Parshva Enterprises Ltd. IPO Details

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Parshva Enterprises was incorporated on July 27, 2017. The company is mainly engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds.

Bidding Dates
19 Jun 2019 - 21 Jun 2019
Subscription
1.2x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,35,000113000810.0 K₹4573.09 %₹36.5 MRHP DOC

Parshva Enterprises IPO SUBSCRIPTION STATUS

21 Jun '19
Total1.2x
Retail Individual Investor0.74x
HNI (NII) Investors1.65x
Qualified Institutional Buyers-

Parshva Enterprises IPO overall subscription rate was 1.2 times the total available shares

Parshva Enterprises IPO retail subscription rate was 0.74 times in the retail segment

Parshva Enterprises IPO non-institutional investor subscription rate was 1.65 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
21 Jun 2019
(Day 3)
0.74x1.65x-
19 Jun 2019
(Day 1)
0.13x0.7x-
20 Jun 2019
(Day 2)
0.45x1.05x-

Parshva Enterprises 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)
FY19 3.0 70.9 -12.0 -13.9
FY18 0.4 47.6 -15.9 -17.4

Parshva Enterprises IPO SUBSCRIPTION STATUS DETAILS

Parshva Enterprises had 810.0 K shares on offer

Parshva Enterprises IPO offer price was ₹45

Parshva Enterprises IPO minimum Investment was ₹135000

Parshva Enterprises IPO issue size was ₹ 36.5 M

Parshva Enterprises had a minimum lot size of 3000 Shares per application

Parshva Enterprises NUMBER OF SHARES ON OFFER

Total810.0 K
Fresh Issue810.0 K
Offer for Sale0
Post Issue Promoter Holding %73.09 %

Parshva Enterprises IPO IMPORTANT DATES

Issue Open Date19 Jun 2019
Issue close Date21 Jun 2019
Allotment Date27 Jun 2019
Refund Date28 Jun 2019
Demat Account Credit Date28 Jun 2019
Listing Date01 Jul 2019
Listing on Exchange(s)BSE
Parshva Enterprises Allotment StatusExchange

Parshva Enterprises IPO subscription opened on 19 Jun 2019, and closed on 21 Jun 2019

IPO allotment for Parshva Enterprises was finalized on Thursday, 27 Jun 2019

IPO listing for Parshva Enterprises was on BSE on Monday, 01 Jul 2019

Parshva Enterprises IPO LISTING GAINS

Issue Price (adjusted)45.0
Listing Open Price45.9
Listing Close Price15.1
Listing Gain%1.9%
Current Gain%275.0%

Parshva Enterprises 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 %
Parshva Enterprises Ltd.168.850.8673.835.26.92.41.924.8-0.10.337.70.319.1
Adani Enterprises Ltd.3020408730.254.93.33.711.53.6102943.22.69339.531.65516.7
Redington Ltd.354.827741.316.340.214.74.4119347.419.91490.2-7.121.84.1
Lloyds Enterprises Ltd.83.512611.644.50.17.26.83.92183.739283.4396.51.9396.5
Swan Corp Ltd.308965635.2-0.62.23.625143.5-25.3274.1-63.78.7-63.7
MMTC Ltd.64959724.80.12814.418.313.8180.6-31.3387.4347.22.6347.2

Parshva Enterprises INFORMATION ON IPO ISSUE

About Parshva Enterprises

Parshva Enterprises was incorporated on July 27, 2017. The company is mainly engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds.

Object of the Issue

  1. Meeting additional working capital requirements

Parshva Enterprises - PROMOTERS

Name
Prashant A Vora

Parshva Enterprises Lead Manager

Inventure Merchant Banker Services Private Limited

sme.ipo@inventuremerchantbanker.com

Parshva Enterprises Registrar to the Offer

Bigshare Services Private Limited

ipo@bigshareonline.com

Parshva Enterprises Strengths

Quality

The company is dedicated to the quality of products that satisfies the need of the customers and the quality standards prescribed by them

Strength

Multiple products

The company sells diamonds of multiple categories, different shape, size, cut and fancy colour

Strength

Parshva Enterprises Risks

Negative cash flow

The company had negative cash flow in recent fiscals and sustained negative cash flow could adversely impact business, financial condition and results of operation

Risk

Limited operating history

Promoter has a limited history of operating in the gems and jewelry industry and real estate industry

Risk

IPO FAQs

  • Parshva Enterprises Ltd. IPO listing opened at Rs 45.85 while the issue price was Rs 45.00 giving 1.89% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 45.00 giving 275.00% gains since its IPO listing.

  • The promoter of the company is Prashant A Vora.

  • 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 45.0 - 45.0.

  • The IPO application opens on Jun 19, 2019 and closes on Jun 21, 2019.

  • 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. 135,000.0, the maximum value for this IPO is Rs 135,000.0.

  • This IPO will be allotted on Jun 27, 2019.

  • The refund will be credited to your account on Jun 28, 2019.

  • The allotted shares will be credited to your demat on Jun 28, 2019.

  • Parshva Enterprises Ltd.’s shares listed on the stock exchanges on Jul 01, 2019.