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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
| IPO Date | Jun 19, 2019 to Jun 21, 2019 |
| Listing Date | Jul 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 810,000 shares (aggregating up to ₹3.65 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 384,000 (50.00%) |
| Retail Shares Offered | 384,000 (50.00%) |
| Market Maker portion | 42,000 shares |
| Total Shares Offered | 768,000 |
Parshva Enterprises IPO opens on Jun 19, 2019, and closes on Jun 21, 2019.
| Event | Tentative Date |
|---|---|
| Opening Date | Jun 19, 2019 |
| 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 |
| Listing Date | Jul 1, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Parshva Enterprises IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Prashant A Vora is the promoter of the company.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.09% |
| 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 | |
The objects of the Net Proceeds (as defined below) of the Issue are:
-Meeting Additional Working Capital Requirements
[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...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)
| Category | Subscription (times) |
|---|---|
| Other | 1.65 |
| Retail | 0.74 |
| Total | 1.20 |
| Listing Date | Jul 1, 2019 |
| BSE Script Code | 542694 |
| NSE Symbol | |
| ISIN | INE05MV01019 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹45.85 |
| ₹45.30 |
| ₹48.10 |
| ₹46.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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, Nuvama, 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.
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