Parshva Enterprises IPO – Review, Dates, Allotment, Subscription, GMP & DRHP

Parshva Enterprises Limited engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds. They also deal in gold jewellery. Let’s have a detailed review of the company and analytics of the Parshva Enterprises IPO release date, IPO offer price, subscription, Parshva Enterprises IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Parshva Enterprises IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of Parshva Enterprises IPO

Parshva Enterprises IPOParshva Enterprises Limited is mainly engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds. They also deal in gold jewellery. They primarily sell gold jewellery i.e. Chains, Bangles, Necklace, Pendants, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds and other precious stones. 

Issue of 8,10,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share (including a share premium of Rs. 35 per Equity share) aggregating Rs. 364.50 lakhs.

From FY 2017-18 to FY 2018-19, as per the Restated Financial Statements

  • Revenues have grown from Rs. 477.21 lakhs in FY 2017-18 to Rs. 713.32 lakhs in FY 2018-19
  • The net asset value per Equity Share was Rs. 14.55 and Rs. 10.05 as of Mar 30, 2019 and March 31, 2018, respectively, as per the Restated Financial Statements 
  • The net worth of the company as on March 31, is  Rs. 320.16 lakhs as per the Restated Ind AS Consolidated Summary Statement of Assets and Liabilities.
  • The net profit after tax was Rs 30.04 lakhs  in FY 2018-19 and Rs.3.88 lakhs in FY 2018-19.

The Promoter of this company is Prashant A. VoraThe lead manager to the issue is Inventure Merchant Banker Services Private Limited and the Registrar to this issue is Bigshare Services Private Limited.


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    Parshva Enterprises IPO Date

    The opening and the closing date of Parshva Enterprises IPO is not known yet.


    Parshva Enterprises IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – 
    2nd Day – 
    3rd Day – 
    4th Day – 
    5th Day – 
    Shares Offered or Net Issue

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Parshva Enterprises IPO Allotment Status

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


    Parshva Enterprises IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    Parshva Enterprises IPO Equity Share Offering

    Issue of 8,10,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share (including a share premium of Rs. 35 per Equity share) aggregating Rs. 364.50 lakhs.


    Parshva Enterprises Limited – Company Overview

    Parshva Enterprises Limited was originally incorporated as Parshva Enterprises Private Limited on August 1, 1988 under the provisions of Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The Company was subsequently converted in to a public company and consequently name was changed to Parshva Enterprises Limited.

    Parshva Enterprises is mainly engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds. They also deal in gold jewellery. They sell their products to their clients domestically.

    The Parshva deal in variety of diamonds which include both rough and polished diamonds. They buy and sell diamonds in local markets as per the demand. The company sells diamonds of multiple categories based on different shapes, size, cut and fancy color. They mainly deal in diamonds of 0.10 – 5.0 carats.

    Well-cut diamonds sell at a premium and poorly cut diamonds sell at comparatively cheaper prices. Also, they do grading and cut evaluation and select only the best goods for their business.

    Some of their Diamonds are also GIA certified. The only deal in natural diamonds that are free from any treatment or enhancement. They offer their customers a wide range of Jewellery for tastes pertaining to local and international market trends.

    They are also engaged in investment in real estate properties in Mumbai for the purpose of selling them for trading gains. In their real estate business they are focused on Maharashtra and Gujarat. They invest in both residential and commercial properties based on their own study of the market. Also involved in real estate broking.

    They have currently invested in commercial property situated at Malad West, Mumbai admeasuring about 23.23 sq. meter.

    Competitive Strengths of Parshva Enterprises Limited

    • Quality
    • Multiple Products
    • The domain expertise
    • Leadership

    Business strategies of Parshva Enterprises Limited

    • Enhancing the existing customer base
    • Increase geographical presence
    • Attracting and retaining the quality manpower.
    • Value addition for better margins
    • Project Development and Land Development

    Parshva Enterprises Limited – 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 of Parshva Enterprises IPO

    On the basis of Standalone statement:-

    Amount (in INR & lakhs)
    31-Mar-1931-Mar-18
    Total Assets357.93205.41
    Total Revenue713.32 477.21
    Total Expense667.88469.59
    Profit After Tax30.043.88

    Earnings per Equity Share (in lakhs)

    31-Mar-1931-Mar-18
    Basic & Diluted1.500.60

    From the above statements, one could find that the Parshva Enterprises Limited may perform well.


    Parshva Enterprises IPO – Promoters

    The Promoter of this company is:

    • Prashant A. Vora

    List of Related Parties (Key Managerial Personnel)

    • Dhawal B. Siriya – CFO
    • Sneha Y. Shah – Compliance officer & CS

    Interest in promotion of the Company

    Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Parshva Enterprises IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
     Equity Shares Offered Issue of 8,10,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share (including a share premium of Rs. 35 per Equity share) aggregating Rs. 364.50 lakhs
     Of which:
     Reserved for Market Makers Issue of 42,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share aggregating Rs. 18.90 lakhs
     Net Issue to the Public Issue of 7,68,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share aggregating Rs. 345.60 lakhs
     Of which:
     Retail Investors Portion 3,84,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share aggregating Rs. 172.80 lakhs will be available for allocation to Retail Individual Investors
     Non-Retail Investors Portion3,84,000 Equity Shares having face value of Rs. 10.00 each at a price of Rs. 45 per Equity Share aggregating Rs. 172.80 lakhs will be available for allocation to other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for
     Equity Shares outstanding prior to the Issue22,00,000 Equity Shares
     Equity Shares outstanding after the IssueUpto 30,10,000 Equity Shares of face value of Rs. 10 each

    Parshva Enterprises IPO Issue Object

    These are the IPO Issue Objects of the company

    • Funding the Working Capital requirements of the Company:
    •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company

    Parshva Enterprises 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:

    • Quality
    • Multiple Products
    • The domain expertise
    • Leadership

    The relevant quantitative factors are:

    On the basis of standalone statement:-

    Basic & Diluted EPSRONW in %NAV (Rs.)
    31-Mar-180.401.93
    31-Mar-191.509.38
    14.55
    • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 45:
    ParticularsP/E ratio
    Highest115.67
    Average43.2
    Lowest5.26
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.) EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
    1Parshva Enterprises Limited101.530.109.3814.55
    2Narbada Gems and
    Jewellery Limited
    101.4842.4315.314.9
    3Goldiam International
    Limited
    108.099.446162.9
    4Swarnasarita Gems
    Limited
    102.115.26544.9
    5Lypsa Jems and
    Jewellery Limited
    100.06115.6726.547.7

    Parshva 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: Arvind Gala

    Parshva Enterprises IPO Registrar to offer

    Registrar to the Offer
    BIG SHARE SERVICES PRIVATE LIMITED
    1st floor, Bharat Tin Works Building, Opp. Vasant Oasis,
    Makwana Road, Marol, Andheri (East),
    Mumbai- 400 059, Maharashtra, India
    Tel. No.: +91 22 6263 8200
    Fax No.: +91 22 6263 8299
    Email:ipo@bigshareonline.com
    Website: www.bigshareonline.com
    SEBI Registration No: INR000001385
    Contact Person: Babu Raphael

    Parshva Enterprises IPO Other Details:

    • Statutory Auditor – M/s. Choudhary Choudhary & Co., Chartered Accountants.
    • Peer Review Auditor – M/s. Choudhary Choudhary & Co., Chartered Accountants.
    • Bankers to the Company – The Kalupur Comercial Co-operative Bank Limited

    Parshva Enterprises 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

    Parshva Enterprises IPO Grey Market Premium

    The Parshva Enterprises IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      Parshva Enterprises IPO News

      News 1 – IPO ISSUE OPENS SOON [Download DRHP Prospectus]


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