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Parshva Enterprises Limited IPO (Parshva Enterprises IPO) Detail

June 19, 2019 - June 21, 2019

Parshva Enterprises IPO is a fixed price issue of Rs 3.65 crores.

Parshva Enterprises IPO bidding started from June 19, 2019 and ended on June 21, 2019. The allotment for Parshva Enterprises IPO was finalized on Thursday, June 27, 2019. The shares got listed on BSE SME on July 1, 2019.

Parshva Enterprises IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Parshva Enterprises IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Parshva Enterprises IPO RHP for detailed information.

Parshva Enterprises IPO Details

IPO Date June 19, 2019 to June 21, 2019
Listing Date July 1, 2019
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Total Issue Size810,000 shares
(aggregating up to ₹3.65 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion42,000 shares

Parshva Enterprises IPO Reservation

Parshva Enterprises IPO offers 810,000 shares. 384,000 (47.41%) to NII, 384,000 (47.41%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered42,000 (5.19%)
Other Shares Offered384,000 (47.41%)
Retail Shares Offered384,000 (47.41%)
Total Shares Offered810,000 (100%)

Parshva Enterprises IPO Timeline (Tentative Schedule)

Parshva Enterprises IPO opens on June 19, 2019, and closes on June 21, 2019.

IPO Open Date Wednesday, June 19, 2019
IPO Close Date Friday, June 21, 2019
Basis of Allotment Thursday, June 27, 2019
Initiation of Refunds Friday, June 28, 2019
Credit of Shares to Demat Friday, June 28, 2019
Listing Date Monday, July 1, 2019
Cut-off time for UPI mandate confirmation 5 PM on June 21, 2019

Parshva Enterprises 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 ₹135,000
Retail (Max) 1 3000 ₹135,000
Lot Size Calculator

Parshva Enterprises IPO Promoter Holding

Prashant A Vora is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.09%

About Parshva Enterprises Limited

Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewellery. They buy and sell diamonds of different categories depending on fancy colour, size, shape and cut (princess-cut, heart-cut, etc.).

The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only.

In gold jewellery, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls.

Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties.

The competitive strengths of the company are:

1. Multiple product range
2. Good quality products
3. Market-specific products

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18
Total Assets 357.93 205.41
Total Revenue 709.22 476.29
Profit After Tax 30.04 3.88

Objects of the Issue (Parshva Enterprises IPO Objectives)

The objects of the Net Proceeds (as defined below) of the Issue are:
-Meeting Additional Working Capital Requirements

Parshva Enterprises IPO Review (Avoid)

[Dilip Davda]  

PEL has just 21 months working records. The issue is priced very aggressively. Merchant Banker has an average track record. PEL operates in a highly competitive segment. Its current issue size may take a longer time for migration to the main board. Considering all these aspects, investors may skip this issue.

Read detail review...


Parshva Enterprises IPO Subscription Status (Bidding Detail)

The Parshva Enterprises IPO is subscribed 1.20 times on June 21, 2019 6:49:02 PM. The public issue subscribed 0.74 times in the retail category, times in the QIB category, and 1.65 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.65
Retail0.74
Total1.20

Parshva Enterprises IPO Prospectus

Parshva Enterprises IPO Rating

15
1.5
Rating:Rated 1.5 stars
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Parshva Enterprises IPO Listing Details

Listing Date July 1, 2019
BSE Script Code 542694
NSE Symbol
ISIN INE05MV01019
Final Issue Price ₹45 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹45.85
₹45.30
₹48.10
₹46.00

Check IPO Performance…

Parshva Enterprises Limited Contact Details

Parshva Enterprises Limited
811, A Wing, Jaswanti Allied Business Centre,
Ramchandra Lane Extn., Malad West,
Mumbai - 400064, Maharashtra, India
Phone: +91 22 4972 9700
Email: info@parshvaenterprises.co.in
Website: http://parshvaenterprises.co.in/

Parshva Enterprises IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Parshva Enterprises IPO - Buy or Not

Parshva Enterprises IPO Recommendation Summary

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

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Parshva Enterprises IPO FAQs

Parshva Enterprises IPO is a SME IPO of 810,000 equity shares of the face value of ₹10 aggregating up to ₹3.65 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on June 19, 2019, and closes on June 21, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Parshva Enterprises IPO opens on June 19, 2019 and closes on June 21, 2019.

Parshva Enterprises IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.

You can apply in Parshva 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 Parshva Enterprises IPO will be done on Thursday, June 27, 2019, and the allotted shares will be credited to your demat account by Friday, June 28, 2019. Check the Parshva Enterprises IPO allotment status.

The Parshva Enterprises IPO listing date is on July 1, 2019.
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Parshva Enterprises IPO Message Board

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3 Comments

3. GrowYourMoney |   Link |  Bookmark |June 17, 2019 3:36:04 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
regulators should not allow such IPOs
2. Aviralguptak |   Link |  Bookmark |June 15, 2019 6:29:08 PM
Just with 21 months data which is same as UHzaveri it is coming to loot public. Shame on part of exchange to allow such companies to come with ipo .despite no history or data exchange allowing anything to come with ipo
1. GrowYourMoney |   Link |  Bookmark |June 15, 2019 5:45:26 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
again small gems & jewelry player.
fundamentals not even worth to look at