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Pavna Industries Limited IPO (Pavna Industries IPO) Detail

Feb 24, 2021 - Mar 1, 2021

Incorporated in 1994, Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions. The company manufactures a wide range of automotive components for Original Equipment Manufacturers (OEM) to cater to the requirements of passenger vehicles, 2-wheelers, 3-wheelers, heavy and light commercial vehicles, and off-road vehicles.

The company has a well-diversified portfolio including ignition switches, Latches, Fuel Tank Caps, Auto Locks, Handles, Switches, Carburetor, Oil Pump, Throttle Body, Casting Components, etc and aftermarket products i.e. filters, bearings, wiper blades, clutch plates, and brake shoes. It has three manufacturing plants located in Aligarh (UP), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). The units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016 certified to deliver the highest-quality automotive components.

Competitive Strengths

  • Experienced promoters and managerial team.
  • Well-established manufacturing capacity.
  • Diversified product portfolio.
  • Strong financial performance track-record.
  • In-house design capability, product development, and technical collaborations.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20
Total Assets 14,807.17 12,035.61
Total Revenue 6,808 17,982.84
Profit After Tax 82.80 633.74

Objects of the Issue

The IPO aims to raise money for the following purposes;

  • To make partial repayment of loans.
  • To meet general corporate purposes.

Pavna Industries IPO Details

Pavna Industries IPO Date Feb 24, 2021 to Mar 1, 2021
Pavna Industries IPO Face Value ₹10 per share
Pavna Industries IPO Price ₹165 per share
Pavna Industries IPO Lot Size 800 Shares
Issue Size1,800,000 shares of ₹10
(aggregating up to ₹29.70 Cr)
Fresh Issue902,400 shares of ₹10
(aggregating up to ₹14.89 Cr)
Offer for Sale897,600 shares of ₹10
(aggregating up to ₹14.81 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Mr. Swapnil jain and Mrs. Asha Jaina are the company promoters.

Pavna Industries IPO Timeline (Tentative Timetable)

Pavna Industries IPO opens on Feb 24, 2021, and closes on Mar 1, 2021. The Pavna Industries IPO bid date is from Feb 24, 2021 10.00 A.M. to Mar 1, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Pavna Industries IPO Opening Date Feb 24, 2021
Pavna Industries IPO Closing Date Mar 1, 2021
Basis of Allotment Mar 4, 2021
Initiation of Refunds Mar 5, 2021
Credit of Shares to Demat Mar 8, 2021
Pavna Industries IPO Listing Date Mar 9, 2021

Pavna Industries IPO Lot Size

The Pavna Industries IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹132,000).

Application Lots Shares Amount
Retail (Min) 1 800 ₹132,000
Retail (Max) 1 800 ₹132,000

Pavna Industries IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 70.45%

Pavna Industries IPO Review

It has suffered a severe setback for the first half amidst lockdown due to corona pandemic all group companies are involved in the similar trades hence accounting adjustments poses a major concern. Outlook for the auto ancillaries appears bright based on the market reports. But based on current working, the asking price is very high. Longer IPO subscription period also raises eyebrows. Hence risk savvy-cash surplus investors may consider investment at their own risks. Read detail review...

Pavna Industries IPO Prospectus

Pavna Industries IPO Rating

90
3.3
Rating:Rated 3.3 stars
Vote Here ...

Pavna Industries IPO Listing Date

Listing Date Tuesday, March 9, 2021
BSE Script Code
NSE Symbol PAVNAIND
Listing In
ISIN INE07S101020
IPO Price ₹165 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹165.00
Open: ₹165.60
Low: ₹165.05
High: ₹166.50
Last Trade: ₹165.50

Company Contact Information

Pavna Industries Limited
Vimlanchal, Hari Nagar
Aligarh - 202001

Phone: +91 8006409332
Email: info@pavnagroup.com
Website: http://www.pavanagroup.com/

Pavna Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: pavna.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Pavna Industries IPO Review

Pavna Industries IPO Recommendation Summary

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Members 0 0 0

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Pavna Industries IPO FAQs

Pavna Industries IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹29.70 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800 Shares.

The IPO opens on Feb 24, 2021, and closes on Mar 1, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Pavna Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Pavna Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Pavna Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Pavna Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Pavna Industries IPO opens on Feb 24, 2021 and closes on Mar 1, 2021.

Pavna Industries IPO lot size is 800 Shares and the minimum order quantity is .

You can apply in Pavna Industries 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 Pavna Industries IPO will be done on Mar 4, 2021, and the allotted shares will be credited to your demat account by Mar 8, 2021. Check the Pavna Industries IPO allotment status.

The Pavna Industries IPO listing date is on Tuesday, March 9, 2021.
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Pavna Industries IPO Message Board

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8 Comments

5. Rafiq |   Link |Feb 25, 2021 1:02:30 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Koi subscription figure to daalo...
5.1. ICAN |   Link |Feb 25, 2021 3:07:27 PM
it is NIL,
4. BK Prajapati |   Link |Feb 21, 2021 8:24:29 AM
applying in sme ipo is the same like mainstream ipo applying???
dont know much about sme ipo.
4.1. IPOANALYSIS |   Link |Feb 22, 2021 12:32:06 AM
Avoid u will get this stock easily available at same issue price or below issue price.
4.2. RohitArorra |   Link |Feb 24, 2021 10:29:15 PM
It is best to avoid SME ipos or until u have a long vision of 10 yrs of so
3. PrafulJothi |   Link |Feb 20, 2021 9:27:09 AM
Beware of SME ipo ?
2. PrafulJothi |   Link |Feb 20, 2021 8:55:28 AM
Beware of SME ipo ?
1. VMARU |   Link |Feb 19, 2021 3:01:50 PM
Retail investors can apply upto 2 lakhs so the lot size should be structured such a way upto 199000 but this restricts the max retail amount to 135000. Poor decision.