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Nanavati Ventures IPO is a fixed price issue of Rs 2.18 crores. The issue is entirely a fresh issue of 4.36 lakh shares.
Nanavati Ventures IPO bidding started from April 25, 2022 and ended on April 27, 2022. The allotment for Nanavati Ventures IPO was finalized on Monday, May 2, 2022. The shares got listed on BSE SME on May 6, 2022.
Nanavati Ventures IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
First Overseas Capital Limited is the book running lead manager of the Nanavati Ventures IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Nanavati Ventures IPO RHP for detailed information.
| IPO Date | April 25, 2022 to April 27, 2022 |
| Listing Date | May 6, 2022 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 436,000 shares (aggregating up to ₹2.18 Cr) |
| Fresh Issue | 436,000 shares (aggregating up to ₹2.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 24,000 shares |
Nanavati Ventures IPO offers 436,000 shares. 206,000 (47.25%) to NII, 206,000 (47.25%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 24,000 (5.50%) |
| Other Shares Offered | 206,000 (47.25%) |
| Retail Shares Offered | 206,000 (47.25%) |
| Total Shares Offered | 436,000 (100%) |
Nanavati Ventures IPO opens on April 25, 2022, and closes on April 27, 2022.
| IPO Open Date | Monday, April 25, 2022 |
| IPO Close Date | Wednesday, April 27, 2022 |
| Basis of Allotment | Monday, May 2, 2022 |
| Initiation of Refunds | Wednesday, May 4, 2022 |
| Credit of Shares to Demat | Thursday, May 5, 2022 |
| Listing Date | Friday, May 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 27, 2022 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| Lot Size Calculator | |||
Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati are the company promoters.
| Share Holding Pre Issue | 71% |
| Share Holding Post Issue | 52.19% |
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company's products are sold and distributed through independent sales and distribution networks.
Competitive Strengths.
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 1417.95 | 663.55 | 286.88 | 186.62 | |
| Total Revenue | 1049.52 | 1131.70 | 595.10 | 55.51 | |
| Profit After Tax | 9.98 | 11.97 | 5.39 | 0.03 | |
The market capitalization of Nanavati Ventures IPO is Rs 8.23 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 61.73 |
The Objects of the Issue are:
[Dilip Davda] NVL is operating in a highly competitive and fragmented segment of diamond trading. Its financial data is not matching the asking price. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors should stay away from this pricy issue. Read detail review...
The Nanavati Ventures IPO is subscribed 32.52 times on April 27, 2022 7:51:00 PM. The public issue subscribed 51.17 times in the retail category, times in the QIB category, and 13.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 13.86 |
| Retail | 51.17 |
| Total | 32.52 |
| Listing Date | May 6, 2022 |
| BSE Script Code | 543522 |
| NSE Symbol | |
| ISIN | INE0E5R01017 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹50.00 |
| ₹50.00 |
| ₹48.30 |
| ₹51.80 |
| ₹50.30 |
Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore, Navsari 396445
Phone: +91 9316691337
Email: info@nventures.co.in
Website: http://www.nventures.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Nanavati Ventures IPO is a SME IPO of 436,000 equity shares of the face value of ₹10 aggregating up to ₹2.18 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000 Shares.
The IPO opens on April 25, 2022, and closes on April 27, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Nanavati Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Nanavati Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nanavati Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nanavati Ventures IPO opens on April 25, 2022 and closes on April 27, 2022.
Nanavati Ventures IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
You can apply in Nanavati Ventures 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 Nanavati Ventures IPO will be done on Monday, May 2, 2022, and the allotted shares will be credited to your demat account by Thursday, May 5, 2022. Check the Nanavati Ventures IPO allotment status.
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