Naman In-Store (India) Limited IPO Detail
Established in 2010, Naman In-Store (India) Limited is a retail furniture and fittings company providing retail solutions to various industries and retail outlets.
The company manufactures modular furniture for offices, beauty salons, kitchens with limited space, educational institutions, and shelving solutions for supermarkets.
The company also manufactures customized furniture and fixtures in wood, metal, and plastic for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), etc. The company operates according to a B2B (business-to-business) model.
Naman's manufacturing facility is located in Vasai, Maharashtra, with a built-up area of approximately 1,41,687 sq. ft. The company also has 2 warehouses in Kaman, Maharashtra, and 1 in Bengaluru.
The company provides PAN India service, as of September 30, 2023, the Company has served approximately 32 retail customers and their franchisees and 04 industrial customers.
As of September 30, 2023, the total number of employees was 491.
Company Promoters
Mr. Raju Paleja, Ms. Bhavika Paleja, Mr. Jay Shah, Mr. Mehul Naik, and Mr. Abdul Shahid Shaikh.IPO Details
| IPO Opening Date | Mar 22, 2024 |
| IPO Closing Date | Mar 27, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹84 - 89 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹25.35 Cr |
| Fresh Issue | ₹25.35 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.79x | 0.00x | 0.00x | 14.25x | 23.80x | 16.32x |
| Day 2 | 8.86x | 0.00x | 0.00x | 73.17x | 106.08x | 71.27x |
| Day 3 | 109.75x | 0.00x | 0.00x | 528.12x | 328.80x | 309.03x |
IPO Tentative Timetable
The Naman In-Store (India) Limited IPO open date is Mar 22, 2024, and the close date is Mar 27, 2024. The issue may list on Apr 02, 2024.
| IPO Open Date | Mar 22, 2024 |
| IPO Close Date | Mar 27, 2024 |
| Basis of Allotment Date | Mar 28, 2024 |
| Initiation of Refunds | Apr 01, 2024 |
| Credit of Shares to Demat Account | Apr 01, 2024 |
| IPO Listing Date | Apr 02, 2024 |
IPO Lot Size
The Naman In-Store (India) Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹142400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹142400 |
| Maximum | 1 | 1600 | ₹142400 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1693.00 | 1341.28 | 5.08 |
| 31-Mar-22 | 3074.09 | 5108.94 | 21.25 |
| 31-Mar-23 | 5598.94 | 14993.50 | 381.71 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding capital expenditure of the company to acquire land on a leasehold basis at Butibori, MIDC, and proposes to shift the company's existing manufacturing facilities.
- Construction of factory building.
- General Corporate Purposes.
Naman In-Store (India) Limited IPO Registrar:
Bigshare Services Pvt Ltd
Naman In-Store (India) Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Naman In-Store (India) Limited
E/13-14, Shree Sardar Patel CHSL,
Patel Baug, Nehru Road, Opp Adarsh petrol pump,
Vile Parle (E), Mumbai - 400057
