Navoday Enterprises Limited IPO (Navoday Enterprises IPO) Detail

Jun 14, 2021 - Jun 17, 2021

Incorporated in 2007, Navoday Enterprises Limited operates in 3 business verticals 1. Marketing support and Advertising, 2. Management and Financial Consultancy services, and 3. Component Supply and support services to manufacturers of packaging and allied machines.

Under the marketing segment, the company primarily offers outdoor marketing services or out-of-home (OOH) advertising i.e. hoardings, billboards on roads, streets, highways, lamp post boards, kiosks, traffic booths, mobile sign trucks, etc. It offers outdoor services across Mumbai & Thane. It is further engaged in event management services wherein it manages corporate events, commercial events, cultural events, brand promotional events, etc.

Financial consultancy segment provides integrated solutions for marketing research, working capital finance, corporate finance, financial restructuring, etc. However, its component supply segment supplies critical components i.e. sealers, timing belts, barring, cutter, ms cutter, brass gear, carbide, sensors, shut collars, etc. to manufacturers.

Competitive Strengths

  • Expertise in outdoor media service offerings.
  • Diversified management consultancy services.
  • Large media product portfolio i.e. outdoor, print & digital media.

Company Promoters:

Anand V. Mode and Synematic Media and Consulting Private Limited are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,378.57 513.12 531.14
Total Revenue 4,827.24 1,651.70 2,311.96
Profit After Tax 112.77 35.07 55.67

Objects of the Issue:

The net IPO proceeds will be used for the following objectives;

  • Meeting company's working capital requirements.
  • General Corporate purposes.

Navoday Enterprises IPO Details

IPO Opening DateJun 14, 2021
IPO Closing DateJun 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size2,304,000 Eq Shares of ₹10
(aggregating up to ₹4.61 Cr)

Navoday Enterprises IPO Tentative Timetable

The Navoday Enterprises IPO open date is Jun 14, 2021, and the close date is Jun 17, 2021. The issue may list on Jun 24, 2021.

IPO Open DateJun 14, 2021
IPO Close DateJun 17, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 24, 2021

Navoday Enterprises IPO Lot Size

The Navoday Enterprises IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

Navoday Enterprises IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding40.21%

Navoday Enterprises IPO Prospectus

Navoday Enterprises IPO Rating

38
3.4
Rating:Rated 3.4 stars

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Navoday Enterprises IPO Reviews / Ratings

Company Contact Information

Navoday Enterprises Limited
D-107, Crystal Plaza, Opposite Infinity Mall
New Link Road, Andheri West,
Mumbai – 400 053,

Phone: +91 22 4968 6123
Email: info@navodayenterprise.com
Website: http://www.navodayenterprise.com/

Navoday Enterprises IPO Registrar

Satellite Corporate Services Private Limited
   B-302, Sony Apartment,
   Off Andheri Kurla Road, Jarimari,
   Sakinaka, Mumbai - 400 072

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com

Navoday Enterprises IPO FAQs

  1. What is Navoday Enterprises IPO?

    Navoday Enterprises IPO is a SME IPO of 2,304,000 equity shares of the face value of ₹10 aggregating up to ₹4.61 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.

    The IPO opens on Jun 14, 2021, and closes on Jun 17, 2021.

    Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. How to apply in Navoday Enterprises IPO through Zerodha?

    Zerodha customers can apply online in Navoday Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Navoday Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Navoday Enterprises 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 'Navoday Enterprises 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.

  3. When Navoday Enterprises IPO will open?

    The Navoday Enterprises IPO opens on Jun 14, 2021 and closes on Jun 17, 2021.

  4. What is the lot size of Navoday Enterprises IPO?

    Navoday Enterprises IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

  5. How to apply for Navoday Enterprises IPO?

    You can apply in Navoday Enterprises 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.

  6. When Navoday Enterprises IPO allotment?

    The finalization of Basis of Allotment for Navoday Enterprises IPO will be done on Jun 21, 2021, and the allotted shares will be credited to your demat account by Jun 23, 2021. Check the Navoday Enterprises IPO allotment status.

  7. When is Navoday Enterprises IPO listing date?

    The Navoday Enterprises IPO listing date is not yet announced. The tentative date of Navoday Enterprises IPO listing is Jun 24, 2021.

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