Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹89.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,34,400 (1600 shares). The minimum lot size investment for 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 Date | March 22, 2024 to March 27, 2024 |
| Listing Date | April 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹84 to ₹89 per share |
| Issue Price Final | ₹89 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,48,000 shares (aggregating up to ₹25.35 Cr) |
| Reserved for Market Maker | 1,42,400 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.27 Cr) |
| Net Offered to Public | 27,05,600 shares (aggregating up to ₹24.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 77,00,000 shares |
| Share Holding Post Issue | 1,05,48,000 shares |
Naman In-Store (India) IPO offers total 28,48,000 shares. Out of which 13,52,000 (47.47%) allocated to QIB, 5,40,800 (18.99%) allocated to QIB, 4,06,400 (14.27%) allocated to NII, 9,47,200 (33.26%) allocated to RII and 8,11,200 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,42,400 (5.00%) |
| QIB Shares Offered | 13,52,000 (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 (14.27%) |
| Retail Shares Offered | 9,47,200 (33.26%) |
| Total Shares Offered | 28,48,000 (100.00%) |
Naman In-Store IPO raises ₹7.22 crore from anchor investors. Naman In-Store IPO Anchor bid date is March 21, 2024. Naman In-Store IPO Anchor Investors list
| Bid Date | March 21, 2024 |
| Shares Offered | 8,11,200 |
| Anchor Portion Size (In Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 26, 2024 |
Naman In-Store IPO opens on March 22, 2024, and closes on March 27, 2024.
| IPO Open Date | Fri, Mar 22, 2024 |
| IPO Close Date | Wed, Mar 27, 2024 |
| Tentative Allotment | Thu, Mar 28, 2024 |
| Initiation of Refunds | Mon, Apr 1, 2024 |
| Credit of Shares to Demat | Mon, Apr 1, 2024 |
| Tentative Listing Date | Tue, Apr 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 27, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,598.94 | 3,074.09 | 1,693.00 | |
| Total Income | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit After Tax | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves and Surplus | 488.94 | 53.48 | 41.64 | |
| Total Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Naman In-Store IPO is ₹93.88 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| PAT Margin | 7.81% |
| Price to Book Value | 1.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.96 | 11.73 |
| P/E (x) | 17.95 | 7.58 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The margins posted for H1 of FY24 appears to have been fabricated one to match the asking price. The sudden boost in margins from FY23 onwards raise eyebrows. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | April 2, 2024 |
| BSE Script Code | |
| NSE Symbol | NAMAN |
| ISIN | INE0RJM01010 |
| Final Issue Price | ₹89 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹89.00 |
| Open | ₹125.00 |
| Low | ₹118.75 |
| High | ₹125.90 |
| Last Trade | ₹118.75 |
Naman In-Store (India) Ltd.
E/13-14, Shree Sardar Patel CHSL,
Patel Baug, Nehru Road, Opp Adarsh petrol pump,
Vile Parle (E), Mumbai - 400057
Mumbai, Maharashtra
Phone: +91-8087042862
Email: compliance@nipl.co
Website: http://www.namaninstore.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Naman In-Store IPO is a SME IPO of 28,48,000 equity shares of the face value of ₹10 aggregating up to ₹25.35 Crores. The issue is priced at ₹89 per share. The minimum order quantity is 1600.
The IPO opens on March 22, 2024, and closes on March 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 March 22, 2024 and closes on March 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 Monday, April 1, 2024. Check the Naman In-Store IPO allotment status.
The Naman In-Store IPO listing date is on Tuesday, April 2, 2024.
Useful Articles
RHP