Bookbuilding IPO | ₹25 Cr | Listed at NSE SME | Fri, Mar 22, 2024 - Wed, Mar 27, 2024
Naman In-Store IPO is a book build issue of ₹25.35 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹25.35 crore.
Naman In-Store IPO bidding started from Mar 22, 2024 and ended on Mar 27, 2024. The allotment for Naman In-Store IPO was finalized on Mar 28, 2024. The shares got listed on NSE SME on Apr 2, 2024.
Naman In-Store IPO price band is set at ₹89 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,42,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,84,800.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Naman In-Store IPO RHP for detailed Information.
IPO Open
Fri, Mar 22, 2024
IPO Close
Wed, Mar 27, 2024
Issue Price
₹89 per share
Market Cap (Pre-IPO)
₹93.88 Cr
| IPO Date | 22 to 27 Mar, 2024 |
| Listed on | Tue, Apr 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹84 to ₹89 |
| Issue Price | ₹89 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,48,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,42,400 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,05,600 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 27,05,600 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 77,00,000 shares |
| Share Holding Post Issue | 1,05,48,000 shares |
| NSE Symbol | NAMAN |
| ISIN | INE0RJM01010 |
Naman In-Store IPO comprises a total issue size of 28,48,000 shares. The net offer to the public is 27,05,600 shares, after excluding 1,42,400 shares allotted on a firm basis. Of the Net offer 13,52,000 (49.97%) are allocated to QIB, 4,06,400 (15.02%) allocated to NII 9,47,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,52,000 | 49.97% | 47.47% |
| − Anchor Investor Shares Offered | 8,11,200 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 5,40,800 | 18.99% | |
| NII (HNI) Shares Offered | 4,06,400 | 15.02% | 14.27% |
| Retail Shares Offered | 9,47,200 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,42,400 | 5.00% | |
| Total Shares Offered | 28,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,42,400 |
| Retail (Max) | 1 | 1,600 | ₹1,42,400 |
| HNI (Min) | 2 | 3,200 | ₹2,84,800 |
Naman In-Store IPO raises ₹7.22 crore from anchor investors. Naman In-Store IPO Anchor bid date is March 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Mar 21, 2024 |
| Shares Offered | 8,11,200 |
| Anchor Portion (₹ Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Apr 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 26, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.99 | 30.74 | 16.93 | |
| Total Income | 79.30 | 149.94 | 51.09 | 13.41 |
| Profit After Tax | 6.19 | 3.82 | 0.21 | 0.05 |
| NET Worth | 12.03 | 5.85 | 2.03 | 1.32 |
| Reserves and Surplus | 4.89 | 0.53 | 0.42 | |
| Total Borrowing | 31.66 | 29.44 | 18.84 | 10.24 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of our company to acquire land on leasehold basis at Butibori, MIDC and proposes to shift the existing manufacturing facilities of the company | 4.67 |
| 2 | Construction of factory building | 12.18 |
| 3 | General Corporate Purposes | 6.00 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| PAT Margin | 7.81% |
| Price to Book Value | 1.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.96 | 11.73 |
| P/E (x) | 17.95 | 7.58 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹93.88 Cr. |
The Naman In-Store (India) IPO is subscribed 309.03 times on March 27, 2024 7:30:24 PM (Day 3). The public issue subscribed 328.8 times in the retail category, 109.75 times in the QIB category, and 528.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 109.75 | 5,40,800 | 5,93,55,200 |
| NII* | 528.12 | 4,06,400 | 21,46,27,200 |
| Retail | 328.8 | 9,47,200 | 31,14,35,200 |
| Total | 309.03 | 18,94,400 | 58,54,17,600 |
Total Application : 1,94,647
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Counsel, Registrars and other out of pocket expenses | 1.77 |
| 2 | Advertising and Marketing Expenses | 0.42 |
| 3 | Fees payable to the stock exchange(s) | 0.05 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 5 | Brokerage and Selling Commission | 0.01 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.23 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹89.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹125.90 |
| Last Trade | ₹118.75 |
Lead Manager Reports
Naman In-Store IPO is a SME IPO of 28,48,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹89 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Mar 22, 2024, and closes on Wed, Mar 27, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Naman In-Store IPO using UPI as a payment gateway. Zerodha customers can apply in Naman In-Store IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Naman In-Store IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Naman In-Store IPO opens on Fri, Mar 22, 2024 and closes on Wed, Mar 27, 2024.
Naman In-Store IPO lot size is 1600, and the minimum amount required for application is ₹1,42,400.
You can apply in Naman In-Store IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Naman In-Store IPO will be done on Thursday, March 28, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 1, 2024. Check the Naman In-Store IPO allotment status.
The Naman In-Store IPO listing date is on Tue, Apr 2, 2024.
