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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

Issue OpenJun 19, 2019 - Jun 21, 2019
Issue TypeFixed Price Issue IPO
Issue Size810,000 Eq Shares of Rs 10
(aggregating up to Rs 3.65 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 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 Acct:Jun 28, 2019
IPO Shares Listing Date:Jul 1, 2019

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

Vote Here ...

Parshva Enterprises IPO Listing Date

Listing DateMonday, July 1, 2019
BSE Script Code542694
NSE Symbol
Listing InMT
ISININE05MV01019
Issue PriceRs 45 Per Equity Share
Face ValueRs 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

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

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Parshva Enterprises IPO Review / Comments

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



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