Pavna Industries IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Nov 17, 2022Let’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.
Face Value | Rs 10 |
IPO Price | Rs 165 |
Listing At | NSE SME |
Min. Order Quantity | 800 Eq Shares |
Listing Date | Mar 9, 2021 |
Offer for Sale | Rs 148.1 Million |
Fresh Issue | Rs 148.9 Million |
IPO Size | Rs 297.0 Million |
Tick Size | 1 |
Pavna Industries IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
Pavna Industries Share Price – Live Performance |
Summary of 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 Feb 24, 2021 and Mar 1, 2021.
Pavna Industries IPO Subscription
Day / Date | QIB | NII | RII | Total 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 | Mar 4, 2021 |
Refunds Initiation | Mar 5, 2021 |
Credit of Shares to Demat Account | Mar 8, 2021 |
Share Listing Date | Mar 9, 2021 |
Pavna Industries IPO Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs 165.
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.165 per equity share aggregating to Rs 29.70 Crores.
Pavna Industries IPO Share Offering
Fresh Issue: The Fresh Issue of 902,400 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.14.98 Crores
Net Offer: The Net Offer of up to 17,04,000 Equity Shares of Rs.10 each at price of Rs 165 per Equity Shares
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.165 per Equity Share aggregating Rs.14.81 Crores
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) | ||||
Sep 20 | Mar 19 | Mar 18 | Mar 17 | |
Total Assets | 10,777.51 | 9,436.34 | 6,353.96 | 4,575.99 |
Total Revenue | 5,171.63 | 13,631.21 | 13,797.91 | 10,677.64 |
Total Expense | 5,125.95 | 12,884.88 | 13,001.99 | 10,187.84 |
Profit After Tax | 27.13 | 408.45 | 586.13 | 324.23 |
Earnings per Equity Share (in Lakhs)
Amount (in INR & Lakhs) | ||||
Sep 20 | Mar 19 | Mar 18 | Mar 17 | |
Basic & Diluted | 7.87 | 11.30 | 6.25 |
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 Offered | Up to 18,00,000 Equity Shares, aggregating up to Rs.[●] lakhs |
Of which: | |
Fresh Issue | Up to 9,02,400 Equity Shares, aggregating up to Rs.[●] lakhs |
Offer for Sale | Up to 8,97,600 Equity Shares, aggregating up to Rs.[●] lakhs |
Of which: | |
Market Maker Reservation Portion | Up to 96,000 Equity Shares aggregating up to Rs.[●] lakhs |
Net Issue to Public | Up to 96,000 Equity Shares aggregating up to Rs.[●] lakhs |
Equity Shares outstanding prior to the Issue | 51,88,000 Equity Shares |
Equity Shares outstanding after the Issue | Up 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 EPS | RONW in % | NAV (Rs.) | |
31-Mar-18 | 6.25 | 20.95 | – |
31-Mar-19 | 11.30 | 27.47 | – |
*31-Mar-20 | 7.87 | 16.06 | 98.01 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
Particulars | P/E ratio |
Highest | 86.50 |
Average | 25.70 |
Lowest | 3.30 |
Pavna Industries Limited: Competitive Peers
Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
Pavna Industries Limited | 10 | 19.95 | 8.27 | 16.03% | 51.57 |
Listed Peers | |||||
Pritika Auto Industries Limited | 10 | 29.63 | 3.15 | 12.24% | 67.87 |
Minda Corporation Limited | 2 | NA | (8.98) | (20.49)% | 43.05 |
Sandhar Technologies Limited | 10 | 24.29 | 9.47 | 7.47% | 126.67 |
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
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