Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Wed, Jun 19, 2019 - Fri, Jun 21, 2019
Parshva Enterprises IPO is a fixed price issue of ₹3.65 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹3.65 crore.
Parshva Enterprises IPO bidding started from Jun 19, 2019 and ended on Jun 21, 2019. The allotment for Parshva Enterprises IPO was finalized on Jun 27, 2019. The shares got listed on BSE SME on Jul 1, 2019.
Parshva Enterprises IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sernet Financial Services Pvt.Ltd..
Refer to Parshva Enterprises IPO RHP for detailed Information.
IPO Open
Wed, Jun 19, 2019
IPO Close
Fri, Jun 21, 2019
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹13.55 Cr
| IPO Date | 19 to 21 Jun, 2019 |
| Listed on | Mon, Jul 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,10,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 42,000 shares Sernet Financial Services Pvt.Ltd. (agg. up to ₹0.1890 Cr) |
| Fresh Issue (Ex Market Maker) | 7,68,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 7,68,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 22,00,000 shares |
| Share Holding Post Issue | 30,10,000 shares |
| BSE Script Code | 542694 |
| ISIN | INE05MV01019 |
Parshva Enterprises IPO comprises a total issue size of 8,10,000 shares. The net offer to the public is 7,68,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,84,000 (50.00%) allocated to NII 3,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Retail Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 5.19% | |
| Total Shares Offered | 8,10,000 | 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 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewellery. They buy and sell diamonds of different categories depending on fancy colour, size, shape and cut (princess-cut, heart-cut, etc.).
The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only.
In gold jewellery, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls.
Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties.
The competitive strengths of the company are:
1. Multiple product range
2. Good quality products
3. Market-specific products
| 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 | 3.45 |
The Parshva Enterprises IPO is subscribed 1.2 times on June 21, 2019 6:49:02 PM (Day 3). The public issue subscribed 0.74 times in the retail category, [.] times in the QIB category, and 1.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.65 | 3,84,000 | 6,33,000 |
| Retail | 0.74 | 3,84,000 | 2,85,000 |
| Total | 1.2 | 7,68,000 | 9,18,000 |
| # | 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. | 0.15 |
| 2 | Advertising and marketing expenses | 0.02 |
| 3 | Printing and stationery expenses, distribution and postage | 0.02 |
| 4 | Regulatory and other expenses including Listing Fee | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.85 |
| Low | ₹45.30 |
| High | ₹48.10 |
| Last Trade | ₹46.00 |
Lead Manager Reports
Parshva Enterprises IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jun 19, 2019, and closes on Fri, Jun 21, 2019.
Bigshare 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 Parshva Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Parshva Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Parshva Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Parshva Enterprises IPO opens on Wed, Jun 19, 2019 and closes on Fri, Jun 21, 2019.
Parshva Enterprises IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Parshva 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 Parshva Enterprises IPO will be done on Thursday, June 27, 2019, and the allotted shares will be credited to your demat account by Fri, Jun 28, 2019. Check the Parshva Enterprises IPO allotment status.
The Parshva Enterprises IPO listing date is on Mon, Jul 1, 2019.
