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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 Promoters:

Prashant A Vora is the promoter of the company.

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

IPO DateJun 19, 2019 - Jun 21, 2019
Issue TypeFixed Price Issue IPO
Issue Size810,000 Eq Shares of ₹10
(aggregating up to ₹3.65 Cr)
Face Value₹10 Per Equity Share
IPO Price₹45 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Parshva Enterprises IPO Tentative Date / Timetable

Bid/Offer Opens OnJun 19, 2019
Bid/Offer Closes OnJun 21, 2019
Finalisation of Basis of AllotmentJun 27, 2019
Initiation of RefundsJun 28, 2019
Credit of Shares to Demat AcctJun 28, 2019
IPO Shares Listing DateJul 1, 2019

Parshva Enterprises IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹135,000
Maximum13000₹135,000

Parshva Enterprises IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.09%

Parshva Enterprises IPO Subscription Status (Bidding Detail)

Parshva Enterprises IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

384,000

384,000

768,000

Jun 21, 2019 18:49

1.65x

0.74x

1.20x

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 DateMonday, July 1, 2019
BSE Script Code542694
NSE Symbol
Listing InMT
ISININE05MV01019
IPO Price₹45 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹45.00
₹45.85
₹45.30
₹48.10
₹46.00
195,000

Parshva Enterprises IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Parshva Enterprises IPO FAQs

  1. 1. What is Parshva Enterprises IPO?

    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 price of the IPO is ₹45 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Parshva Enterprises IPO will open?

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

  3. 3. How to apply for Parshva Enterprises IPO?

    Parshva Enterprises IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Parshva Enterprises IPO allotment?

    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.

  5. 5. When is Parshva Enterprises IPO listing date?

    The Parshva Enterprises IPO listing date is on Monday, July 1, 2019, at BSE SME.
  6. 6. What is the lot size of Parshva Enterprises IPO?

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

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Parshva Enterprises IPO Review / Comments

GrowYourMoney
3. GrowYourMoney  Jun 17, 2019 16:36
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
regulators should not allow such IPOs
Aviralguptak
2. Aviralguptak  Jun 15, 2019 19:29
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
GrowYourMoney
1. GrowYourMoney  Jun 15, 2019 18:45
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
again small gems & jewelry player.
fundamentals not even worth to look at



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