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 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

Nanavati Ventures IPO Reservation

Other Shares Offered	206,000 (50.00%)
Retail Shares Offered	206,000 (50.00%)
Market Maker portion	24,000 shares
Total Shares Offered	412,000

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)

Category	Subscription (times)
Other	13.86
Retail	51.17
Total	32.52

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:

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

Nanavati Ventures IPO Prospectus

› Nanavati Ventures IPO DRHP
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Nanavati Ventures IPO Rating

3.8

Rating:

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 - NSE

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…

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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Nanavati Ventures IPO Lead Manager(s)

First Overseas Capital Limited (Past IPO Performance)

Lead Manager Reports

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

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Nanavati Ventures IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
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.

Nanavati Ventures IPO Message Board

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

93 Comments

51. ipobull | Link |May 24, 2022 11:29:59 AM

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 (600+ Posts, 500+ Likes)

Experts Please share latest GMPs...

Thank u

50.1. antarix | Link |May 15, 2022 4:10:59 PM

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 (600+ Posts, 500+ 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 |May 6, 2022 10:10:59 AM

IPO Guru (1100+ Posts, 1200+ Likes)

Now traded at 51.80

47. Amit Jaipur | Link |May 6, 2022 9:50:40 AM

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 (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 (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 (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 (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.
Thanks.

45. Amit Jaipur | Link |May 5, 2022 8:34:53 PM

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 (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 (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

HDFC BANK STILL NOT UNBLOCKED AMOUNT OF NANAVATI AND ALSO FONE4 SBI UNBLOCKED YESTERDAY

41. Amit Jaipur | Link |May 4, 2022 12:34:14 PM

IPO Guru (1100+ Posts, 1200+ Likes)

Allotment not yet out on registrar site.

Load more comments (1 replies)

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

https://kosmic.kfintech.com/ipostatus/

39. A K SHARMA | Link |May 4, 2022 1:11:25 PM

CHECK EMAIL FOR ALOTTMENT STATUS.

39.1. Gaurav DD dimer | Link |May 4, 2022 1:36:16 PM

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 (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 (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?

Load more comments (12 replies)

34.1. MRavichandran | Link |Apr 27, 2022 12:33:39 PM

IPO Guru (1800+ Posts, 2400+ Likes)

@Kundan Mishra,
Not fully convinced to apply. Since HNI subscription is limited to 10L in main board, I may give it a try in this SME's to get one lot (both Nanavati & Fone4) after seeing if HNI subscription goes above 5X 🤞

Thanks

34.2. Kundan Mishra | Link |Apr 27, 2022 1:24:10 PM

Ty for your response sir.
Yes, as per initial study, both were less attractive. But, only because of subscription it cannot be ignored.
I may not be able to participate and just observe. As by the time HNI is 5X, SBI ASBA would be over.

34.3. Kundan Mishra | Link |Apr 27, 2022 1:26:49 PM

Or maybe the demand is also due to LM... Having recent standards set by BEW, Madhavbaug, Precision...

34.4. Shanm | Link |Apr 27, 2022 1:34:32 PM

@ Ravi sir,
congrats 'Guru'
sir, can you pls give a light on which ongoing SME & main board IPO can be applied.
Also still I am not clear on the HNI application of upto 10lakh & above lakh cap. can you pls advise the difference & allotment possibilities?

34.5. MRavichandran | Link |Apr 27, 2022 2:03:03 PM

IPO Guru (1800+ Posts, 2400+ Likes)

@Shanm,
Thanks

I will apply as below:
SME: Le Merite (other 2 SME's are high risk but some listing gains expected)
Main board: All 3 (including LIC)

HNI applications still fully not clear. However, if you apply in more than 10L HNI, allotment chances are high compare to above 2L HNI. both categories will be mostly go for lottery & 2L shares allotment for both to the lucky ones.🤞

Thanks

34.6. Shanm | Link |Apr 27, 2022 2:17:51 PM

Nantri Ravi sir.
I got your point. Yes, it's better to go with 10L HNI.

In case of oversubscription, 10+L HNI also a lottery system? Not a proportionate based allotment?

34.7. Shanm | Link |Apr 27, 2022 2:29:43 PM

@ ravi sir,
In case if I go with 50L or 1 Crore(under 10+L HNI), what will be the added advantage?

34.8. MRavichandran | Link |Apr 27, 2022 2:29:48 PM

IPO Guru (1800+ Posts, 2400+ Likes)

@Shanm,
yes, lottery system only (not proportionate basis)

Thanks

34.9. MRavichandran | Link |Apr 27, 2022 2:55:24 PM

IPO Guru (1800+ Posts, 2400+ Likes)

@Shanm,
50L or 1 Crore (under 10+L HNI), no advantages (except if 10 L HNI is not fully subscribed, you will get full allotment)

Thanks

34.10. snipperRaj | Link |Apr 27, 2022 3:29:56 PM

Top Contributor (300+ Posts, 200+ Likes)

congrats mravi sir for guru tag. you truely are and also helping us always.

34.11. lokes | Link |Apr 27, 2022 3:36:43 PM

IPO Guru (3800+ Posts, 4300+ Likes)

@shanm @MRavi: only in case application wise over subscription, then lottery will happen, like if in campus ipo, there are more than 6700 people applying for 68 lots or more then only approx 6700 people will get 14 lot each via lottery.
And its not easy to have 6700 people applying for more than 10 lakhs amount, it may be possible here in campus being good gmp or still may not be, need to see but in other average ipos, people should be enough careful before applying in big HNI category as per ipo issue size and gmp and company profile else it will be too much risky for many people.
Also we cant get any hint from actual subscription figures in hni category, because all allotments will happen based on no. of applications, so if more people are applying with larger amounts then actual subscriptions can be high but application wise subscriptions can still be lesser, no idea if in future we will be able to know application wise subscriptions or not in both hni categories, like we come to know for retail category.

34.12. MRavichandran | Link |Apr 27, 2022 3:43:23 PM

IPO Guru (1800+ Posts, 2400+ Likes)

@snipperRaj,
Thanks for those kind words, happy to hear from someone like you.

@lokes,
very valid points (it will be trial & error method initially, finally we will become experts in few IPO's)

Thanks

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 (3800+ Posts, 4300+ 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 |Apr 27, 2022 5:42:36 PM

IPO Guru (1100+ Posts, 1200+ Likes)

Updation Of GMP anyone.

32. lokes | Link |Apr 27, 2022 2:12:40 PM

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.....

Load more comments (1 replies)

32.2. lokes | Link |Apr 27, 2022 3:28:44 PM

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)...

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Company Financials

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Nanavati Ventures IPO Prospectus

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SME IPO Enquiry

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What is Nanavati Ventures IPO?

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Nanavati Ventures IPO Message Board

93 Comments

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