March 9, 2023
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Amanaya Ventures IPO Analysis at Chanakyanipothi.com,
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Amanaya Ventures IPO Guidance:
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Amanaya Ventures IPO Grey Market updates
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Amanaya Ventures IPO Subscription Status
On 28 February 2023 @ 5.00 pm (Closed)
NII: 570000 Shares, 0.77T
RII: 570000 Shares, 2.73T
Total: 1140000 Shares 1.75T
Amanaya Ventures: Company Details
The Company was formed with the objective of promoting SPOT buying and selling of Gold across India. It is bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver and offer wholesale delivery of bullion to domestic users.
The Company is a member of “Indian Bullion and Jewellers Association Ltd” and “Federation of Indian Export Organisations”.It has changed the way the customers buy or sell the gold and silver. It has developed an app Aurel Bullion which is available at the play store which provides digital platform to buy and sell 24k Gold and Silver bars and coins to retail as well as the wholesale customers at a lowest possible price in an easy, simple and a transparent manner.
It has also developed an E-commerce Portal, www.aurelbullion.com specifically for the retail customers in order to enable them to purchase 24k Gold and Silver bars and coins and provide to its B2B and B2C clients the Antique JadauJewellery which is being manufactured at Amritsar, Punjab. Its Product Portfolio offers a mainly 24K Gold and Silver Bars and Coins according to customer specifications and in standard sizes and weights.
Its founder and one of the Promoters viz. Mr. Manan have more than 8 (eight) years of experience in field of trading of Bullion market.
For more information about the company, Click www.amanaya.in
| Amanaya Ventures IPO Details | |
| IPO opens on Tentative | 24 February 2023 |
| IPO closes on | 28 February 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1200000 Sh /Rs 2.76 Cr |
| * Fresh Issue | 1200000 Sh /Rs 2.76 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.23 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 6000 Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 570000 | 1.31 |
| RII (50 %) | 570000 | 1.31 |
| Total Shares | 1140000 | 2.62 |
| Retail portion will be oversubscribed by | 95 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 6000 Sh | Rs. 138000 |
| Max Retail Application | 12000 Sh | Rs. 276000 |
Promoters of the IPO
MR. MANAN MAHAJAN
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
Funding our working capital requirements
| Amanaya Ventures IPO Tentative timetable | |
| IPO opens on | 24 February 2023 |
| IPO Closes on | 28 February 2023 |
| IPO Allotment on | 3 March 2023 |
| Unblocking of ASBA | 6 March 2023 |
| Credit of Shares | 7 March 2023 |
| Listing on | 9 March 2023 |
| Registered Office of the company |
| A/8, Sunvilla Complex, Near Chines Hut Hotel, Dahej, Bypass Road, Bharuch-392001, Gujarat, India. |
| IPO Lead Managers First Overseas Capital Limited |
| Registrar to the IPO |
| Beetal Financial & Computer Services Pvt. Ltd. |
| Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 4.43 | 0.00 | 0.01 | 4.28 |
| 2020-21 | 6.18 | 0.01 | 0.12 | 0.45 |
| 2021-22 | 13.25 | 0.08 | 0.32 | 0.15 |
| Book Value of the Share on | 31.03.2022 | Rs.8.27 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 23 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 72 |
| Upper price/BV Ratio | 2.78 |
| Upper price/BV after IPO | |
Peer Comparison:
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 4.81 | 71.87 |
| GRP Ltd | 10 | 160.71 | |
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