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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 ₹165.00 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). The minimum lot size investment for 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 Date | February 24, 2021 to March 1, 2021 |
| Listing Date | March 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹165 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹29.70 Cr) |
| Reserved for Market Maker | 96,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹1.58 Cr) |
| Fresh Issue (Ex Market Maker) | 8,06,400 shares (aggregating up to ₹13.31 Cr) |
| Offer for Sale | 8,97,600 shares of ₹10 (aggregating up to ₹14.81 Cr) |
| Net Offered to Public | 17,04,000 shares (aggregating up to ₹28.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,88,000 shares |
| Share Holding Post Issue | 60,90,400 shares |
Pavna Industries IPO offers total 18,00,000 shares. Out of which 8,52,000 (47.33%) allocated to NII, 8,52,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.33%) |
| NII (HNI) Shares Offered | 8,52,000 (47.33%) |
| Retail Shares Offered | 8,52,000 (47.33%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Pavna Industries IPO opens on February 24, 2021, and closes on March 1, 2021.
| IPO Open Date | Wed, Feb 24, 2021 |
| IPO Close Date | Mon, Mar 1, 2021 |
| Tentative Allotment | Thu, Mar 4, 2021 |
| Initiation of Refunds | Fri, Mar 5, 2021 |
| Credit of Shares to Demat | Mon, Mar 8, 2021 |
| Tentative Listing Date | Tue, Mar 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 1, 2021 |
Investors can bid for a minimum of 800 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 | 800 | ₹1,32,000 |
| Retail (Max) | 1 | 800 | ₹1,32,000 |
| HNI (Min) | 2 | 1,600 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | ||||
| Total Assets | 14,807.17 | 12,035.61 | |||
| Total Revenue | 6,808 | 17,982.84 | |||
| Profit After Tax | 82.80 | 633.74 | |||
The Company Pavna Industries 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 | Part Repayment of Loans | 13.00 |
| 2 | General Corporate Purpose | 1.62 |
[Dilip Davda] It has suffered a severe setback for the first half amidst lockdown due to corona pandemic all group companies are involved in the similar trades hence accounting adjustments poses a major concern. Outlook for the auto ancillaries appears bright based on the market reports. But based on current working, the asking price is very high. Longer IPO subscription period also raises eyebrows. Hence risk savvy-cash surplus investors may consider investment at their own risks. Read detail review...
| Listing Date | March 9, 2021 |
| BSE Script Code | |
| NSE Symbol | PAVNAIND |
| ISIN | INE07S101020 |
| Final Issue Price | ₹165 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹165.00 |
| Open | ₹165.60 |
| Low | ₹165.05 |
| High | ₹166.50 |
| Last Trade | ₹165.50 |
Pavna Industries Ltd.
Vimlanchal,
Hari Nagar
Aligarh, Uttar Pradesh, 202001
Phone: +91 8006409332
Email: info@pavnagroup.com
Website: http://www.pavanagroup.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pavna.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pavna Industries IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹29.70 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800.
The IPO opens on February 24, 2021, and closes on March 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 February 24, 2021 and closes on March 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 Monday, March 8, 2021. Check the Pavna Industries IPO allotment status.
The Pavna Industries IPO listing date is on Tuesday, March 9, 2021.
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