Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹45.00 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). The minimum lot size investment for 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 Date | June 19, 2019 to June 21, 2019 |
| Listing Date | July 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,10,000 shares (aggregating up to ₹3.65 Cr) |
| Reserved for Market Maker | 42,000 shares Sernet Financial Services Pvt.Ltd. (aggregating up to ₹0.1890 Cr) |
| Net Offered to Public | 7,68,000 shares (aggregating up to ₹3.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 22,00,000 shares |
| Share Holding Post Issue | 30,10,000 shares |
Parshva Enterprises IPO offers total 8,10,000 shares. Out of which 3,84,000 (47.41%) allocated to NII, 3,84,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (5.19%) |
| NII (HNI) Shares Offered | 3,84,000 (47.41%) |
| Retail Shares Offered | 3,84,000 (47.41%) |
| Total Shares Offered | 8,10,000 (100.00%) |
Parshva Enterprises IPO opens on June 19, 2019, and closes on June 21, 2019.
| IPO Open Date | Wed, Jun 19, 2019 |
| IPO Close Date | Fri, Jun 21, 2019 |
| Tentative Allotment | Thu, Jun 27, 2019 |
| Initiation of Refunds | Fri, Jun 28, 2019 |
| Credit of Shares to Demat | Fri, Jun 28, 2019 |
| Tentative Listing Date | Mon, Jul 1, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 21, 2019 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 357.93 | 205.41 | |
| Total Revenue | 709.22 | 476.29 | |
| Profit After Tax | 30.04 | 3.88 | |
The Company Parshva 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 | 3.45 |
[Dilip Davda] <p>PEL has just 21 months working records. The issue is priced very aggressively. Merchant Banker has an average track record. PEL operates in a highly competitive segment. Its current issue size may take a longer time for migration to the main board. Considering all these aspects, investors may skip this issue.</p> Read detail review...
| Listing Date | July 1, 2019 |
| BSE Script Code | 542694 |
| NSE Symbol | |
| ISIN | INE05MV01019 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.85 |
| Low | ₹45.30 |
| High | ₹48.10 |
| Last Trade | ₹46.00 |
Parshva Enterprises Ltd.
811, A Wing, Jaswanti Allied Business Centre,
Ramchandra Lane Extn.,
Malad West,
Mumbai, Maharashtra, 400064
Phone: +91 22 4972 9700
Email: info@parshvaenterprises.co.in
Website: http://parshvaenterprises.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Parshva Enterprises IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹3.65 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on June 19, 2019, and closes on June 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 June 19, 2019 and closes on June 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 Friday, June 28, 2019. Check the Parshva Enterprises IPO allotment status.
The Parshva Enterprises IPO listing date is on Monday, July 1, 2019.
Useful Articles
RHP