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Navoday Enterprises Limited IPO Detail

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 DateJun 14, 2021
IPO Closing DateJun 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE 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 DateJun 14, 2021
IPO Close DateJun 17, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120000
Maximum16000₹120000

IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding40.21%

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.