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Nanavati Ventures Limited IPO (Nanavati Ventures IPO) Detail

April 25, 2022 - April 27, 2022

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.

Nanavati Ventures IPO Details

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 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
Market Maker portion24,000 shares

Nanavati Ventures IPO Reservation

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 Offered24,000 (5.50%)
Other Shares Offered206,000 (47.25%)
Retail Shares Offered206,000 (47.25%)
Total Shares Offered436,000 (100%)

Nanavati Ventures IPO Timeline (Tentative Schedule)

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

Nanavati Ventures IPO Lot Size

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

Nanavati Ventures IPO Promoter Holding

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%

About Nanavati Ventures Limited

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

Key Performance Indicator

The market capitalization of Nanavati Ventures IPO is Rs 8.23 Cr.

Pre IPO Post IPO
P/E (x) 61.73

Objects of the Issue (Nanavati Ventures IPO Objectives)

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 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...


Nanavati Ventures IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other13.86
Retail51.17
Total32.52

Nanavati Ventures IPO Prospectus

Nanavati Ventures IPO Rating

94
3.8
Rating:Rated 3.8 stars
Vote Here ...

Nanavati Ventures IPO Listing Details

Listing Date May 6, 2022
BSE Script Code 543522
NSE Symbol
ISIN INE0E5R01017
Final Issue Price ₹50 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹50.00
₹50.00
₹48.30
₹51.80
₹50.30

Check IPO Performance…

Nanavati Ventures Limited Contact Details

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://kosmic.kfintech.com/ipostatus/

Nanavati Ventures IPO - Buy or Not

Nanavati Ventures IPO Recommendation Summary

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

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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 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

  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 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.

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 | Members with Most Likes

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93 Comments

51. ipobull |   Link |  Bookmark |May 24, 2022 11:29:59 AM
IPO Guru IPO Guru (1000+ 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 |  Bookmark |May 14, 2022 7:20:04 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Experts Please share latest GMPs...


Thank u
50.1. antarix |   Link |  Bookmark |May 15, 2022 4:10:59 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Why copy paste same message everywhere? issue is already listed.
49. 🎯 Big Bull 🎯 |   Link |  Bookmark |May 9, 2022 8:19:51 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
IPO Subscription

*LIC INDIA*

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 |  Bookmark |May 6, 2022 10:10:59 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Now traded at 51.80
47. Amit Jaipur |   Link |  Bookmark |May 6, 2022 9:50:40 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Exited at par at 50. Bad listing.
47.1. Learner SK |   Link |  Bookmark |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 |  Bookmark |May 11, 2022 4:36:22 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Good that you exited. Others are now stuck at 44.
46. Amit Jaipur |   Link |  Bookmark |May 4, 2022 7:58:05 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Gazab registrar hai abhi tak site par allotment status nahi show ho raha hai.
46.1. Kal.Atar |   Link |  Bookmark |May 6, 2022 8:58:30 AM
IPO Guru IPO Guru (1000+ Posts, 700+ 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.
Thanks.
45. Amit Jaipur |   Link |  Bookmark |May 5, 2022 8:34:53 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Listing circular not yet released on bse website.
44. Amit Jaipur |   Link |  Bookmark |May 5, 2022 11:41:22 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Registrar mail stated that amount will be unblocked on 4 but its still blocked
43. Amit Jaipur |   Link |  Bookmark |May 5, 2022 9:03:05 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Recd. The msg. Of shares credit in demat a.c but still allotment not shown on registrar site.
42. SUBHASH B |   Link |  Bookmark |May 4, 2022 7:08:48 PM
HDFC BANK STILL NOT UNBLOCKED AMOUNT OF NANAVATI AND ALSO FONE4 SBI UNBLOCKED YESTERDAY
41. Amit Jaipur |   Link |  Bookmark |May 4, 2022 12:34:14 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Allotment not yet out on registrar site.
41.2. Avenue |   Link |  Bookmark |May 4, 2022 2:11:43 PM
No allotment against my 2 Retail applications.
Received mail from KFin Tech.
41.3. Avenue |   Link |  Bookmark |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 |  Bookmark |May 4, 2022 1:39:16 PM
https://kosmic.kfintech.com/ipostatus/
39. A K SHARMA |   Link |  Bookmark |May 4, 2022 1:11:25 PM
CHECK EMAIL FOR ALOTTMENT STATUS.
39.1. Gaurav DD dimer |   Link |  Bookmark |May 4, 2022 1:36:16 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Yes, received mail for non - allotment
Amount is still blocked.
38. Rajnikant bhadani |   Link |  Bookmark |May 4, 2022 11:45:42 AM
I have got 1 appli allotment
Plz suggest listing rate
37. KING VINOD |   Link |  Bookmark |May 3, 2022 8:50:30 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Nanavati No GMP trades
36. SUBHASH B |   Link |  Bookmark |May 3, 2022 2:36:03 PM
SBI unblocked nanavati ipo amount in early morning
36.1. RajuSME |   Link |  Bookmark |May 3, 2022 4:47:37 PM
ICICIDirect unblocked money

0 allotment. Best of other who got allotment
35. IPO Electrifying |   Link |  Bookmark |April 27, 2022 8:40:38 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
It will list at discount.
35.1. Mas |   Link |  Bookmark |April 28, 2022 8:51:43 AM (200+ Posts)
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 |  Bookmark |May 2, 2022 4:47:37 PM
I think minimum 15% to 20% return on listing
34. Kundan Mishra |   Link |  Bookmark |April 27, 2022 11:34:47 AM
@MRavi Sir,
Are you planning apply in Nanavati & Fone4, after seeing the subscription figure?
34.13. Shanm |   Link |  Bookmark |April 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 |  Bookmark |April 27, 2022 6:04:14 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@shanm: you can check here in my last message.
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1249&c=505869&ap=0
33. Amit Jaipur |   Link |  Bookmark |April 27, 2022 5:42:36 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Updation Of GMP anyone.
32. lokes |   Link |  Bookmark |April 27, 2022 2:12:40 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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 |  Bookmark |April 27, 2022 3:28:44 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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 |  Bookmark |April 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)...