About the Company:
Pavna Industries 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.
Company’s focus is on manufacturing quality & customer oriented components, catering to Original Equipment Manufacturers (OEM) & providing automotive after-market solutions.
Company is 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.
Company has a varied customer base and geographical footprint, thereby minimizing the exposure to individual geographies and industry sectors.
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, Carburetor, Throttle Body, Fuel Cocks, Injection System, Casting Components etc.
Company also provides aftermarket sales and services. Company’s aftermarket products include products such as filters, clutch plates, bearings, wiper blades and brake shoes.
Company sells its products directly to the automotive OEMs, in the domestic market as well as international market viz. USA, Europe etc.
As on March 31, 2020, company had a total work force of 737 full-time employees (other than Directors) (including skilled, semi skilled and unskilled employees).
Corporate structure of the Company:
Subsidiary Companies :
The Group consists of 5 companies i.e. Pavna Industries Limited and subsidiary Companies i.e. Swapnil Switches Pvt. Ltd. (SSPL), Pavna Auto Engineering Pvt. Ltd. (PAEPL), Pavna Sunworld Autotech Pvt. Ltd. (PSAPL) and Pavna Marketing Pvt. Ltd. (PMPL).
Company’s Manufacturing Facilities:
Company has ultra modern manufacturing plants in India, located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand).
The facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of our OEM customers.
Diversified Product portfolio:
Pavna Industries is a automotive component manufacturing company having varied product segments.
Company’s diversified product portfolio caters to different automotive segments including passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles.
Company has been able to become an integral part of customers‘ manufacturing supply chains by offering multiple products, increasing range of products and increasing share of business with them. A diverse product portfolio also enables company to achieve significant scale to overcome entry barriers in new markets.
Competitors for the Company:
Major competitors for Pavna Industries Ltd in the geographical markets that we operate in are Pritika Auto Industries Ltd, Minda Corporation Ltd, Sandhar Technologies Ltd, Jay Ushin Ltd, Aurangabad Electricals Ltd, Pricol Ltd, UCAL Auto Private Ltd.
Revenue from Domestic Sales & Exports:
Management Team:
- Mr. Swapnil Jain (Designation: Managing Director)
- Mrs. Asha Jain (Designation: Chairperson and Executive Director)
Objectives of the Issue:
Offer for Sale: (Rs.14.81 cr)
- Company will not receive any proceeds from the Offer for Sale by the Selling Shareholder.
Fresh Issue: (Rs.14.89 cr)
- Part Repayment of Loans.
- General Corporate Purpose.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 | 30th Sept 20 |
|---|---|---|---|---|
| Revenue | 106.7 | 137.9 | 179.8 | 68.08 |
| Net Profit | 4.89 | 7.95 | 6.33 | 0.82 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Pavna Industries Limited | 10 | 8.27 | 19.95 | 16.03% | 68.38 |
| Pritika Auto Industries Ltd | 10 | 3.15 | 29.63 | 4.63% | 67.87 |
| Sandhar Technologies Ltd | 10 | 9.47 | 24.29 | 7.47% | 126.67 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 24th February 2021 |
| Issue Closes on:. | 1st March 2021 |
| Issue Price | Rs.165 |
| Face Value | Rs.10 |
| Minimum Lot | 800 |
| Minimum Investment | Rs.1,32,000 |
| Issue Constitutes | 29.55% |
| Issue Size | Rs.29.7 cr |
| Market Cap | Rs.100.4 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 9,02,400 |
| Equity Shares Offered (OFS) | 8,97,600 |
| Total Equity Shares Offered(OFS + Fresh) | 18,00,000 |
| Equity Shares Prior to the Issue | 51,88,000 |
| Equity Shares after the Issue | 60,90,400 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 4th March 2021 |
| Initiation of Refunds | on or Before 5th March 2021 |
| Credit of Equity Shares: | on or Before 8th March 2021 |
| Listing Date: | on or Before 9th March 2021 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 8.27 | 19.95 | 16.03% | 68.38 |
| Check IPO Allotment Status: |
|---|
Link InTime Website: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Pavna Industries Limited Address: Vimlanchal, Hari Nagar Aligarh, Uttar Pradesh – 202001. Tel No.: +91 8006409332 Email ID: info@pavnagroup.com Website: www.pavnagroup.com |
| IPO Registrar Info: |
|---|
| 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 |
| Lead Manager to the Issue: |
|---|
| 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 |
