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Nanavati Ventures Limited IPO (Nanavati Ventures IPO) Detail

Apr 25, 2022 - Apr 27, 2022

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.

  • The established brand.
  • Management and Employee expertise.
  • Understand Customer Needs.
  • Existing distribution and sales networks in the domestic market and our geographical benefit.
  • Quality products.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The Objects of the Issue are:

  1. To meet the working capital requirements of the company.
  2. To meet the Issue Expenses.
  3. General Corporate Purpose.

Nanavati Ventures IPO Details

Nanavati Ventures IPO Date Apr 25, 2022 to Apr 27, 2022
Nanavati Ventures IPO Face Value ₹10 per share
Nanavati Ventures IPO Price ₹50 per share
Nanavati Ventures IPO Lot Size 3000 Shares
Issue Size436,000 shares of ₹10
(aggregating up to ₹2.18 Cr)
Fresh Issue436,000 shares of ₹10
(aggregating up to ₹2.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati are the company promoters.

Nanavati Ventures IPO Timeline (Tentative Timetable)

Nanavati Ventures IPO opens on Apr 25, 2022, and closes on Apr 27, 2022. The Nanavati Ventures IPO bid date is from Apr 25, 2022 10.00 A.M. to Apr 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Nanavati Ventures IPO Opening Date Apr 25, 2022
Nanavati Ventures IPO Closing Date Apr 27, 2022
Basis of Allotment May 2, 2022
Initiation of Refunds May 4, 2022
Credit of Shares to Demat May 5, 2022
Nanavati Ventures IPO Listing Date May 6, 2022

Nanavati Ventures IPO Lot Size

The Nanavati Ventures IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

Application Lots Shares Amount
Minimum 1 3000 ₹150,000
Maximum 1 3000 ₹150,000

Nanavati Ventures IPO Promoter Holding

Pre Issue Share Holding 71%
Post Issue Share Holding 52.19%

Nanavati Ventures IPO Review

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...

New Nanavati Ventures IPO Recommendation by Members

Nanavati Ventures IPO Recommendations Details | Post Recommendation | Manage Recommendations

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Nanavati Ventures IPO Subscription Status (Bidding Detail)

The Nanavati Ventures IPO is subscribed 32.52 times on Apr 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)

CategorySubscription (times)
NII13.86
Retail51.17
Total32.52

Nanavati Ventures IPO Prospectus

Nanavati Ventures IPO Rating

94
3.8
Rating:Rated 3.8 stars
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Nanavati Ventures IPO Listing Date

Listing Date Friday, May 6, 2022
BSE Script Code 543522
NSE Symbol
Listing In MT Group of Securities
ISIN INE0E5R01017
IPO Price ₹50 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹50.00
₹50.00
₹48.30
₹51.80
₹50.30

Company Contact Information

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/

Nanavati Ventures IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Nanavati Ventures IPO Reviews / Ratings

Nanavati Ventures IPO FAQs

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 Apr 25, 2022, and closes on Apr 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nanavati Ventures IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nanavati Ventures IPO opens on Apr 25, 2022 and closes on Apr 27, 2022.

Nanavati Ventures IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nanavati Ventures IPO will be done on May 2, 2022, and the allotted shares will be credited to your demat account by May 5, 2022. Check the Nanavati Ventures IPO allotment status.

The Nanavati Ventures IPO listing date is on Friday, May 6, 2022.
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Nanavati Ventures IPO Message Board

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