About the Company:
Nanavati Ventures Ltd is engaged in trading of diamonds majorly in Surat, Gujarat.
Company’s operations include sourcing of polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in Gujarat.
Company primarily sell diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers.
Company procure the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone is done by skilled workers on job-work basis.
Management Team:
- Mr. Shreykumar Hasmukhbhai Sheth (Designation: Chairman & Managing Director)
- Ms. Vaishnavi Hemantkumar Nanavati (Designation: Non- Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs. 2.18 cr )
- To meet the working capital requirements of the company
- To meet the Issue Expenses.
- General Corporate Purpose.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 31st Dec 21 |
|---|---|---|---|---|
| Revenue | 0.55 | 5.95 | 11.31 | 10.49 |
| Net Profit | 0.0003 | 0.05 | 0.11 | 0.099 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 25th April 2022 |
| Issue Closes on:. | 27th April 2022 |
| Issue Price | Rs.50 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,50,000 |
| Issue Constitutes | 26.48% |
| Issue Size | Rs.2.18 cr |
| Market Cap | Rs.8.23 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 4,36,000 |
| Equity Shares Prior to the Issue | 12,10,000 |
| Equity Shares after the issue | 16,46,000 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 2nd May 2022 |
| Initiation of Refunds | on or Before 4th May 2022 |
| Credit of Equity Shares: | on or Before 5th May 2022 |
| Listing Date: | on or Before 6th May 2022 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.95 | 82.46 | 1.59% | 51.82 |
| Company Contact Info: |
|---|
| Nanavati Ventures Limited S-414, OM Plaza, Adarsh App. Co. Op. Ho. Soc.,Village: Vijalpor, Taluka: Jalalpore, Navsari- 396445, Gujarat, India. Tel. No.: +91 9316691337 Email: info@nventures.co.in Website: www.nventures.co.in |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES LIMITED Selenium Tower -B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad-500 032, Telangana, India. Tel. No.: +91 40 6716 2222 E-mail: nvl.ipo@kfintech.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001, Maharashtra, India. Tel. No.: +91 22 40509999 Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
