Nanavati Ventures Limited IPO Detail
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company's products are sold and distributed through independent sales and distribution networks.
Competitive Strengths.
- The established brand.
- Management and Employee expertise.
- Understand Customer Needs.
- Existing distribution and sales networks in the domestic market and our geographical benefit.
- Quality products.
Company Promoters
Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati are the company promoters.IPO Details
| IPO Opening Date | Apr 25, 2022 |
| IPO Closing Date | Apr 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.18 Cr |
| Fresh Issue | ₹2.18 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.06x | 11.58x | 5.82x | |
| Day 2 | - | - | 0.45x | 27.15x | 13.80x | |
| Day 3 | - | - | 13.86x | 51.17x | 32.52x |
IPO Tentative Timetable
The Nanavati Ventures Limited IPO open date is Apr 25, 2022, and the close date is Apr 27, 2022. The issue may list on May 06, 2022.
| IPO Open Date | Apr 25, 2022 |
| IPO Close Date | Apr 27, 2022 |
| Basis of Allotment Date | May 02, 2022 |
| Initiation of Refunds | May 04, 2022 |
| Credit of Shares to Demat Account | May 05, 2022 |
| IPO Listing Date | May 06, 2022 |
IPO Lot Size
The Nanavati Ventures Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 71% |
| Post Issue Share Holding | 52.19% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-21 | 1417.95 | 1049.52 | 9.98 |
| 31-Mar-21 | 663.55 | 1131.70 | 11.97 |
| 31-Mar-20 | 286.88 | 595.10 | 5.39 |
| 31-Mar-19 | 186.62 | 55.51 | 0.03 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purpose.
Nanavati Ventures Limited IPO Registrar:
KFin Technologies Limited
Nanavati Ventures Limited IPO Lead Manager(s):
First Overseas Capital Limited (Past IPO Performance)
Company Contact Information:
Nanavati Ventures Limited
S-414, OM Plaza, Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Jalalpore
Navsari
