Nandan Terry IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Let’s have a detailed review of the company and analytics of the Nandan Terry IPO release date, IPO offer price, subscription, Nandan Terry Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Price Band||Rs [●]|
|Listing At||BSE, NSE|
|Min. Order Quantity||NA|
|Offer for Sale||Rs Lakh|
|Fresh Issue||Rs Lakh|
|IPO Size||Rs 25,496.17 Lakh|
Nandan Terry IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Nandan Terry IPO – Summary
Their Company is part of the Ahmedabad based Chiripal Group, which enjoys a presence in industries such as textiles, education, real estate, packaging, and chemicals and offers a wide spectrum of manufacturing, contract manufacturing, trading, distribution, and service-related activities in sectors like textiles, education, packaging, infrastructure, petrochemical, etc.
Their Company was incorporated in 2015 and has emerged as a fully vertically integrated company engaged in principle business of manufacturing terry towels & toweling products.
The Promoter of this company is VEDPRAKASH CHIRIPAL, BRIJMOHAN D CHIRIPAL, CHIRIPAL EXIM LLP, AND DEVKINANDAN CORPORATION LLP. The lead manager to the issue is HOLANI CONSULTANTS PRIVATE LIMITED and BOI MERCHANT BANKERS LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Nandan Terry IPO Date
The opening and the closing date of the Nandan Terry IPO are not available yet.
Nandan Terry IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated here.
Check Nandan Terry IPO LIVE Subscription
- Nandan Terry IPO LIVE Bid details on BSE
- Nandan Terry IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Nandan Terry 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.
Nandan Terry Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||–|
|Credit of Shares to Demat Account||–|
|Share Listing Date||–|
Nandan Terry IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Nandan Terry IPO Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.25,496.17 Lakh.
Nandan Terry IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.25,496.17 Lakh
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Nandan Terry IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Nandan Terry Share Price|
Nandan Terry IPO Grey Market Premium
The Nandan Terry Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Nandan Terry IPO – Company Overview
They procure cotton bales from domestic and international markets and manufacture cotton yarn which is in turn used as a raw material in the manufacturing of terry towels & toweling products. To meet the demand in the market, they get finished towels / woven fabric manufactured on an outsourced basis which further undergoes CSP (Cutting, Stitching, Packing) process at their unit.
Apart from manufacturing terry towels & toweling products, they sell cotton yarn manufactured at out units at times to achieve better sales realizations. Additionally, they sell woven fabric cloth in the open market which is manufactured at their units as per the demand scenario prevailing in the industry. Moreover, all their five (5) manufacturing units and facilities are situated in the state of Gujarat, India, and cater to the manufacturing of terry towels & toweling products in business – to – business (B2B) segment.
Their Company designs and manufactures a wide portfolio of terry towels & toweling products for various domestic and international brands. Their Company also has an in-house research and design facility to cater to all kinds of designs and trends as per customers’ needs.
Nandan Terry strict compliance with the internal quality control and international standards of quality has enabled them to expand their sales internationally to countries including the United States of America, Canada, Israel, Germany, Hong Kong, Sweden, United Kingdom, Australia, etc
Nandan Terry 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:
|Amount (in INR & Lakh)|
|Profit After Tax||3062.02||2337.74||122.40||(50.41)|
Earnings per Equity Share (in Lakh)
|Basic & Diluted||6.69||5.11||0.27||(0.11)|
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 2337.74 Lakh, Rs. 122.40 Lakh, and Rs. (50.41) Lakh respectively.
Nandan Terry IPO – Promoters
The Promoter of this company is:
- VEDPRAKASH CHIRIPAL,
- BRIJMOHAN D CHIRIPAL,
- CHIRIPAL EXIM LLP
- DEVKINANDAN CORPORATION LLP
List of Related Parties (Key Managerial Personnel)
- Vedprakash Chiripal, Chairman and Non-Executive Director
- Brijmohan D Chiripal, Managing Director
- Vipin Chandra Rajput, Whole Time Director
- Susanta Kumar Panda, Independent Director
- Dhara Shah, Independent Director
- Debdatta Nandwani, Independent Director
Nandan Terry IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Nandan Terry IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to X Equity Shares aggregating up to Rs.25,496.17 Lakh|
|Issue Reserved for the Market Makers||Up to [●] Equity Shares aggregating up to Rs.[●]|
|Net Issue to the Public||Up to [●] Equity Shares aggregating up to Rs.[●]|
|Retail Investors Portion||Not less than [●] Equity Shares|
|Other than Retail Individual Investors||Not more than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||4,57,62,360 Equity Shares|
|Equity Shares outstanding after the Issue||X Equity Shares|
Nandan Terry IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Part repayment / pre-payment of certain secured loans availed from lenders;
2. Funding the working capital requirements of their Company; and
3. General corporate purposes.
Nandan Terry IPO – Business Strategy
- Enhanced focus on efficiency, cost, and return on capital
- Focus on Value Added Products
- To develop export opportunities for their products
- Maintain and Expand Long-term Relationships with Clients
- Leveraging of their Marketing Skills and Relationships
- Investing in Advanced Technology
Nandan Terry 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:
- Strong Technological Capabilities with vertically integration;
- Strategic location of existing Manufacturing Facilities;
- Strong sales and marketing capabilities; and
- Experienced and Dedicated Management Team
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Nandan Terry IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Total Income (Rs. in Lakhs)|
|Nandan Terry Limited||10||[●]||5.11||19.99||53,894.12|
|Welspun India Ltd||1||26.13||5.37||14.71||7,40,795.40|
|Himatsingka Seide Limited||5||NA||(5.42)||(4.06)||2,27,252.72|
Nandan Terry IPO Lead Managers
HOLANI CONSULTANTS PRIVATE LIMITED
BOI MERCHANT BANKERS LIMITED
Nandan Terry IPO Registrar to offer
|Registrar to the Offer|
|LINK INTIME INDIA PRIVATE LIMITED|
C – 101, 247 Park, 1
st Floor, L.B.S. Marg, Vikhroli (West), Mumbai 400083,
Tel: +91 22 49186200
Fax: +91 22 49186195
Investor Grievance ID: firstname.lastname@example.org
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Nandan Terry IPO – Other Details
- Statutory Auditor – C. N. Somani & Associates, Chartered Accountants
- Legal Counsel to the Company – Chir Amrit Corporate LLP
- Bankers to the Company – Bank of Baroda, Punjab National Bank, State Bank of India, Canara Bank, and Central Bank of India
Nandan Terry IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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Nandan Terry Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Nandan Terry IPO Review FAQs
What is the Issue Size of NandanTerry IPO?
The Company is making an initial public offer of NA 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 net issue.
What is the Price band of NandanTerry IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Nandan Terry IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Terry IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Nandan IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Nandan-Terry IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Nandan-Terry IPO?
Here are the promoters of this IPO – VEDPRAKASH CHIRIPAL, BRIJMOHAN D CHIRIPAL, CHIRIPAL EXIM LLP, AND DEVKINANDAN CORPORATION LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of NandanTerry IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Nandan Terry IPO good for Investment?
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.
What is the PAT of Nandan Terry?
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 2021 in Lakh is 2337.74, 2020 is 122.40, 2019 is (50.41). PAT from Sep 2021 is 3062.02.
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