IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size4,38,000 shares (aggregating up to ₹2.19 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 25 Apr 2022
Subscription CloseWed, 27 Apr 2022
Anchor AllotmentSun, 24 Apr 2022
Basis of AllotmentMon, 02 May 2022
Initiation of RefundsWed, 04 May 2022
Credit of Shares to DematThu, 05 May 2022
Listing DateFri, 06 May 2022
UPI Mandate Deadline2022-04-27
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
P/E Ratio (Pre-IPO)61.73x
Net Offer to Public4,14,000 shares (aggregating up to ₹2.07 Cr)
Reserved for Market Maker24,000 shares (aggregating up to ₹0.1200 Cr)
Pre-IPO Promoter Holding12,10,000 shares
Post-IPO Promoter Holding16,46,000 shares
About Nanavati Ventures Ltd.
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company's products are sold and distributed through independent sales and distribution networks.Competitive Strengths.The established brand.Management and Employee expertise.Understand Customer Needs.Existing distribution and sales networks in the domestic market and our geographical benefit.Quality products.
Objects of the Issue
Nanavati Ventures Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital requirements
1.73
2
2 General Corporate Purpose
0.25
Shareholding & Lock-in
Pre-IPO Promoter Holding
12,10,000 shares
Post-IPO Promoter Holding
16,46,000 shares