Pavna Industries Limited IPO Detail
Incorporated in 1994, Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions. The company manufactures a wide range of automotive components for Original Equipment Manufacturers (OEM) to cater to the requirements of passenger vehicles, 2-wheelers, 3-wheelers, heavy and light commercial vehicles, and off-road vehicles.
The company has a well-diversified portfolio including ignition switches, Latches, Fuel Tank Caps, Auto Locks, Handles, Switches, Carburetor, Oil Pump, Throttle Body, Casting Components, etc and aftermarket products i.e. filters, bearings, wiper blades, clutch plates, and brake shoes. It has three manufacturing plants located in Aligarh (UP), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). The units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016 certified to deliver the highest-quality automotive components.
Competitive Strengths
- Experienced promoters and managerial team.
- Well-established manufacturing capacity.
- Diversified product portfolio.
- Strong financial performance track-record.
- In-house design capability, product development, and technical collaborations.
Company Promoters
Mr. Swapnil jain and Mrs. Asha Jaina are the company promoters.IPO Details
| IPO Opening Date | Feb 24, 2021 |
| IPO Closing Date | Mar 01, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹165 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE Emerge |
| Issue Size | ₹29.70 Cr |
| Fresh Issue | 902,400 Eq Shares of ₹10 (aggregating up to ₹14.89 Cr) |
| Offer for Sale | ₹888.72 Cr |
| Retail Portion | - |
IPO Tentative Timetable
The Pavna Industries Limited IPO open date is Feb 24, 2021, and the close date is Mar 01, 2021. The issue may list on Mar 09, 2021.
| IPO Open Date | Feb 24, 2021 |
| IPO Close Date | Mar 01, 2021 |
| Basis of Allotment Date | Mar 04, 2021 |
| Initiation of Refunds | Mar 05, 2021 |
| Credit of Shares to Demat Account | Mar 08, 2021 |
| IPO Listing Date | Mar 09, 2021 |
IPO Lot Size
The Pavna Industries Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹132000 |
| Maximum | 1 | 800 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 70.45% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 14,807.17 | 6,808 | 82.80 |
| 31-Mar-20 | 12,035.61 | 17,982.84 | 633.74 |
Objects of the Issue:
The IPO aims to raise money for the following purposes;
- To make partial repayment of loans.
- To meet general corporate purposes.
