Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Mon, Apr 25, 2022 - Wed, Apr 27, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Apr 25, 2022
IPO Close
Wed, Apr 27, 2022
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹8.23 Cr
| IPO Date | 25 to 27 Apr, 2022 |
| Listed on | Fri, May 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,38,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 24,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.1200 Cr) |
| Fresh Issue (Ex Market Maker) | 4,14,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 4,14,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 12,10,000 shares |
| Share Holding Post Issue | 16,46,000 shares |
| BSE Script Code | 543522 |
| ISIN | INE0E5R01017 |
Nanavati Ventures IPO comprises a total issue size of 4,36,000 shares. The net offer to the public is 4,12,000 shares, after excluding 24,000 shares allotted on a firm basis. Of the Net offer 2,06,000 (50.00%) allocated to NII 2,06,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,06,000 | 50.00% | 47.25% |
| Retail Shares Offered | 2,06,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 24,000 | 5.50% | |
| Total Shares Offered | 4,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 1.73 |
| 2 | General Corporate Purpose | 0.25 |
| KPI | |
|---|---|
| RoNW | 1.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 99.67 | |
| P/E (x) | 61.73 | |
| Promoter Holding | 71% | 52.19% |
| Market Cap | ₹8.23 Cr. |
The Nanavati Ventures IPO is subscribed 32.52 times on April 27, 2022 7:51:00 PM (Day 3). The public issue subscribed 51.17 times in the retail category, [.] times in the QIB category, and 13.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 13.86 | 2,06,000 | 28,56,000 |
| Retail | 51.17 | 2,06,000 | 1,05,42,000 |
| Total | 32.52 | 4,12,000 | 1,33,98,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission, Brokerage, Selling Commission and upload Fees, Registrar to the Issue, Legal Advisors etc. and other out of Pocket Expenses | 0.13 |
| 2 | Advertising and Marketing Expenses | 0.02 |
| 3 | Regulators Including Stock Exchanges | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹48.30 |
| High | ₹51.80 |
| Last Trade | ₹50.30 |
Lead Manager Reports
Nanavati Ventures IPO is a SME IPO of 4,38,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Apr 25, 2022, and closes on Wed, Apr 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 Mon, Apr 25, 2022 and closes on Wed, Apr 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 Thu, May 5, 2022. Check the Nanavati Ventures IPO allotment status.
The Nanavati Ventures IPO listing date is on Fri, May 6, 2022.
