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Naman In-Store (India) IPO is a book built issue of Rs 25.35 crores. The issue is entirely a fresh issue of 28.48 lakh shares.
Naman In-Store (India) IPO bidding started from March 22, 2024 and ended on March 27, 2024. The allotment for Naman In-Store (India) IPO was finalized on Thursday, March 28, 2024. The shares got listed on NSE SME on April 2, 2024.
Naman In-Store (India) IPO price band is set at ₹84 to ₹89 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹142,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹284,800.
GYR Capital Advisors Private Limited is the book running lead manager of the Naman In-Store (India) IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Naman In-Store (India) IPO is Giriraj Stock Broking.
Refer to Naman In-Store (India) IPO RHP for detailed information.
| IPO Date | March 22, 2024 to March 27, 2024 |
| Listing Date | April 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹84 to ₹89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Fresh Issue | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,700,000 |
| Share holding post issue | 10,548,000 |
| Market Maker portion | 142,400 shares Giriraj Stock Broking |
Naman In-Store (India) IPO offers 2,848,000 shares. 540,800 (18.99%) to QIB, 406,400 (14.27%) to NII, 947,200 (33.26%) to RII and 811,200 (28.48%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 811,200 (28.48%) |
| Market Maker Shares Offered | 142,400 (5.00%) |
| QIB Shares Offered | 540,800 (18.99%) |
| NII (HNI) Shares Offered | 406,400 (14.27%) |
| Retail Shares Offered | 947,200 (33.26%) |
| Total Shares Offered | 2,848,000 (100%) |
Naman In-Store (India) IPO raises Rs 7.22 crore from anchor investors. Naman In-Store (India) IPO Anchor bid date is March 21, 2024. Naman In-Store (India) IPO Anchor Investors list
| Bid Date | March 21, 2024 |
| Shares Offered | 811,200 |
| Anchor Portion Size (In Cr.) | 7.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 26, 2024 |
Naman In-Store (India) IPO opens on March 22, 2024, and closes on March 27, 2024.
| IPO Open Date | Friday, March 22, 2024 |
| IPO Close Date | Wednesday, March 27, 2024 |
| Basis of Allotment | Thursday, March 28, 2024 |
| Initiation of Refunds | Monday, April 1, 2024 |
| Credit of Shares to Demat | Monday, April 1, 2024 |
| Listing Date | Tuesday, April 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| HNI (Min) | 2 | 3,200 | ₹284,800 |
| Lot Size Calculator | |||
The company's promoters are Mr. Raju Paleja, Ms. Bhavika Paleja, Mr. Jay Shah, Mr. Mehul Naik, and Mr. Abdul Shahid Shaikh.
| Share Holding Pre Issue | 100.00 |
| Share Holding Post Issue |
Established in 2010, Naman In-Store (India) Limited is a retail furniture and fittings company providing retail solutions to various industries and retail outlets.
The company manufactures modular furniture for offices, beauty salons, kitchens with limited space, educational institutions, and shelving solutions for supermarkets.
The company also manufactures customized furniture and fixtures in wood, metal, and plastic for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), etc. The company operates according to a B2B (business-to-business) model.
Naman's manufacturing facility is located in Vasai, Maharashtra, with a built-up area of approximately 1,41,687 sq. ft. The company also has 2 warehouses in Kaman, Maharashtra, and 1 in Bengaluru.
The company provides PAN India service, as of September 30, 2023, the Company has served approximately 32 retail customers and their franchisees and 04 industrial customers.
As of September 30, 2023, the total number of employees was 491.
Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,598.94 | 3,074.09 | 1,693.00 | |
| Revenue | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit After Tax | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves and Surplus | 488.94 | 53.48 | 41.64 | |
| Total Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Naman In-Store (India) IPO is Rs 93.88 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| P/BV | 1.04 |
| PAT Margin (%) | 7.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.96 | 11.73 |
| P/E (x) | 17.95 | 7.58 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The margins posted for H1 of FY24 appears to have been fabricated one to match the asking price. The sudden boost in margins from FY23 onwards raise eyebrows. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
The Naman In-Store (India) IPO is subscribed 309.03 times on March 27, 2024 7:30:24 PM. The public issue subscribed 328.80 times in the retail category, 109.75 times in the QIB category, and 528.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 109.75 |
| NII | 528.12 |
| Retail | 328.80 |
| Total | 309.03 |
Total Application : 194,647 (328.80 times)
| Listing Date | April 2, 2024 |
| BSE Script Code | |
| NSE Symbol | NAMAN |
| ISIN | INE0RJM01010 |
| Final Issue Price | ₹89 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹89.00 |
| ₹125.00 |
| ₹118.75 |
| ₹125.90 |
| ₹118.75 |
Naman In-Store (India) Limited
E/13-14, Shree Sardar Patel CHSL,
Patel Baug, Nehru Road, Opp Adarsh petrol pump,
Vile Parle (E), Mumbai - 400057
Phone: +91-8087042862
Email: compliance@nipl.co
Website: http://www.namaninstore.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Naman In-Store (India) IPO is a SME IPO of 2,848,000 equity shares of the face value of ₹10 aggregating up to ₹25.35 Crores. The issue is priced at ₹84 to ₹89 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 22, 2024, and closes on March 27, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Naman In-Store (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Naman In-Store (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Naman In-Store (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Naman In-Store (India) IPO opens on March 22, 2024 and closes on March 27, 2024.
Naman In-Store (India) IPO lot size is 1600 Shares, and the minimum amount required is ₹142,400.
You can apply in Naman In-Store (India) IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Naman In-Store (India) IPO will be done on Thursday, March 28, 2024, and the allotted shares will be credited to your demat account by Monday, April 1, 2024. Check the Naman In-Store (India) IPO allotment status.
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