Navoday Enterprises IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the Navoday Enterprises IPO release date, IPO offer price, subscription, Navoday Enterprises 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 20 |
| Listing At | BSE SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Jun 24, 2021 |
| Offer for Sale | Rs Lakhs |
| Net Issue | Rs 436.80 Lakhs |
| IPO Size | Rs 460.80 Lakhs |
| Tick Size | NA |
Navoday Enterprises IPO is listed at Rs.10 premium. Check out the live share price by clicking on the below link.
Navoday Enterprises IPO – Summary
Their business is diversified and they are primarily engaged into three arenas – Marketing support and advertising services, Management and Financial Consultancy services Component supply and support services to manufacturers of packaging and allied machines
The Promoters of this company are ANAND V. MODE AND SYNEMATIC MEDIA AND CONSULTING PRIVATE LIMITED. The lead manager to the issue is INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED, and the Registrar to this issue is SATELLITE CORPORATE SERVICES PRIVATE LIMITED.
Navoday Enterprises IPO Date
The opening and the closing date of the IPO of Navoday Enterprises Limited are Jun 14, 2021, and Jun 17, 2021, respectively.
Navoday Enterprises Limited IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14 Jun | 0.19x | 0.85x | 0.52x |
| 2nd Day – 15 Jun | 0.23x | 2.05x | 1.14x |
| 3rd Day – 16 Jun | 0.27x | 3.08x | 1.68x |
| 4th Day – 17 Jun | 0.29x | 4.44x | 2.36x |
| Shares Offered or Net Issue | 1,092,000 | 1,092,000 | 2,184,000 |
The shares subscribed by the public will be updated here.
Navoday Enterprises Limited 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.
Navoday Enterprises Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jun 21, 2021 |
| Refunds Initiation | Jun 22, 2021 |
| Credit of Shares to Demat Account | Jun 23, 2021 |
| Share Listing Date | Jun 24, 2021 |
Navoday Enterprises IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.20
Navoday Enterprises IPO Equity Size
This Public Issue of 23,04,000 Equity Shares of Rs.10 each for cash at a price of Rs.20 per equity share aggregating to Rs.460.80 lakhs.
Navoday Enterprises IPO Share Offering
Net Issue: The Issue (excluding the Market Maker Reservation Portion) of 21,84,000 Equity Shares, aggregating to Rs.436.80 lakhs,
Issue Size: 23,04,000 Equity Shares of Rs.10 each, aggregating to Rs.460.80 lakhs
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Navoday Enterprises IPO – Live Performance
The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.
Navoday Enterprises IPO Grey Market Premium
The Navoday Enterprises Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Navoday Enterprises IPO – Company Overview
They treat marketing and advertising as fundamental to business strategy and revenue management. They provide Outdoor, Print, Ground events/activations and digital marketing.
Their primary offering is in outdoor or out-of-home media company also known as OOH advertising. Their offering of outdoor media includes advertising on hoardings, billboards on roads, highways, streets, lamp post boards, mobile sign trucks, kiosks, traffic booths, etc.
They are primarily focused on small and mid sizes enterprises (SMEs). They provide integrated solutions to their clients which includes management consultancy including market research, strategy, operations, and process. Their consultancy also includes crucial aspects like corporate finance, working capital finance, project finance, and financial restructuring to corporate.
They supply critical components to manufacturers of packaging and allied machines. They are also the service provider of Packaging Machine Consultancy Service to their customers. The company provides guidance to their clients about machinery and how to install it and how to use it. They guide the management of the machines to their clients.
Navoday Enterprises IPO Business Verticals
Their business is diversified and they are primarily engaged in the below verticals:
1. Marketing support and advertising services.
2. Management and Financial Consultancy services
3. Component supply and support services to manufacturers of packaging and allied machines
Navoday Enterprises 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 & lakhs) | |||
| 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 1,378.57 | 513.12 | 531.14 |
| Total Revenue | 4,827.24 | 1,651.70 | 2,311.96 |
| Total Expense | 4,690.22 | 1,572.62 | 2,205.58 |
| Profit After Tax | 112.77 | 35.07 | 55.67 |
Earnings per Equity Share (in lakhs)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 7.28 | 2.26 | 3.59 |
PAT increased from Rs.35.07 lakhs for FY 2019 to Rs.112.77 lakhs in FY 2020. This increase was mainly due to an increase in revenue from operations and other seasons as detailed above. During FY 2020, their Company recorded a PAT margin of 2.34% against 2.12% for FY 2019.
Navoday Enterprises Limited IPO – Promoters
The Promoters of this company are:
- ANAND V. MODE
- SYNEMATIC MEDIA AND CONSULTING PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Rajatmohan Sinha, Chief Financial Officer
- Sonali Jain, Company Secretary, and Compliance Officer
Competitive Strengths of Navoday Enterprises Limited
- Outdoor Media
- Focus on the client’s brand
- Multiple Media Products
- Bouquet of management consultancy services
- Knowledge of Multiple Financing Options
- Quality
Navoday Enterprises Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 23,04,000 Equity Shares aggregating up to Rs.6,000 lakhs |
| of which: | |
| Market Maker Reservation Portion | 1,20,000 Equity Shares aggregating up to Rs.24.00 lakhs |
| Net Issue to the Public | 21,84,000 Equity Shares aggregating up to Rs.436.80 lakhs |
| Of which: | |
| QIB Portion | 10,92,000 Equity Shares, aggregating Rs.218.40 lakhs available for allocation to Retail Individual Investors |
| Retail Investors Portion | 10,92,000 Equity Shares, aggregating Rs.218.40 lakhs available for allocation to Other Investors |
| Equity Shares outstanding prior to the Issue | 15,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 38,54,000 Equity Shares |
Navoday Enterprises IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Meeting Additional Working Capital Requirements, and
2. General Corporate Purpose
Business strategies of Navoday Enterprises Limited
- Increase the number of Client Relationships
- Enhancing their geographical base
- Competitive Pricing
Navoday Enterprises Limited IPO – Basis of the 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:
- Outdoor Media
- Focus on the client’s brand
- Multiple Media Products
- Bouquet of management consultancy services
- Knowledge of Multiple Financing Options
- Quality
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 7.28 | 39.26 | – |
| 31-Mar-19 | 2.26 | 20.10 | – |
| 31-Mar-18 | 3.59 | 39.94 | 18.53 |
Navoday Enterprises IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
| Navoday Enterprises Limited*** | 10 | 2.75 | 7.28 | 39.26 | 18.53 |
| Listed Peers | |||||
| Pressman Advertising Limited | 2 | 7.53 | 2.28 | 13 | 17 |
| Hi-Klass Trading and Investment Ltd | 10 | 115.04 | 0.05 | 0.32** | – |
| VLS Finance Limited | 10 | 6.71 | 8.40 | 2 | 452 |
Navoday Enterprises IPO Lead Managers
| Lead Managers |
| INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED 2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End), Western Express Highway, Andheri (East) Mumbai – 400 069 Tel No: +91 22 4075 1500 Fax No: +91 22 4075 1511 Email: sme.ipo@inventuremerchantbanker.com Investor Grievance Email: redressal@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com SEBI Registration No: INM000012003 Contact Person: Sabya Sarkar |
Navoday Enterprises IPO Registrar to offer
| Registrar to the Offer |
| SATELLITE CORPORATE SERVICES PRIVATE LIMITED Unit. No 49, Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd, Off Andheri Kurla Road, MTNL Lane, Saki Naka, Mumbai – 400 072, Maharashtra, India. Tel. : +91-22- 28520461/462 Fax:+91-22- 28511809 Email Id: service@satellitecorporate.com Website:www.satellitecorporate.com SEBI Registration No: INR000003639 Contact Person: Mr. Michael Monteiro |
Navoday Enterprises IPO – Other Details
- Statutory Auditor – M/s. Chaudhary Chaudhary & Co.,
- Legal Counsel to the Company – DRC Legal & Associates
- Bankers to the Company – DCB Bank Limited
Navoday Enterprises Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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