Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Mon, Jun 14, 2021 - Thu, Jun 17, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 14, 2021
IPO Close
Thu, Jun 17, 2021
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹7.71 Cr
| IPO Date | 14 to 17 Jun, 2021 |
| Listed on | Fri, Jun 25, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,04,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,20,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 21,84,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 21,84,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 15,50,000 shares |
| Share Holding Post Issue | 38,54,000 shares |
| BSE Script Code | 543305 |
| ISIN | INE0DB001013 |
Navoday Enterprises IPO comprises a total issue size of 23,04,000 shares. The net offer to the public is 21,84,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,92,000 (50.00%) allocated to NII 10,92,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,92,000 | 50.00% | 47.40% |
| Retail Shares Offered | 10,92,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.21% | |
| Total Shares Offered | 23,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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
| 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 | Meeting Additional Working Capital Requirements, and | 3.60 |
| 2 | General Corporate Purpose | 0.61 |
The Navoday Enterprises IPO is subscribed 2.36 times on June 17, 2021 6:50:00 AM (Day 4). The public issue subscribed 4.44 times in the retail category, [.] times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.29 | 10,92,000 | 3,12,000 |
| Retail | 4.44 | 10,92,000 | 48,48,000 |
| Total | 2.36 | 21,84,000 | 51,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses | 0.30 |
| 2 | Advertising and marketing expenses | 0.02 |
| 3 | Printing and stationery expenses, distribution and postage | 0.03 |
| 4 | Regulatory and other expenses including Listing Fee | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.50 |
| Low | ₹18.55 |
| High | ₹19.50 |
| Last Trade | ₹18.55 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Navoday Enterprises IPO is a SME IPO of 23,04,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Jun 14, 2021, and closes on Thu, Jun 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 Mon, Jun 14, 2021 and closes on Thu, Jun 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 Wed, Jun 23, 2021. Check the Navoday Enterprises IPO allotment status.
The Navoday Enterprises IPO listing date is on Fri, Jun 25, 2021.
