Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
NovaVente Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on April 24, 2025.
NovaVente Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Khambatta Securities Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| 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 |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Mar 6, 2025 |
| Offer document withdrawn | Thu, Apr 24, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Incorporated on April 25, 2016, NovaVente Limited specializes in business development, driving revenue growth and generating new business opportunities.
NovaVente Private Limited operates primarily in the business development and sales sector, catering to European clients with a strong focus on revenue growth and lead generation.
The company specializes in outbound sales, cold calling, and client acquisition, ensuring a steady pipeline of business opportunities for its partners.
The company's services include the following:-
NovaVente works with businesses across various industries, including:
By February 28, 2025, the company had 38 team members assisting global firms, including Fortune 500 and 1000, in IT, software, engineering, and technology.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 9.99 | 5.37 | 3.22 | 2.03 |
| Total Income | 6.59 | 6.47 | 4.16 | 3.28 |
| Profit After Tax | 1.94 | 1.98 | 0.86 | 0.54 |
| NET Worth | 6.04 | 4.10 | 2.12 | 1.26 |
| Reserves and Surplus | 6.03 | 4.09 | 2.11 | 1.25 |
| Total Borrowing | 0.00 | 0.00 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements. | 6.00 |
| 2 | Investment in software; For Acquiring of the usage right of “Sales Mind” platform from Thought Minds for providing services to end users. | 2.50 |
| 3 | Expansion of business - for development of “The Sales School” as an online Technology Sales Training & Career Program platform. | 3.64 |
| 4 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 48.36% |
| ROCE | 65.43% |
| RoNW | 48.36% |
| PAT Margin | 31.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% |
Lead Manager Reports
NovaVente IPO is a SME IPO of 0 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 NovaVente IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in NovaVente IPO using UPI as a payment gateway. Zerodha customers can apply in NovaVente IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NovaVente IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NovaVente IPO dates are not announced. Please check back again after some time.
NovaVente IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in NovaVente 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 NovaVente IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the NovaVente IPO allotment status.
The NovaVente IPO listing date is not yet announced. The tentative date of listing is .
