Pavna Industries IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Pavna Industries Limited IPO release date, IPO offer price, subscription, Pavna Industries IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

They have ultra modern manufacturing plants in India, located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand). Their facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of their OEM customers.


Pavna Industries IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Pavna Industries IPO

Pavna Industries IPO

Their Company along with its subsidiaries is engaged in the business of manufacturing of automotive parts, providing solutions for automobile applications and serving automobile & other applications worldwide.

Their focus is manufacturing quality & customer oriented components, catering to Original Equipment Manufacturers (OEM) & providing automotive after-market solutions.

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • Their Restated Standalone Financial Statements show that they have grown their total revenue at a CAGR of 8.48% from Rs.10,677.64 lakhs to Rs.13,631.21 lakhs in Fiscal 2018 to Fiscal 2020 respectively. Their earnings before interest, tax, depreciation and amortization (“EBITDA”) for the financial years ended March 2020, 2019 and 2018 was Rs.1,318.18 lakhs, Rs.1,203.41 lakhs and Rs.875.29 lakhs respectively.

The Promoters of this company are Mr. Swapnil Jain, Mrs. Asha Jain. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED. The Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.


Pavna Industries IPO Dates / Launch Date

The opening and the closing date of Pavna Industries IPO is not known yet.


Pavna Industries IPO Subscription 

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

The shares subscribed by the public will be updated here.



Pavna Industries 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.

Pavna Industries 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

Pavna Industries IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is [●]. 


Pavna Industries IPO Size

This Initial Public Issue of 18,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●]


Pavna Industries IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to 17,04,000 Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs

Offer for Sale: Offer for sale consists of Up to 8,97,600 Equity Shares of face value of Rs.10 each for cash at a price of Rs.[●] per Equity Share aggregating Rs.[●] lakhs.


Pavna Industries IPO – Company Overview

They are engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments, including, passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles.

Their Company has a varied client base and they are committed to continuing to diversify their product offerings, customer base and geographical footprint, thereby minimizing their exposure to individual geographies and industry sectors.

The proximity of their facilities to the plants of their OEM customers also facilitates greater interaction with their customers, thereby enabling them to respond to their requirements in a timely manner.

The facilities have been laid out to match best plant engineering standards as their plants are busy producing automotive products in large quantities as per their customer’s exacting standards. Their units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007 and IATF 16949:2016 certified.

Pavna Industries – Product Portfolio

Their Company along with its subsidiaries has a diversified product portfolio, which consists of high-quality reliable parts such as Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Handles, Switches, Oil Pump, Carburettor, Throttle Body, Fuel Cocks, Injection System, Casting Components etc.

They also provide aftermarket sales and services. Their aftermarket products include products manufactured by them such as filters, clutch plates, bearings, wiper blades and brake shoes.

Pavna Industries – Research & Development

They undertake research and development with a focus on technologically advanced products, innovation, enhancing their products portfolio, improving the quality of their products and their manufacturing processes both independently and through cooperation with their customers.

Their research and development capabilities are a result of a combination of the technological knowledge of their joint venture partners and technical collaborators, and those that they have internally developed. They have entered into joint ventures and technical collaboration with Sunworld Moto Industrial Co.


Pavna Industries Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
31-Mar-20Mar-1931-Mar-18
Total Assets9,436.346,353.964,575.99
Total Revenue13,631.2113,797.9110,677.64
Total Expense12,884.8813,001.9910,187.84
Profit After Tax408.45586.13324.23

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
Mar-2031-Mar-1931-Mar-18
Basic & Diluted7.8711.306.25

Pavna Industries IPO – Promoters

The Promoters of this company are:

  • Mr. Swapnil Jain,
  • Mrs. Asha Jain

List of Related Parties (Key Managerial Personnel)

  • Mr. Makarand Mahajan, Chief Financial Officer
  • Mr. Amit Agrawal, Chief Operating Officer
  • Ms. Geetika Varshney, Company Secretary and Compliance Officer

Pavna Industries IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares OfferedUp to 18,00,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Fresh IssueUp to 9,02,400 Equity Shares, aggregating up to Rs.[●] lakhs
Offer for SaleUp to 8,97,600 Equity Shares, aggregating up to Rs.[●] lakhs
Of which:
Market Maker Reservation PortionUp to 96,000 Equity Shares aggregating up to Rs.[●] lakhs
Net Issue to PublicUp to 96,000 Equity Shares aggregating up to Rs.[●] lakhs
 Equity Shares outstanding prior to the Issue51,88,000 Equity Shares
 Equity Shares outstanding after the IssueUp to 60,90,400 Equity Shares

Pavna Industries IPO Issue Object

Their Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Part Repayment of Loans
2. General Corporate Purpose

Pavna Industries Limited: Competitive Strength

  • Experienced Promoters and strong management team
  • Well established manufacturing facility
  • Quality standards and ISO certified organisation
  • Diversified product portfolio
  • Consistent track record of financial performance
  • Cost effective production and timely fulfilment of orders
  • In-house design capability, product development and technical collaborations

Pavna Industries Limited: Business strategies

  • Consolidations of auto component manufacturing activities of group into single holding company structure in order to get benefits of scale
  • Diversifying the product mix and increasing penetration in markets
  • Expand their global footprint
  • Operation Excellence
  • Optimal Utilization of Resources

Pavna Industries IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

  • Experienced Promoters and strong management team
  • In-house design capability, product development and technical collaborations
  • Well established manufacturing facility
  • Quality standards and ISO certified organization
  • Diversified Portfolio

Pavna Industries IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-186.2520.95
31-Mar-1911.3027.47
*31-Mar-207.8716.0698.01
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/E ratio
Highest86.50
Average25.70
Lowest3.30

Pavna Industries Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Pavna Industries Limited10[●]8.2716.03%51.57
Listed Peers
Pritika Auto Industries Limited1011.308.0312.24%65.08
Minda Corporation Limited29.367.6914.16%52.76
Sandhar Technologies Limited1013.5015.9213.22%119.55

Pavna Industries IPO Lead Managers

Lead Manager
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001.
Tel: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Shweta Kothari / Hiral Motani
SEBI Registration No.: INM000011344

Pavna Industries IPO Registrar to Offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1 Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai, Maharashtra, India, 400083
Tel: +91 22 4918 6200
Email: pavna.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance Email: pavna.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Pavna Industries IPO – Other Details

  • Statutory Auditor – DAS MAHESHWARI & COMPANY,
  • Legal Counsel to the Company – M/s. Agama Law Associates
  • Bankers to the Company – PUNJAB NATIONAL BANK LIMITED, HDFC Bank Limited, 

 

Pavna Industries IPO Grey Market Premium

The Pavna Industries 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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Pavna Industries IPO News

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