Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Nanavati Ventures IPO is a fixed price issue of ₹2.19 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹2.19 crore.
Nanavati Ventures IPO bidding started from Apr 25, 2022 and ended on Apr 27, 2022. The allotment for Nanavati Ventures IPO was finalized on May 2, 2022. The shares got listed on BSE SME on May 6, 2022.
Nanavati Ventures IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Nanavati Ventures IPO RHP for detailed Information.
| IPO Date | April 25, 2022 to April 27, 2022 |
| Listing Date | May 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,38,000 shares (aggregating up to ₹2.19 Cr) |
| Reserved for Market Maker | 24,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.1200 Cr) |
| Net Offered to Public | 4,14,000 shares (aggregating up to ₹2.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 12,10,000 shares |
| Share Holding Post Issue | 16,46,000 shares |
Nanavati Ventures IPO offers total 4,36,000 shares. Out of which 2,06,000 (47.25%) allocated to NII, 2,06,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 24,000 (5.50%) |
| NII (HNI) Shares Offered | 2,06,000 (47.25%) |
| Retail Shares Offered | 2,06,000 (47.25%) |
| Total Shares Offered | 4,36,000 (100.00%) |
Nanavati Ventures IPO opens on April 25, 2022, and closes on April 27, 2022.
| IPO Open Date | Mon, Apr 25, 2022 |
| IPO Close Date | Wed, Apr 27, 2022 |
| Tentative Allotment | Mon, May 2, 2022 |
| Initiation of Refunds | Wed, May 4, 2022 |
| Credit of Shares to Demat | Thu, May 5, 2022 |
| Tentative Listing Date | Fri, May 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 27, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company's products are sold and distributed through independent sales and distribution networks.
Competitive Strengths.
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 1417.95 | 663.55 | 286.88 | 186.62 | |
| Total Revenue | 1049.52 | 1131.70 | 595.10 | 55.51 | |
| Profit After Tax | 9.98 | 11.97 | 5.39 | 0.03 | |
The market capitalization of Nanavati Ventures IPO is ₹8.23 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 61.73 |
The Objects of the Issue are:
[Dilip Davda] NVL is operating in a highly competitive and fragmented segment of diamond trading. Its financial data is not matching the asking price. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors should stay away from this pricy issue. Read detail review...
| Listing Date | May 6, 2022 |
| BSE Script Code | 543522 |
| NSE Symbol | |
| ISIN | INE0E5R01017 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹48.30 |
| High | ₹51.80 |
| Last Trade | ₹50.30 |
Nanavati Ventures Ltd.
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore,
Navsari, Gujarat, 396445
Phone: +91 9316691337
Email: info@nventures.co.in
Website: http://www.nventures.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Nanavati Ventures IPO is a SME IPO of 4,38,000 equity shares of the face value of ₹10 aggregating up to ₹2.19 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on April 25, 2022, and closes on April 27, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Nanavati Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Nanavati Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nanavati Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nanavati Ventures IPO opens on April 25, 2022 and closes on April 27, 2022.
Nanavati Ventures IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Nanavati Ventures 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 Nanavati Ventures IPO will be done on Monday, May 2, 2022, and the allotted shares will be credited to your demat account by Thursday, May 5, 2022. Check the Nanavati Ventures IPO allotment status.
The Nanavati Ventures IPO listing date is on Friday, May 6, 2022.
Useful Articles
RHP