Navoday Enterprises Limited IPO Detail
Incorporated in 2007, Navoday Enterprises Limited operates in 3 business verticals 1. Marketing support and Advertising, 2. Management and Financial Consultancy services, and 3. Component Supply and support services to manufacturers of packaging and allied machines.
Under the marketing segment, the company primarily offers outdoor marketing services or out-of-home (OOH) advertising i.e. hoardings, billboards on roads, streets, highways, lamp post boards, kiosks, traffic booths, mobile sign trucks, etc. It offers outdoor services across Mumbai & Thane. It is further engaged in event management services wherein it manages corporate events, commercial events, cultural events, brand promotional events, etc.
Financial consultancy segment provides integrated solutions for marketing research, working capital finance, corporate finance, financial restructuring, etc. However, its component supply segment supplies critical components i.e. sealers, timing belts, barring, cutter, ms cutter, brass gear, carbide, sensors, shut collars, etc. to manufacturers.
Competitive Strengths
- Expertise in outdoor media service offerings.
- Diversified management consultancy services.
- Large media product portfolio i.e. outdoor, print & digital media.
Company Promoters
Anand V. Mode and Synematic Media and Consulting Private Limited are the company promoters.IPO Details
IPO Opening Date | Jun 14, 2021 |
IPO Closing Date | Jun 17, 2021 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹20 per equity share |
Market Lot | 6000 Shares |
Min Order Quantity | 6000 Shares |
Listing At | BSE SME |
Issue Size | ₹4.61 Cr |
Fresh Issue | - |
Offer for Sale | - |
Retail Portion | - |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Navoday Enterprises Limited IPO open date is Jun 14, 2021, and the close date is Jun 17, 2021. The issue may list on Jun 24, 2021.
IPO Open Date | Jun 14, 2021 |
IPO Close Date | Jun 17, 2021 |
Basis of Allotment Date | Jun 21, 2021 |
Initiation of Refunds | Jun 22, 2021 |
Credit of Shares to Demat Account | Jun 23, 2021 |
IPO Listing Date | Jun 24, 2021 |
IPO Lot Size
The Navoday Enterprises Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 6000 | ₹120000 |
Maximum | 1 | 6000 | ₹120000 |
IPO Promoter Holding
Pre Issue Share Holding | 99.98% |
Post Issue Share Holding | 40.21% |
Company Financials:
For the year/period ended (₹ in Crs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 1,378.57 | 4,827.24 | 112.77 |
31-Mar-19 | 513.12 | 1,651.70 | 35.07 |
31-Mar-18 | 531.14 | 2,311.96 | 55.67 |
Objects of the Issue:
The net IPO proceeds will be used for the following objectives;
- Meeting company's working capital requirements.
- General Corporate purposes.