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Let’s have a detailed review of the company and analytics of the Nanavati Ventures IPO release date, IPO offer price, subscription, Nanavati Ventures Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash PriceRs 50/-
Listing AtBSE SME
Min. Order Quantity3000 Shares
Listing DateMay 6, 2022
Offer for SaleRs Lakh
Net IssueRs 206.00 Lakh
IPO SizeRs 218.00 Lakh
Tick Size1

Nanavati Ventures IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Nanavati Ventures IPO – Summary

Nanavati Ventures IPO

They are engaged in the trading of diamonds majorly in Surat, Gujarat. Their operations include sourcing polished and uncut diamonds from primary and secondary source suppliers in the domestic market and the sale of diamonds to the retail and wholesale operations in Gujarat.

They 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 Promoter of this company is MRS. KASHMIRA HEMANTKUMAR NANAVATI, MR. SHREYKUMAR HASMUKHBHAI SHETH AND MS.VAISHNAVI HEMANTKUMAR NANAVATI. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.


Nanavati Ventures IPO Date

The opening and the closing date of the IPO of Nanavati Ventures Limited are Apr 25, 2022 and Apr 27, 2022 Respectively.

Nanavati Ventures IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 25th April0.06x11.58x5.82x
2nd Day –  26h April0.57x28.00x14.29x
3rd Day – 27th April13.86x51.17x32.52x
Shares Offered or Net Issue206,000206,000412,000

The shares subscribed by the public will be updated here.

Check Nanavati Ventures IPO LIVE Subscription

  • Nanavati Ventures IPO LIVE Bid details on BSE
  • Nanavati Ventures IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Nanavati Ventures IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Nanavati Ventures Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationMay 2, 2022
Refunds InitiationMay 4, 2022
Credit of Shares to Demat AccountMay 5, 2022
Share Listing DateMay 6, 2022

Nanavati Ventures IPO Cash Price

The face value of each share is Rs.10, but the Cash Price of the IPO is Rs.50


Nanavati Ventures IPO Equity Size

This Initial Public Issue of 4,36,000 Equity Shares of Rs.10 each for cash at a price of Rs.50  per equity share aggregating to Rs.218.00 Lakhs.


Nanavati Ventures IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,12,000 equity Shares of Rs.10/ each.

Issue Size: 4,36,000 Equity Shares of Rs.10 each, aggregating to Rs.218.00 Lakh.


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    Nanavati Ventures IPO – Live Performance

    The listing date of this IPO is May 6, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Nanavati Ventures Share Price

    Nanavati Ventures IPO Grey Market Premium

    The Nanavati Ventures Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Nanavati Ventures IPO – Company Overview

    Their Company was engaged in the business of trading diamonds since the day of incorporation. They procure the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone are done by skilled workers on a job-work basis.

    They have independent sales and distribution networks for their products. A substantial majority of their cut and polished diamonds are sold to diamond wholesalers and jewelry manufacturers in the domestic markets. They procure diamonds from suppliers at the domestic level and they believe that they believe that they have a good business association with suppliers.

    They have a centralized procurement policy and generally purchase in large volumes in order to stock. By purchasing in large volumes, they are able to purchase inventory at lower prices than their competitors, which enables them to sell their products at competitive prices.


    Nanavati Ventures IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Dec-2031-Mar-20Mar-1931-Mar-18
    Total Assets750.50286.88186.6211.84
    *Total Revenue779.06595.1055.51107.67
    Total Expense754.64754.6455.46107.63
    Profit After Tax18.285.610.030.02

    Earnings per Equity Share (in Lakh)

    31-Dec-2031-Mar-20Mar-1931-Mar-18
    Basic & Diluted1.7346.710.250.19

     


    Nanavati Ventures IPO – Promoters

    The Promoter of this company is:

    1. MRS. KASHMIRA HEMANTKUMAR NANAVATI,
    2. MR. SHREYKUMAR HASMUKHBHAI SHETH AND
    3. MS. VAISHNAVI HEMANTKUMAR NANAVATI

    List of Related Parties (Key Managerial Personnel)

    • Mr. Shreykumar Hasmukhbhai Sheth, Chairman & Managing Director
    • Mr. Hardikbhai Rajubhai Patel, Non-Executive Independent Director
    • Ms. Vaishnavi Hemantkumar Nanavati, Non-Executive Director
    • Ms. Bhavisha Divyesh Daliya, Non-Executive Independent Director

    Nanavati Ventures IPO – Promoters Holding

    • Pre Issue Share Holding – 71%
    • Pos Issue Share Holding – 52.19%

    Nanavati Ventures IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 4,36,000 Equity Shares aggregating up to Rs. 218.00 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 24,000 Equity Shares aggregating up to Rs.12.00 Lakh
    Net Issue to the PublicUp to 4,12,000 Equity Shares aggregating up to Rs.206.00 Lakh
    Of which:
    Retail Investors Portion Not less than 2,06,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 2,06,000 Equity Shares
     Equity Shares outstanding prior to the Issue12,10,000 Equity Shares
     Equity Shares outstanding after the Issue16,46,000 Equity Shares

    Nanavati Ventures IPO Issue Object

    Their Company proposes to utilise the Net Proceeds towards funding the following objects:

    1. To meet Working Capital requirements
    2. General Corporate Purpose
    3. To meet issue expenses

    Nanavati Ventures IPO – Business Strategy

    • General economic and business conditions in India and other countries
    • Increase in price and material components
    • Fluctuation in other operating costs
    • The ability to retain the customers is heavily dependent upon various factors including their reputation and their ability to maintain a high level of product/Service quality including their satisfactory performance for the customers
    • They operate in a significantly fragmented and competitive market in each of their business segments
    • Regulatory changes relating to the finance and capital market sectors in India and their ability to respond to them
    • Changes in the value of the Rupee and other currencies
    • The occurrence of natural disasters or calamities
    • Increase the use of technology to improve operational efficiency
    • Expanding their customer base
    • Creating awareness to reduce carbon emissions

    Nanavati Ventures IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Their established brand
    • Management and Employee expertise
    • Understand Customer Needs
    • Existing distribution and sales networks in domestic market and their geographical benefit
    • Quality products

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2046.71105.1153.39
    31-Mar-190.25(11.05)(2.73)
    Mar-180.19(7.60)(3.03)

    Nanavati Ventures IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Nanavati Ventures Limited1045.021.73779.06
    Listed Peers
    Narbada Gems and Jewellery Ltd.1015.341.76134.00
    Euro Leder Fashion Limited1039.580.28112.60

    Nanavati Ventures IPO Lead Managers

    Lead Managers
    FIRST OVERSEAS CAPITAL LIMITED
    1-2 Bhupen Chambers, Ground Floor, Dalal Street,
    Mumbai-400 001, Maharashtra, India.
    Tel. No.: +91 22 40509999
    Fax No.: N.A.
    Email: satish@focl.in/ mala@focl.in
    Investor Grievance Email: investorcomplaints@focl.in
    Website: www.focl.in
    Contact Person: Mr. Satish Sheth/ Ms. Mala Soneji
    SEBI Registration No.: INM000003671

    Nanavati Ventures IPO Registrar to offer

    Registrar to the Offer
    KFIN TECHNOLOGIES PRIVATE LIMITED
    Selenium Tower -B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
    Serilingampally, Hyderabad-500 032, Telangana, India.
    Tel. No.: +91 40 6716 2222
    Fax No.: +91 40 2343 1551
    E-mail: nvl.ipo@kfintech.com
    Investor Grievance Email: einward.ris@kfintech.com
    Website: www.kfintech.com
    Contact Person: Mr. M Murali Krishna
    SEBI Registration No.: INR000000221

    Nanavati Ventures IPO – Other Details

    • Statutory Auditor – Kansariwala & Chevli, Chartered Accountants
    • Legal Counsel to the Company – R & J Co.
    • Bankers to the Company –  South Indian Bank.


    Nanavati Ventures IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Nanavati Ventures Limited IPO News

      News 1 – Nanavati Ventures Limited IPO DRHP Download

      News 2 – Nanavati Ventures IPO RHP Download


      Nanavati Ventures IPO Review FAQs

      Ques – What is the Issue Size of Nanavati IPO?

      Answer – The Company is making an initial public offer of 4,36,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      Ques – What is the Cash Price of Nanavati IPO?

      Answer – The Cash Price for this particular IPO, i.e. Nanavati Ventures IPO is Rs 50/- Per Eq Shares. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Nanavati IPO Open Date?

      Answer – The opening and closing dates for Nanavati Ventures IPO have been updated. The IPO is set to open on Apr 25, 2022, while the closing date is set at Apr 27, 2022.

      Ques – What is the Nanavati IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of Nanavati Ventures IPO. Basis of Allotment finalization is on May 2, 2022, refund initiation is on May 4, 2022, credit of shares is on May 5, 2022, and share listing date is on May 6, 2022.

      Ques – What is the Nanavati IPO Listing Date?

      Answer – Shares of Nanavati Ventures shall be listed in the exchanges May 6, 2022. The date, when the listing would be done, is stagnant on May 6, 2022.

      Ques – Who is the Registrar of Nanavati IPO?

      Answer – One of the reputed registrars is managing the issue of Nanavati Ventures IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Nanavati Ventures IPO?

      Answer – Here are the promoters of Nanavati Ventures – MRS. KASHMIRA HEMANTKUMAR NANAVATI, MR. SHREYKUMAR HASMUKHBHAI SHETH AND MS.VAISHNAVI HEMANTKUMAR NANAVATI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is GMP of Nanavati IPO?

      Answer – They have obtained the GMP of Nanavati Ventures IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Nanavati Ventures IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Nanavati Ventures Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 5.61 Lakhs, 2019 is 0.03 Lakhs, 2018 is 0.02 Lakhs. PAT from Dec 2020 is 18.28 Lakhs.


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