Fixed Price IPO | ₹30 Cr | Listed at NSE SME | Wed, Feb 24, 2021 - Mon, Mar 1, 2021
Pavna Industries IPO is a fixed price issue of ₹29.70 crores. The issue is a combination of fresh issue of 0.09 crore shares aggregating to ₹14.89 crores and offer for sale of 0.09 crore shares aggregating to ₹14.81 crores.
Pavna Industries IPO bidding started from Feb 24, 2021 and ended on Mar 1, 2021. The allotment for Pavna Industries IPO was finalized on Mar 4, 2021. The shares got listed on NSE SME on Mar 9, 2021.
Pavna Industries IPO price is ₹165 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Pavna Industries IPO RHP for detailed Information.
IPO Open
Wed, Feb 24, 2021
IPO Close
Mon, Mar 1, 2021
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹100.49 Cr
| IPO Date | 24 Feb to 1 Mar, 2021 |
| Listed on | Tue, Mar 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹165 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 96,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 8,06,400 shares (agg. up to ₹13 Cr) |
| Offer for Sale | 8,97,600 shares of ₹10 (agg. up to ₹15 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 51,88,000 shares |
| Share Holding Post Issue | 60,90,400 shares |
| NSE Symbol | PAVNAIND |
| ISIN | INE07S101020 |
Pavna Industries IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,04,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,52,000 (50.00%) allocated to NII 8,52,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Retail Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.33% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,32,000 |
| Retail (Max) | 1 | 800 | ₹1,32,000 |
| HNI (Min) | 2 | 1,600 | ₹2,64,000 |
Incorporated in 1994, Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions. The company manufactures a wide range of automotive components for Original Equipment Manufacturers (OEM) to cater to the requirements of passenger vehicles, 2-wheelers, 3-wheelers, heavy and light commercial vehicles, and off-road vehicles.
The company has a well-diversified portfolio including ignition switches, Latches, Fuel Tank Caps, Auto Locks, Handles, Switches, Carburetor, Oil Pump, Throttle Body, Casting Components, etc and aftermarket products i.e. filters, bearings, wiper blades, clutch plates, and brake shoes. It has three manufacturing plants located in Aligarh (UP), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). The units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016 certified to deliver the highest-quality automotive components.
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 | Part Repayment of Loans | 13.00 |
| 2 | General Corporate Purpose | 1.62 |
The Pavna Industries IPO is subscribed 1.44 times on March 1, 2021 12:00:00 AM (Day 4). The public issue subscribed 1.07 times in the retail category, [.] times in the QIB category, and 1.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII* | 1.80 | 8,52,000 | 15,36,000 | |
| Retail | 1.07 | 8,52,000 | 9,11,200 | |
| Total | 1.44 | 17,04,000 | 24,47,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.34 |
| 2 | Brokerage and selling commission | 0.07 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹165.00 |
| Open | ₹165.60 |
| Low | ₹165.05 |
| High | ₹166.50 |
| Last Trade | ₹165.50 |
Lead Manager Reports
Pavna Industries IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800.
The IPO opens on Wed, Feb 24, 2021, and closes on Mon, Mar 1, 2021.
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 Pavna Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Pavna Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pavna Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pavna Industries IPO opens on Wed, Feb 24, 2021 and closes on Mon, Mar 1, 2021.
Pavna Industries IPO lot size is 800, and the minimum amount required for application is ₹1,32,000.
You can apply in Pavna Industries 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 Pavna Industries IPO will be done on Thursday, March 4, 2021, and the allotted shares will be credited to your demat account by Mon, Mar 8, 2021. Check the Pavna Industries IPO allotment status.
The Pavna Industries IPO listing date is on Tue, Mar 9, 2021.
