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.

Nanavati Ventures IPO Details

IPO Date Apr 25, 2022 to Apr 27, 2022
Listing Date May 6, 2022
Face Value ₹10 per share
Price ₹50 per share
Lot Size 3000 Shares
Total Issue Size436,000 shares
(aggregating up to ₹2.18 Cr)
Fresh Issue436,000 shares
(aggregating up to ₹2.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Nanavati Ventures IPO Reservation

Other Shares Offered206,000 (50.00%)
Retail Shares Offered206,000 (50.00%)
Market Maker portion24,000 shares
Total Shares Offered412,000

Nanavati Ventures IPO Tentative Timetable

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

Event Tentative Date
Opening Date Apr 25, 2022
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
Listing Date May 6, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Nanavati Ventures IPO Lot Size

The Nanavati Ventures IPO lot size is 3000 shares.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹150,000
Retail (Max) 1 3000 ₹150,000
Lot Size Calculator

Nanavati Ventures IPO Promoter Holding

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

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

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)

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

Nanavati Ventures IPO Review (Avoid)

[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...

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 Prospectus

Nanavati Ventures IPO Rating

Rating:Rated 3.8 stars
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Nanavati Ventures IPO Listing Details

Listing Date May 6, 2022
BSE Script Code 543522
NSE Symbol
Final Issue Price ₹50 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

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 Analysis

Nanavati Ventures IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 2 0

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SME IPO Enquiry

Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form

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, Nuvama, 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 May 6, 2022.
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Nanavati Ventures IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



51. ipobull |   Link |May 24, 2022 11:29:59 AM
IPO Mentor IPO Mentor (900+ Posts, 1000+ Likes)
Campus, Rainbow, Nykaa, Easy Trip, Latent - All coming up with results this week. Had purchased Zomato @ 56.5 before results, now enjoying the ride after results. Hope to see bumper results from the above pack. Fasten you seat belts.
50. 🎯 Big Bull 🎯 |   Link |May 14, 2022 7:20:04 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Experts Please share latest GMPs...

Thank u
50.1. antarix |   Link |May 15, 2022 4:10:59 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Why copy paste same message everywhere? issue is already listed.
49. 🎯 Big Bull 🎯 |   Link |May 9, 2022 8:19:51 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
IPO Subscription


Issue Closed

QIB : - 02.83 ×
HNI : - 02.91 ×
RETAIL : - 01.99 ×
Emp : - 04.40 ×
Policy Holder : - 06.11 ×
TOTAL : - 02.95 ×
APPLICATION : - 7337575
48. Amit Jaipur |   Link |May 6, 2022 10:10:59 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Now traded at 51.80
47. Amit Jaipur |   Link |May 6, 2022 9:50:40 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Exited at par at 50. Bad listing.
47.1. Learner SK |   Link |May 6, 2022 9:57:09 AM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)
Sad. Expected at least to list at 5-10% up.
47.2. antarix |   Link |May 11, 2022 4:36:22 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Good that you exited. Others are now stuck at 44.
46. Amit Jaipur |   Link |May 4, 2022 7:58:05 PM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Gazab registrar hai abhi tak site par allotment status nahi show ho raha hai.
46.1. Kal.Atar |   Link |May 6, 2022 8:58:30 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Please write a mail (Email: nvl.ipo@kfintech.com) to the Registrar (with your application number) asking them to instruct bank to release funds.
45. Amit Jaipur |   Link |May 5, 2022 8:34:53 PM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Listing circular not yet released on bse website.
44. Amit Jaipur |   Link |May 5, 2022 11:41:22 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Registrar mail stated that amount will be unblocked on 4 but its still blocked
43. Amit Jaipur |   Link |May 5, 2022 9:03:05 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Recd. The msg. Of shares credit in demat a.c but still allotment not shown on registrar site.
42. SUBHASH B |   Link |May 4, 2022 7:08:48 PM
41. Amit Jaipur |   Link |May 4, 2022 12:34:14 PM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Allotment not yet out on registrar site.
41.2. Avenue |   Link |May 4, 2022 2:11:43 PM
No allotment against my 2 Retail applications.
Received mail from KFin Tech.
41.3. Avenue |   Link |May 4, 2022 2:13:40 PM
@Noorul.. Congratulations and best Wishes for listing...
You might have won a good one....
40. A K SHARMA |   Link |May 4, 2022 1:39:16 PM
39. A K SHARMA |   Link |May 4, 2022 1:11:25 PM
39.1. Gaurav DD dimer |   Link |May 4, 2022 1:36:16 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Yes, received mail for non - allotment
Amount is still blocked.
38. Rajnikant bhadani |   Link |May 4, 2022 11:45:42 AM
I have got 1 appli allotment
Plz suggest listing rate
37. KING VINOD |   Link |May 3, 2022 8:50:30 PM
IPO Guru IPO Guru (2000+ Posts, 3700+ Likes)
Nanavati No GMP trades
36. SUBHASH B |   Link |May 3, 2022 2:36:03 PM
SBI unblocked nanavati ipo amount in early morning
36.1. RajuSME |   Link |May 3, 2022 4:47:37 PM
ICICIDirect unblocked money

0 allotment. Best of other who got allotment
35. IPO Electrifying |   Link |Apr 27, 2022 8:40:38 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
It will list at discount.
35.1. Mas |   Link |Apr 28, 2022 8:51:43 AM
No chance brother. Some insider news took subscription to next level.
Pure game will be on in this counter
35.2. IPO Lover Rajkot |   Link |May 2, 2022 4:47:37 PM
I think minimum 15% to 20% return on listing
34. Kundan Mishra |   Link |Apr 27, 2022 11:34:47 AM
@MRavi Sir,
Are you planning apply in Nanavati & Fone4, after seeing the subscription figure?
34.13. Shanm |   Link |Apr 27, 2022 5:08:44 PM
Thank you @ M Ravi & @ Lokesh

@ Lokesh, Can you pls advise how you are concluding the below fig?
6700 number in more than 10L HNI category and
3000+ in lessthan 10L HNI category?
34.14. lokes |   Link |Apr 27, 2022 6:04:14 PM
IPO Guru IPO Guru (3800+ Posts, 4300+ Likes)
@shanm: you can check here in my last message.
33. Amit Jaipur |   Link |Apr 27, 2022 5:42:36 PM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Updation Of GMP anyone.
32. lokes |   Link |Apr 27, 2022 2:12:40 PM
IPO Guru IPO Guru (3800+ Posts, 4300+ Likes)
Not applying here.....
I may take some chance to apply in HNI in fone4 to get 1 lot, for listing purpose only.....
32.2. lokes |   Link |Apr 27, 2022 3:28:44 PM
IPO Guru IPO Guru (3800+ Posts, 4300+ Likes)
@MRavi sir: yes you are right, and in HNI also, we need to block good amount to get 1 lot since they will equalize the subscriptions in both categories....
but still i applied 10 lots in fone4 ipo, just going by gmp this time even if not at all convinced with company profile. i have skipped nanavati, it may also have some listing gain if retailer craze/subscription here is real but again tough to get allotment so not worthy of risk.
32.3. Avenue |   Link |Apr 27, 2022 4:47:57 PM
@Lokes. @MRavi @ Noorul...
It was easy earlier....
Now Neither I understand new IPO rules nor I understand new IPOs (Nanavati & Fone4)...