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Navoday Enterprises IPO is a fixed price issue of Rs 4.61 crores.
Navoday Enterprises IPO bidding started from June 14, 2021 and ended on June 17, 2021. The allotment for Navoday Enterprises IPO was finalized on Monday, June 21, 2021. The shares got listed on BSE SME on June 25, 2021.
Navoday Enterprises IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Navoday Enterprises IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Navoday Enterprises IPO RHP for detailed information.
| IPO Date | June 14, 2021 to June 17, 2021 |
| Listing Date | June 25, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,304,000 shares (aggregating up to ₹4.61 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 120,000 shares |
Navoday Enterprises IPO offers 2,304,000 shares. 1,092,000 (47.40%) to NII, 1,092,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.21%) |
| Other Shares Offered | 1,092,000 (47.40%) |
| Retail Shares Offered | 1,092,000 (47.40%) |
| Total Shares Offered | 2,304,000 (100%) |
Navoday Enterprises IPO opens on June 14, 2021, and closes on June 17, 2021.
| IPO Open Date | Monday, June 14, 2021 |
| IPO Close Date | Thursday, June 17, 2021 |
| Basis of Allotment | Monday, June 21, 2021 |
| Initiation of Refunds | Tuesday, June 22, 2021 |
| Credit of Shares to Demat | Wednesday, June 23, 2021 |
| Listing Date | Friday, June 25, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 17, 2021 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Anand V. Mode and Synematic Media and Consulting Private Limited are the company promoters.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 40.21% |
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
| 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 | ||
The net IPO proceeds will be used for the following objectives;
[Dilip Davda] Considering its inconsistent financial track record and the highly competitive business, this highly-priced IPO may be ignored as it will take a longer duration for migration to mainboard based on its current small paid-up equity. Promoters will have around 40% holding post issue. Read detail review...
The Navoday Enterprises IPO is subscribed 2.36 times on June 17, 2021 6:50:00 AM. The public issue subscribed 4.44 times in the retail category, times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.29 |
| Retail | 4.44 |
| Total | 2.36 |
| Listing Date | June 25, 2021 |
| BSE Script Code | 543305 |
| NSE Symbol | |
| ISIN | INE0DB001013 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹19.50 |
| ₹18.55 |
| ₹19.50 |
| ₹18.55 |
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/
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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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 share. The minimum order quantity is 6000 Shares.
The IPO opens on June 14, 2021, and closes on June 17, 2021.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
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
Visit Zerodha IPO Application Process Review for more detail.
The Navoday Enterprises IPO opens on June 14, 2021 and closes on June 17, 2021.
Navoday Enterprises IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Navoday Enterprises IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wednesday, June 23, 2021. Check the Navoday Enterprises IPO allotment status.
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