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

Issue Open	Jun 19, 2019 - Jun 21, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	810,000 Eq Shares of Rs 10 (aggregating up to Rs 3.65 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 45 Per Equity Share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	BSE SME

Parshva Enterprises IPO Tentative Date / Timetable

Bid/Offer Opens On	Jun 19, 2019
Bid/Offer Closes On	Jun 21, 2019
Finalisation of Basis of Allotment	Jun 27, 2019
Initiation of Refunds	Jun 28, 2019
Credit of Shares to Demat Acct:	Jun 28, 2019
IPO Shares Listing Date:	Jul 1, 2019

Parshva Enterprises IPO Promoter Holding

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

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

› Draft Prospectus
› Red Herring Prospectus

Parshva Enterprises IPO Rating

1.5

Rating:

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Parshva Enterprises IPO Listing Date

Listing Date	Monday, July 1, 2019
BSE Script Code	542694
NSE Symbol
Listing In	MT
ISIN	INE05MV01019
Issue Price	Rs 45 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 45.00
Rs 45.85
Rs 45.30
Rs 48.10
Rs 46.00
195,000

Parshva Enterprises IPO Reviews / Ratings

Dilip Davda - Avoid

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 Lead Manager(s)

Inventure Merchant Banker Services Pvt Ltd

Lead Manager Reports

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Parshva Enterprises IPO Review / Comments

3. GrowYourMoney Jun 17, 2019 15:36

1 |

Top Contributor (200+ Posts, 300+ Likes)

regulators should not allow such IPOs

2. Aviralguptak Jun 15, 2019 18:29

1 |

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 Jun 15, 2019 17:45

2 |

Top Contributor (200+ Posts, 300+ Likes)

again small gems & jewelry player.
fundamentals not even worth to look at

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