Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewellery. They buy and sell diamonds of different categories depending on fancy colour, size, shape and cut (princess-cut, heart-cut, etc.).The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only.In gold jewellery, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls.Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties.The competitive strengths of the company are:1. Multiple product range2. Good quality products3. Market-specific products
Parshva Enterprises Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 42,000 | — | ₹0.19 Cr | — |
| TOTAL | 810,000 | 100.00% | ₹3.65 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| Particulars | 31-Mar-19 | 31-Mar-18 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 709.22 | 476.29 | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 30.04 | 3.88 | N/A |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 357.93 | 205.41 | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |