Nanavati Ventures Nanavati Ventures was incorporated on August 10, 2010. The Company is engaged in the business of trading diamonds since the day of incorporation. The company procures the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstones are done by skilled workers on a job-work basis.
| Bidding Dates |
|---|
| 25 Apr 2022 - 27 Apr 2022 |
| Subscription |
|---|
| 32.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,50,000 | 1 | 1 | 3000 | 436.0 K | ₹50 | 73.51 % | ₹21.8 M | RHP DOC |
Nanavati Ventures IPO SUBSCRIPTION STATUS
27 Apr '22Nanavati Ventures IPO overall subscription rate was 32.52 times the total available shares
Nanavati Ventures IPO retail subscription rate was 51.17 times in the retail segment
Nanavati Ventures IPO non-institutional investor subscription rate was 13.86 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Apr 2022 (Day 2) | 28x | 0.57x | - |
27 Apr 2022 (Day 3) | 51.17x | 13.86x | - |
25 Apr 2022 (Day 1) | 11.58x | 0.06x | - |
Nanavati Ventures 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) |
| 9MFY22 | 0.998 | 104.213 | 0.45 | 0.28 |
| FY21 | 1.197 | 112.415 | 61.58 | 61.23 |
| FY20 | 0.539 | 59.51 | 2.76 | 2.55 |
| FY19 | 0.003 | 5.543 | 0.11 | 0.11 |
Nanavati Ventures IPO SUBSCRIPTION STATUS DETAILS
Nanavati Ventures had 436.0 K shares on offer
Nanavati Ventures IPO offer price was ₹50.02
Nanavati Ventures IPO minimum Investment was ₹150000
Nanavati Ventures IPO issue size was ₹ 21.8 M
Nanavati Ventures had a minimum lot size of 3000 Shares per application
Nanavati Ventures NUMBER OF SHARES ON OFFER
Nanavati Ventures IPO IMPORTANT DATES
| Issue Open Date | 25 Apr 2022 |
| Issue close Date | 27 Apr 2022 |
| Allotment Date | 02 May 2022 |
| Refund Date | 04 May 2022 |
| Demat Account Credit Date | 05 May 2022 |
| Listing Date | 06 May 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Nanavati Ventures Allotment Status | Exchange |
Nanavati Ventures IPO subscription opened on 25 Apr 2022, and closed on 27 Apr 2022
IPO allotment for Nanavati Ventures was finalized on Monday, 02 May 2022
IPO listing for Nanavati Ventures was on NSE and BSE on Friday, 06 May 2022
Nanavati Ventures IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 50.0 |
| Listing Close Price | 50.3 |
| Listing Gain% | -0.0% |
| Current Gain% | 78.9% |
Nanavati Ventures Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nanavati Ventures Ltd. | 89.5 | 14.7 | 571 | -6.4 | 0.8 | 0.3 | 0.2 | 18.7 | 109.5 | 0.1 | -68.5 | 0.2 | -88.9 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Nanavati Ventures INFORMATION ON IPO ISSUE
About Nanavati Ventures
Nanavati Ventures Nanavati Ventures was incorporated on August 10, 2010. The Company is engaged in the business of trading diamonds since the day of incorporation. The company procures the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstones are done by skilled workers on a job-work basis.
Object of the Issue
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purpose
Nanavati Ventures - PROMOTERS
| Name |
|---|
| Shreykumar Hasmukhbhai Sheth |
| Kashmira Hemantkumar Nanavati |
| Vaishnavi Hemantkumar Nanavati |
Nanavati Ventures Lead Manager of the Issue
First Overseas Capital
satish@focl.in
Nanavati Ventures Registrar to the issue
Kfin Technologies
nvl.ipo@kfintech.com
Nanavati Ventures Strengths
Established brand
The established brand.
Expert management
Management and Employee expertise.
Existing distribution and sales networks
Existing distribution and sales networks in the domestic market and our geographical benefit. Quality products.
Nanavati Ventures Risks
Dependent on diamond prices
A decrease in the availability or an increase in the price of diamonds may make it difficult for the company to procure enough diamonds at competitive prices to supply the customers.
No inusrance coverage
The company has not covered itself with any insurance coverage
Dependent on few products
The company's revenue is significantly dependent upon sales of a few products
IPO FAQs
The promoters of the company are Shreykumar Hasmukhbhai Sheth, Kashmira Hemantkumar Nanavati and Vaishnavi Hemantkumar Nanavati.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 50.0 - 50.0.
The IPO application opens on Apr 25, 2022 and closes on Apr 27, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on May 02, 2022.
The refund will be credited to your account on May 04, 2022.
The allotted shares will be credited to your demat on May 05, 2022.
Nanavati Ventures Ltd.’s shares listed on the stock exchanges on May 06, 2022.