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Pavna Industries Limited IPO (Pavna Industries IPO) Detail

February 24, 2021 - March 1, 2021

Pavna Industries IPO is a fixed price issue of Rs 29.70 crores. The issue is a combination of fresh issue of 9.02 lakh shares aggregating to Rs 14.89 crores and offer for sale of 8.98 lakh shares aggregating to Rs 14.81 crores.

Pavna Industries IPO bidding started from February 24, 2021 and ended on March 1, 2021. The allotment for Pavna Industries IPO was finalized on Thursday, March 4, 2021. The shares got listed on NSE SME on March 9, 2021.

Pavna Industries IPO price is ₹165 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹132,000.

Aryaman Financial Services Limited is the book running lead manager of the Pavna Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Pavna Industries IPO RHP for detailed information.

Pavna Industries IPO Details

IPO Date February 24, 2021 to March 1, 2021
Listing Date March 9, 2021
Face Value ₹10 per share
Price ₹165 per share
Lot Size 800 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹29.70 Cr)
Fresh Issue902,400 shares
(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
Market Maker portion96 shares

Pavna Industries IPO Reservation

Pavna Industries IPO offers 1,704,096 shares. 852,000 (50.00%) to NII, 852,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96 (0.01%)
Other Shares Offered852,000 (50.00%)
Retail Shares Offered852,000 (50.00%)
Total Shares Offered1,704,096 (100%)

Pavna Industries IPO Timeline (Tentative Schedule)

Pavna Industries IPO opens on February 24, 2021, and closes on March 1, 2021.

IPO Open Date Wednesday, February 24, 2021
IPO Close Date Monday, March 1, 2021
Basis of Allotment Thursday, March 4, 2021
Initiation of Refunds Friday, March 5, 2021
Credit of Shares to Demat Monday, March 8, 2021
Listing Date Tuesday, March 9, 2021
Cut-off time for UPI mandate confirmation 5 PM on March 1, 2021

Pavna Industries IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Pavna Industries IPO Promoter Holding

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

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

About Pavna Industries Limited

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 (Pavna Industries IPO Objectives)

The IPO aims to raise money for the following purposes;

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

Pavna Industries IPO Review (May apply)

[Dilip Davda]  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

Rating:Rated 3.3 stars
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Pavna Industries IPO Listing Details

Listing Date March 9, 2021
BSE Script Code
ISIN INE07S101020
Final Issue Price ₹165 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Pavna Industries Limited Contact Details

Pavna Industries Limited
Vimlanchal, Hari Nagar
Aligarh - 202001

Phone: +91 8006409332

Pavna Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Pavna Industries IPO - Buy or Not

Pavna Industries IPO Recommendation Summary

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Brokers 1 0 0
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 February 24, 2021, and closes on March 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 February 24, 2021 and closes on March 1, 2021.

Pavna Industries IPO lot size is 800 Shares, and the minimum amount required is ₹132,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Pavna Industries IPO will be done on Thursday, March 4, 2021, and the allotted shares will be credited to your demat account by Monday, March 8, 2021. Check the Pavna Industries IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



5. Rafiq |   Link |  Bookmark |February 25, 2021 1:02:30 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Koi subscription figure to daalo...
5.1. ICAN |   Link |  Bookmark |February 25, 2021 3:07:27 PM
it is NIL,
4. BK Prajapati |   Link |  Bookmark |February 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 |  Bookmark |February 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 |  Bookmark |February 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 |  Bookmark |February 20, 2021 9:27:09 AM
Beware of SME ipo ?
2. PrafulJothi |   Link |  Bookmark |February 20, 2021 8:55:28 AM
Beware of SME ipo ?
1. VMARU |   Link |  Bookmark |February 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.