Naman In-Store Ltd

About the Company:

Naman In-Store Ltd is one of the prominent display and retail furniture & fixture company with a broad spectrum of offerings and in-store solutions to various industries and retail stores.

Company manufactures modular furniture for offices, beauty store, low-housing kitchens, educational institution as well as supermarket shelving solutions.

Company specializes in the design and execution of turnkey projects by bringing together under the same roof all of the resources necessary to meet the needs of any fit-out project.

Company’s range of fixtures is designed to enhance the visual appeal and functionality of retail spaces. Company has a diverse clientele spanning different geographies,industry verticals, and service offerings.

Company specialise to provide one-stop solutions across multiple retail stores and industries as all engineering and shop drawing is performed in-house, under one roof.

Company manufactures in-store customised furniture and fixtures in wood, metal and plastic and in respect of kiosks, full shops, Countertop Units (CTU), Countertop Display Unit (CDU), Point of Sales Merchandising (POSM), etc.

As on September 30, 2023 company has served around 32 retail customers and their franchises and 04 industrial customers.

As on September 30, 2023, the total employee strength is 491 (including contractual workers).

Major Products manufactured and Offered by the Company:

Retail Furniture and Fixtures:

Company offers complete solutions for retail furniture and fixtures designed to meet the growing demands of modern-day businesses.
Company offers a wide range of high-quality modern day modular office furniture which includes modular office partition systems, office chairs, cabinets and Wardrobe, storage racks, storage systems, executive chairs, office workstations etc.
Company develops different types of retail outlets for Beauty shops, Tobacco pan masala shops, Paint Shops, Fashion Apparel Outlets, etc. Also designs and develops furniture for residential purposes, colleges, schools, libraries, laboratories, and research institutes.

Industrial Metal Products:

Company is engaged in manufacturing and supplying a wide range of metal industrial Products. These are developed by a team of creative professionals as per the norms and guidelines laid down by the industry.
Moreover, to meet the specific needs of individuals, it also provide customized version of these products as per the specifications detailed by the clients.
Clients can avail products such as Electrical Control Panels, Petrol Pump Kiosks, HVAC Outer Housing, Battery Rack, UPS cabinets, Server Racks etc.

Company’s Customers:

Airtel	Nike	UTI Mutual Fund	The Arvind Store
Piramal Healthcare	Glaxo Smithkline	Samsung	Sony
Hindustan Unilever Ltd	Asian Paints	Reliance Industries Ltd	Eureka Forbes

Company’s Manufacturing Facilities:

Company has manufacturing facilities located at Vasai, Maharashtra, having constructed area of approx. 1,41,687 Sq. Ft.

Company has well established and high-tech manufacturing equipments and design facility to manufacture the various combination and size products as per the design and specification of clients.

The manufacturing facilities are equipped with all facilities to execute all types of manufacturing activities such as design and prototyping, metal and wood fabrication, moulding, powder coating, cutting, printing, polishing & packaging, etc.

Further company has 2 warehouses located in Kaman, Maharashtra and 1 at Bengaluru.

Management Team:

Mr. Raju Paleja (Designation: Chairman and Managing Director)
Mr. Jay Shah (Designation: Whole Time Director)

Objectives of the Issue:

Fresh: (Rs.25.34 cr)

Funding capital expenditure of our company to acquire land on leasehold basis at Butibori, MIDC and proposes to shift the existing manufacturing facilities of the company.
Construction of factory building.
General Corporate Purposes.

Fund Utilisation:

Particulars	Amount (Rs. in Crores)
Funding capital expenditure of our company to acquire land on leasehold basis at Butibori, MIDC and proposes to shift the existing manufacturing facilities of the company	4.66 cr
Construction of factory building	12.17 cr

Proposed Schedule of Implementation:

Peer Group Comparison:

There are no listed companies in India that engage in a business that is similar to that of Naman In-Store (India) Limited. Hence we cannot provide any comparison.

Positives for the Company:

Company plans to Expand the operations in geographies where we have presence and also in other geographies.

Company intends to leverage our existing business model and reach new customers and also reach new geographies, such as USA with the aid of our marketing strategy which is to participates in various domestic and international exhibitions, direct interaction with prospective customers on the receipt of enquiries and also market our products to our existing customers.
Company intends to expand the volume of business from clients with by enhancing solutions offering.
Further, company has expanded the reach and presence by successfully procuring export order in USA to supply retail furniture and fixtures.

Financials of the Company:

(in Crores)	FY 21	FY 22	FY 23	Upto 30th Sept 23
Revenue	13.41	51.09	149.93	79.29
Net Profit	0.05	0.21	3.81	6.18

IPO Details:

Details	Info
Issue Opens on	22nd March 2024
Issue Closes on	27th March 2024
Issue Price	Rs.84 -89
Face Value	Rs.10
Retail Category Allocation	%
Minimum Lot	1600 Shares
Minimum Investment	Rs.1,42,400
Issue Constitutes	27 %
Issue Size	Rs. 25.34 cr
Market Cap	Rs. 93.87 cr
Listing at	NSE SME
Equity Shares Offered (Fresh)	28,48000
Equity Shares Prior to the Issue	77,00,00
Equity Shares after the Issue	1,05,48,000

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 28th March 2024
Initiation of Refunds	on or Before 1st April 2024
Credit of Equity Shares:	on or Before 1st April 2024
Listing Date:	on or Before 2nd April 2024

IPO Valuation Parameters:

Earnings Per Share (EPS)	Price To Earnings ratio (PE)	Return on Net Worth (RoNW)	Net Asset Value (NAV)
4.96	17.94	65.30%	41.76

Company Contact Info:
Naman In-Store (India) Limited E/13-14, Shree Sardar Patel CHSL, Patel Baug, Nehru Road, Opp Adarsh Petrol Pump, Vileparle (E), Mumbai, Maharashtra, India, 400057 Telephone No.: 8087042862 E-mail: compliance@nipl.co Website: www.namaninstore.com

Registrar to the Issue:
Bigshare Services Private Limited Office No. 56-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai-400 093, Maharashtra, India. Tel: +91 22 6263 8200 Fax: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com

Lead Manager to the Issue:
GYR Capital Advisors Private Limited 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahemdabad-380 054, Gujarat, India. Telephone: +91 8777564648 E-mail Id: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com