SME IPO: Nanavati Ventures Limited 

Grey Market Trend News :
On 28 April 2022
Subject to Rates# :  nil
GMP Rates :  – nil
Past Trend details at the bottom

Subscription Trend on 27 April 2022 @ 5.00 pm
NII (50%) 206,000 Sh : 13.86 T
RII (50%) 206,000 Sh : 51.17 T
Tot 412,000 Sh : 32.52 T

Nanavati Ventures IPO Details
IPO Opens on  Apr 25, 2022
IPO Closes on  Apr 27, 2022
Issue Type Fixed Price Issue IPO
Face Value  Rs 10 per equity share
IPO Price Rs 50 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size 436,000 Eq Shares of ?10
(aggregating up to Rs 2.18 Cr)
Fresh Issue 436,000 Eq Shares of Rs 10
(aggregating up to Rs2.18 Cr)
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Net IPO size  Rs. 2.06 Crore/ 412,000 Shares
Retail Quota : 50 % ( net  206,000 Shares)
Price Band ( FV Rs. 10) of Rs. 10

Retail Min Application : 3000 Shares/ Rs. 150,000
Retail Max Application : 3000 Shares/ Rs. 150,000
Retail : 69 Applications required for one time subscriptions.

IPO Timetable ( Tentative)
Basis of Allotment Date May 2, 2022
Initiation of Refunds May 4, 2022
Credit of Shares to Demat Account May 5, 2022
Tentative Listing Date May 6, 2022

Business :

Nanavati Ventures is engaged in trading of diamonds majorly in Surat, Gujarat. Our operations include sourcing of polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in Gujarat. It primarily sell diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers.

The Company was engaged into the business of trading of diamonds since the day of incorporation. It procure the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone is done by skilled workers on job-work basis.
It has independent sales and distribution networks for its products. A substantial majority of our cut and
polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic markets. It has a centralised procurement policy and generally purchase in large volumes in
order to stock. Click http://www.nventures.co.in/

Promoters:

Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati

Objects of the Issue:

To meet the working capital requirements of the company.

Registered office :

Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore, Navsari 396445
Company Secretary and Compliance Officer: Mr. Pankaj Valjibhai Pandav

Lead Manager:

First Overseas Capital Limited

Observations & Guidance by Paresh Gordhandas ( Research Analyst) : 

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20,Rs 44.90
Earnings per Share 2020-21 Rs 99.67
Earnings per Share 2021-22 9M Rs 0.95
Return on Net Worth: 19-20 105.41 %
Return on Net Worth: 20-21: 1.94 %
Return on Net Worth: 21-22 9M : 1.59 %
Book Value of the Share as on 31.12.21 Rs 51.82
Book Value of the Share after the IPO Rs 42.02

IPO Peer Comparison:
Narbada Gems and Jewellery @ PE Multiple of 23.89
Tribhovandas Bhimji Zaveri @ PE Multiple of 20.69

Observation by Paresh Gordhandas ( Research Analyst )
The business in which the company operates has tough competition .

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