Naman In-Store (India) Ltd. logo

Naman In-Store (India) was incorporated on July, 23, 2010. It is a display and retail furniture & fixture company with a broad spectrum of offerings and in-store solutions to various industries and retail stores. Further, it manufactures modular furniture for offices, beauty stores, low-housing kitchens, educational institutions, as well as supermarket shelving solutions

Bidding Dates
22 Mar 2024 - 27 Mar 2024
Subscription
287.49x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹134,4001116002.8 M₹84 - ₹8973 %₹239.2 M - ₹253.5 MRHP DOC

Naman In-Store IPO SUBSCRIPTION STATUS

27 Mar '24
Total287.49x
Retail Individual Investor436.87x
HNI (NII) Investors702.96x
Qualified Institutional Buyers58.28x

Naman In-Store IPO overall subscription rate was 287.49 times the total available shares

Naman In-Store IPO retail subscription rate was 436.87 times in the retail segment

Naman In-Store IPO non-institutional investor subscription rate was 702.96 times in the non-institutional investor category

Naman In-Store IPO Qualified Institutional Bidder subscription rate was 58.28 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
27 Mar 2024
(Day 3)
436.87x702.96x58.28x
26 Mar 2024
(Day 2)
137.36x97.33x4.7x
22 Mar 2024
(Day 1)
30.19x18.73x2.55x

Naman In-Store FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
H1FY24 61.9 792.2 67.8 34.3 15.7%
FY23 38.2 1,498.5 -8.9 -75.6 7.2%
FY22 2.1 509.9 -40.1 -76.0 5.7%
FY21 0.5 133.8 -39.4 -102.2 5.7%

Naman In-Store IPO SUBSCRIPTION STATUS DETAILS

Naman In-Store had 2.8 M shares on offer

Naman In-Store IPO offer price was in the range ₹84 - ₹89

Naman In-Store IPO minimum Investment was ₹134400

Naman In-Store IPO issue size was ₹ 239.2 M - ₹ 253.5 M

Naman In-Store had a minimum lot size of 1600 Shares per application

Naman In-Store NUMBER OF SHARES ON OFFER

Total2.8 M
Fresh Issue2.8 M
Offer for Sale0
Post Issue Promoter Holding %73 %

Naman In-Store IPO IMPORTANT DATES

Issue Open Date22 Mar 2024
Issue close Date27 Mar 2024
Allotment Date28 Mar 2024
Refund Date28 Mar 2024
Demat Account Credit Date01 Apr 2024
Listing Date02 Apr 2024
Listing on Exchange(s)NSE
Naman In-Store Allotment StatusExchange

Naman In-Store IPO subscription opened on 22 Mar 2024, and closed on 27 Mar 2024

IPO allotment for Naman In-Store was finalized on Thursday, 28 Mar 2024

IPO listing for Naman In-Store was on NSE on Tuesday, 02 Apr 2024

Naman In-Store IPO LISTING GAINS

Issue Price (adjusted)89.0
Listing Open Price125.0
Listing Close Price118.8
Listing Gain%40.5%
Current Gain%-54.5%

Naman In-Store Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Naman Industries Proxima Ltd.40.542.7-23.20.20.3-3-1.9144.3-8.2-2.3-136.3-1.7-129.3
International Gemological Institute Ltd.397.817189.225.80.911.847.838.31661.952.7711.266.415.430.3
Indiabulls Ltd.30.27036.316.806.48.96.6880.8172602273.9501.61.8739.2
SIS Ltd.369.25218.735.60.10.35.41.816030.120.9137.81069.110.4261.6
Network People Services Technologies Ltd.16003338.281.83.615.39.38209.415.940.8-9.719.622.4
eMudhra Ltd.339.92814.824.513.811.88.9713.235.1107.827.413.925.5

Naman In-Store INFORMATION ON IPO ISSUE

About Naman In-Store

Naman In-Store (India) was incorporated on July, 23, 2010. It is a display and retail furniture & fixture company with a broad spectrum of offerings and in-store solutions to various industries and retail stores. Further, it manufactures modular furniture for offices, beauty stores, low-housing kitchens, educational institutions, as well as supermarket shelving solutions

Object of the Issue

  1. Funding capital expenditure of the company to acquire land on a leasehold basis at Butibori, MIDC, and proposes to shift the existing manufacturing facilities of the company.
  2. Construction of factory building.
  3. General corporate purposes.

Naman In-Store - PROMOTERS

Name
Raju Paleja
Bhavika Paleja
Jay Shah
Mehul Naik
Abdul Shahid Shaikh

Naman In-Store Lead Manager of the Issue

GYR Capital Advisors Private Limited

info@gyrcapitaladvisors.com

Naman In-Store Registrar to the issue

Bigshare Services Private Limited

ipo@bigshareonline.com

Naman In-Store Strengths

Compliance with quality standards

The company has received ISO 9001, 14001, and OHSAS 18001 certifications for the quality of its products. Further, it has also received a UK compliance certificate for its quality system

Strength

Integrated manufacturing facilities

The company provides one-stop solutions to customers as per their requirement. It maintains the requisite infrastructure and technological upgrades for the smooth running of the manufacturing process as well as to cope with the changing market demand situation

Strength

Client relationship

On-time delivery and quality products help the company maintain a strong relationship with customers and also give it competitive strength against its peers

Strength

Naman In-Store Risks

Certain litigation and claims

One of the company's directors is party to certain litigation and claims. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the reputation, business, and financial status

Risk

Negative cash flow

The company has experienced negative cash flow in recent fiscal years. Sustained negative cash flow could adversely impact the business, financial condition, and results of operations

Risk

Faces competition

The company faces competition in its business from domestic competitors. Such competition could have an adverse impact on the business and financial performance

Risk

IPO FAQs

  • The promoters of the company are Raju Paleja, Bhavika Paleja, Jay Shah, Mehul Naik and Abdul Shahid Shaikh.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 84.0 - 89.0.
  • The IPO application opens on Mar 22, 2024 and closes on Mar 27, 2024.
  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
  • For all category investors, the minimum application amount for this IPO is Rs. 134,400.0, the maximum value for this IPO is Rs 142,400.0.
  • This IPO will be allotted on Mar 28, 2024.
  • The refund will be credited to your account on Mar 28, 2024.
  • The allotted shares will be credited to your demat on Apr 01, 2024.
  • Naman In-Store (India) Ltd.’s shares listed on the stock exchanges on Apr 02, 2024.