Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions.
| Bidding Dates |
|---|
| 24 Feb 2021 - 01 Mar 2021 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 800 | 1.8 M | ₹165 | 70.45 % | ₹297.0 M | RHP DOC |
Pavna Industries issue details
Pavna Industries had 1.8 M shares on offer
Pavna Industries IPO offer price was ₹165
Pavna Industries IPO minimum Investment was ₹132000
Pavna Industries IPO issue size was ₹ 297.0 M
Pavna Industries had a minimum lot size of 800 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors |
|---|---|---|
| Category Reservation | 50% | 50% |
Pavna Industries IMPORTANT IPO DATES
| Issue Open Date | 24 Feb 2021 |
| Issue close Date | 01 Mar 2021 |
| Allotment Date | 04 Mar 2021 |
| Refund Date | 05 Mar 2021 |
| Demat Account Credit Date | 08 Mar 2021 |
| Listing Date | 09 Mar 2021 |
| Listing on Exchange(s) | NSE |
Pavna Industries IPO subscription opened on 24 Feb 2021, and closed on 01 Mar 2021
IPO allotment for Pavna Industries was finalized on Thursday, 04 Mar 2021
IPO listing for Pavna Industries was on NSE on Tuesday, 09 Mar 2021
Pavna Industries NUMBER OF SHARES ON OFFER
Pavna Industries IPO LISTING GAINS
| Issue Price (adjusted) | 8.3 |
| Listing Open Price | 165.6 |
| Listing Close Price | 165.5 |
| Listing Gain% | 0.4% |
| Current Gain% | 121.9% |
Pavna Industries 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) |
| 6MFY21 | 4.0 | 680.3 | -27.7 | -77.4 |
| FY20 | 42.9 | 1,796.9 | -53.7 | -303.6 |
Pavna Industries 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pavna Industries Ltd. | 18.3 | 11.2 | 55.8 | -1.5 | 0.9 | 2.2 | 1.2 | 299.6 | -3.4 | 4.6 | -37.5 | 0.3 | -37.9 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Pavna Industries INFORMATION ON IPO ISSUE
About Pavna Industries
Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions.
Object of the Issue
1.To make partial repayment of loans.
2.To meet general corporate purposes.
Pavna Industries - PROMOTERS
| Name |
|---|
| Swapnil Jain |
| Asha Jain |
Pavna Industries Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Pavna Industries Registrar to the Offer
Link Intime India Private Limited
pavna.ipo@linkintime.co.in
Pavna Industries Strengths
Well established manufacturing facility
The facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of OEM customers
Quality standards and ISO certified organisation
The company constantly strives to improve industrial processes at every step in the production chain.
Diversified product portfolio
The diversified product portfolio caters to different automotive segments
Pavna Industries Risks
Reliance on third parties
The company relies on third parties for job work/ contract labour and manpower required for the manufacture of its products, as well as for performance of certain functions and services carried out
Dependent upon limited number of customers
Substantial portion of revenues has been dependent upon limited number of customers and the company does not have firm commitment supply agreements with its customers
IPO FAQs
Pavna Industries Ltd. IPO listing opened at Rs 165.60 while the issue price was Rs 165.00 giving 0.36% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 8.25 giving 121.94% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 14.8 crore, of 897,600 shares. It also consists of a fresh issue of Rs 14.9 crore.
The promoters of the company are Swapnil Jain and Asha Jain.
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 165.0 - 165.0.
The IPO application opens on Feb 24, 2021 and closes on Mar 01, 2021.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Mar 04, 2021.
The refund will be credited to your account on Mar 05, 2021.
The allotted shares will be credited to your demat on Mar 08, 2021.
Pavna Industries Ltd.’s shares listed on the stock exchanges on Mar 09, 2021.