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.


Open Free* Demat A/C Now! Fill the details below

Fill Your Details Here
  1. Open Demat Account


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. 


Open Free* Demat A/C Now! Fill the details below

Fill Your Details Here
  1. Open Demat Account

Parshva Enterprises IPO News

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


Market Guide

What is IPO?
IPO Investment
Upcoming IPOs
 IPO Valuation

Featured Topics

Best Discount Broker in India
Top 10 Sub Broker Partner in India
Best Stock Broker in India
Sub Broker Franchise
Best Demat Account
Brokerage Calculator
Best Full Service Broker in India
Broking Franchisee
 Best Intraday Trading Brokers in India

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMS / PCG

Offer valid for limited time.