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Parshva Enterprises Limited IPO (Parshva Enterprises IPO) Detail

Jun 19, 2019 - Jun 21, 2019

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:

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

Parshva Enterprises IPO Details

Parshva Enterprises IPO Date Jun 19, 2019 to Jun 21, 2019
Parshva Enterprises IPO Face Value ₹10 per share
Parshva Enterprises IPO Price ₹45 per share
Parshva Enterprises IPO Lot Size 3000 Shares
Issue Size810,000 shares of ₹10
(aggregating up to ₹3.65 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Prashant A Vora is the promoter of the company.

Parshva Enterprises IPO Timeline (Tentative Timetable)

Parshva Enterprises IPO opens on Jun 19, 2019, and closes on Jun 21, 2019. The Parshva Enterprises IPO bid date is from Jun 19, 2019 10.00 A.M. to Jun 21, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Parshva Enterprises IPO Opening Date Jun 19, 2019
Parshva Enterprises IPO Closing Date Jun 21, 2019
Basis of Allotment Jun 27, 2019
Initiation of Refunds Jun 28, 2019
Credit of Shares to Demat Jun 28, 2019
Parshva Enterprises IPO Listing Date Jul 1, 2019

Parshva Enterprises IPO Lot Size

The Parshva Enterprises IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

Parshva Enterprises IPO Promoter Holding

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

Parshva Enterprises IPO Review

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...

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Parshva Enterprises IPO Subscription Status (Bidding Detail)

The Parshva Enterprises IPO is subscribed 1.20 times on Jun 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)
NII1.65
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 Date

Listing Date Monday, July 1, 2019
BSE Script Code 542694
NSE Symbol
Listing In MT Group of Securities
ISIN INE05MV01019
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹45.85
₹45.30
₹48.10
₹46.00

Company Contact Information

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: http://www.bigshareonline.com

Parshva Enterprises IPO Reviews / Ratings

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 Jun 19, 2019, and closes on Jun 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 Jun 19, 2019 and closes on Jun 21, 2019.

Parshva Enterprises IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Parshva Enterprises IPO will be done on Jun 27, 2019, and the allotted shares will be credited to your demat account by Jun 28, 2019. Check the Parshva Enterprises IPO allotment status.

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

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3 Comments

3. GrowYourMoney |   Link |Jun 17, 2019 3:36:04 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
regulators should not allow such IPOs
2. Aviralguptak |   Link |Jun 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 |Jun 15, 2019 5:45:26 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
again small gems & jewelry player.
fundamentals not even worth to look at