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Navoday Enterprises IPO is a fixed price issue of ₹4.61 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹4.61 crore.
Navoday Enterprises IPO bidding started from Jun 14, 2021 and ended on Jun 17, 2021. The allotment for Navoday Enterprises IPO was finalized on Jun 21, 2021. The shares got listed on BSE SME on Jun 25, 2021.
Navoday Enterprises IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Navoday Enterprises IPO RHP for detailed Information.
| IPO Date | June 14, 2021 to June 17, 2021 |
| Listing Date | June 25, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,04,000 shares (aggregating up to ₹4.61 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 21,84,000 shares (aggregating up to ₹4.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,50,000 shares |
| Share Holding Post Issue | 38,54,000 shares |
Navoday Enterprises IPO offers total 23,04,000 shares. Out of which 10,92,000 (47.40%) allocated to NII, 10,92,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.21%) |
| NII (HNI) Shares Offered | 10,92,000 (47.40%) |
| Retail Shares Offered | 10,92,000 (47.40%) |
| Total Shares Offered | 23,04,000 (100.00%) |
Navoday Enterprises IPO opens on June 14, 2021, and closes on June 17, 2021.
| IPO Open Date | Mon, Jun 14, 2021 |
| IPO Close Date | Thu, Jun 17, 2021 |
| Tentative Allotment | Mon, Jun 21, 2021 |
| Initiation of Refunds | Tue, Jun 22, 2021 |
| Credit of Shares to Demat | Wed, Jun 23, 2021 |
| Tentative Listing Date | Fri, Jun 25, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 17, 2021 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Navoday Enterprises Limited operates in 3 business verticals 1. Marketing support and Advertising, 2. Management and Financial Consultancy services, and 3. Component Supply and support services to manufacturers of packaging and allied machines.
Under the marketing segment, the company primarily offers outdoor marketing services or out-of-home (OOH) advertising i.e. hoardings, billboards on roads, streets, highways, lamp post boards, kiosks, traffic booths, mobile sign trucks, etc. It offers outdoor services across Mumbai & Thane. It is further engaged in event management services wherein it manages corporate events, commercial events, cultural events, brand promotional events, etc.
Financial consultancy segment provides integrated solutions for marketing research, working capital finance, corporate finance, financial restructuring, etc. However, its component supply segment supplies critical components i.e. sealers, timing belts, barring, cutter, ms cutter, brass gear, carbide, sensors, shut collars, etc. to manufacturers.
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 1,378.57 | 513.12 | 531.14 | ||
| Total Revenue | 4,827.24 | 1,651.70 | 2,311.96 | ||
| Profit After Tax | 112.77 | 35.07 | 55.67 | ||
The Company Navoday Enterprises IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Meeting Additional Working Capital Requirements, and | 3.60 |
| 2 | General Corporate Purpose | 0.61 |
[Dilip Davda] Considering its inconsistent financial track record and the highly competitive business, this highly-priced IPO may be ignored as it will take a longer duration for migration to mainboard based on its current small paid-up equity. Promoters will have around 40% holding post issue. Read detail review...
| Listing Date | June 25, 2021 |
| BSE Script Code | 543305 |
| NSE Symbol | |
| ISIN | INE0DB001013 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.50 |
| Low | ₹18.55 |
| High | ₹19.50 |
| Last Trade | ₹18.55 |
Navoday Enterprises Ltd.
D-107, Crystal Plaza, Opposite Infinity Mall
New Link Road,
Andheri West,
Mumbai, Maharashtra, 400053
Phone: +91 22 4968 6123
Email: info@navodayenterprise.com
Website: http://www.navodayenterprise.com/
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Navoday Enterprises IPO is a SME IPO of 23,04,000 equity shares of the face value of ₹10 aggregating up to ₹4.61 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on June 14, 2021, and closes on June 17, 2021.
Satellite Corporate Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Navoday Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Navoday Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Navoday Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Navoday Enterprises IPO opens on June 14, 2021 and closes on June 17, 2021.
Navoday Enterprises IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Navoday Enterprises 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 Navoday Enterprises IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wednesday, June 23, 2021. Check the Navoday Enterprises IPO allotment status.
The Navoday Enterprises IPO listing date is on Friday, June 25, 2021.
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