Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Navjeet India Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on September 30, 2025 to raise funds through Initial Public Offer (IPO).
Navjeet India Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.40 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Cumulative Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Navjeet India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 40,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,02,85,784 shares |
| Share Holding Post Issue | 1,42,85,784 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2016, Navjeet India Limited is engaged in the designing, branding, sourcing, and retailing of kidswear in India under the brand name “Mumkins.”
The company offers an extensive range of apparel and accessories for children aged newborn to 15 years, catering to both boys and girls across multiple age segments—infants and toddlers (0–3 years), young children (4–8 years), and pre-teens to early teens (9–15 years).
Its product portfolio includes frocks, dresses, tops, shirts, t-shirts, pants, shorts, lehengas, sherwanis, footwear, and accessories such as jewellery, designed for a variety of occasions ranging from daily wear to festive and special events like weddings and birthdays.
Navjeet India Limited operates through 47 exclusive brand stores across 24 cities in India, spanning tier 1 to tier 3 locations.
All outlets function under the “Mumkins” brand on a leased basis, ensuring consistent brand experience and retail control.
The company follows a mix of four business models — COCO (Company Owned, Company Operated), COFO (Company Owned, Franchise Operated), FOFO (Franchise Owned, Franchise Operated), and FOCO (Franchise Owned, Company Operated).
In addition to its strong offline presence, the company maintains a Direct-to-Consumer (D2C) focus through key account partnerships, distributors, and online sales via marketplaces and its own e-commerce platform.
As of August 31, 2025, the company employed approximately 165 individuals across various roles and departments.
Navjeet India Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 208% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 39.81 | 30.42 | 35.77 |
| Total Income | 45.89 | 42.07 | 40.14 |
| Profit After Tax | 1.84 | 0.60 | 0.57 |
| NET Worth | 10.84 | 9.00 | 8.40 |
| Reserves and Surplus | 3.98 | 2.14 | 1.55 |
| Total Borrowing | 10.05 | 8.19 | 7.94 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure for opening of new EBOs; and | |
| 2 | General Corporate Purpose. |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 17.17% |
| Debt/Equity | 0.93 |
| RoNW | 18.52% |
| PAT Margin | 4.00% |
| EBITDA Margin | 9.22% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.79 | 1.29 |
| Promoter Holding | 100% |
Lead Manager Reports
Navjeet India IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Navjeet India IPO open and close dates are not available as of now.
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 Navjeet India IPO using UPI as a payment gateway. Zerodha customers can apply in Navjeet India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Navjeet India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Navjeet India IPO dates are not announced. Please check back again after some time.
Navjeet India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Navjeet India 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 Navjeet India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Navjeet India IPO allotment status.
The Navjeet India IPO listing date is not yet announced. The tentative date of listing is .
