) Limited
Amanaya Ventures Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Amanaya Ventures Limited
69-70, First Floor, Deep Complex, Court Road, Amritsar
Punjab
Punjab
