Navoday Enterprises IPO – Review, Allotment, Subscription, GMP & DRHP

Let’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 ValueRs 10
Price BandRs 20
Listing AtBSE SME
Min. Order QuantityNA
Listing Date NA
Offer for SaleRs Lakhs
Net IssueRs 436.80 Lakhs
IPO SizeRs 460.80 Lakhs
Tick SizeNA

Navoday Enterprises IPO is listed at Rs.10 premium. Check out the live share price by clicking on the below link.

Navoday Enterprises Share Price – Live Performance

Navoday Enterprises IPO – Summary

Navoday Enterprises IPO

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 IPO of Navoday Enterprises Limited is not available yet.


Navoday Enterprises Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

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


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.

Live IPO Performance – Navoday Enterprises Share Price

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 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 road, highways, streets, lamp post boards, mobile sign trucks, kiosks, traffic booth 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 provide the guidance regarding the management of the machines to their clients.

Navoday Enterprises IPO Business Verticals

Their business is diversified and they are primarily engaged into 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 business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & lakhs)
31-Mar-20Mar-1931-Mar-18
Total Assets1,378.57513.12531.14
Total Revenue4,827.241,651.702,311.96
Total Expense4,690.221,572.622,205.58
Profit After Tax112.7735.0755.67

Earnings per Equity Share (in lakhs)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted7.282.263.59

PAT increased from Rs.35.07 lakhs for the FY 2019 to Rs.112.77 lakhs in FY 2020. This increase was mainly due to increase in revenue from operations and other seasons as detailed above. During FY 2020, their Company recorded PAT margin of 2.34% as against 2.12% for FY 2019.


Navoday Enterprises Limited IPO – Promoters

The Promoters of this company are:

  1. ANAND V. MODE
  2. 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 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 Portion1,20,000 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 Portion10,92,000 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 Issue15,50,000 Equity Shares
 Equity Shares outstanding after the Issue38,54,000 Equity Shares

Navoday Enterprises IPO Issue Object

Their Company proposes to utilise 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 client’s brand
  • Multiple Media Products
  • Bouquet of management consultancy services
  • Knowledge of Multiple Financing Options
  • Quality

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-207.2839.26
31-Mar-192.2620.10
31-Mar-183.5939.9418.53

Navoday Enterprises IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Navoday Enterprises Limited***102.757.2839.2618.53
Listed Peers
Pressman Advertising Limited27.532.281317
Hi-Klass Trading and Investment Ltd10115.040.050.32**
VLS Finance Limited106.718.402452

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 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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