18-Mar-2024
2 mins read
Naman In-Store (India) is offering a book-built issue, with a fresh issue of 28.48 Lakhs of shares worth Rs 25.35 Cr. The price band is Rs 84 to Rs 89 per share and lot size for the application is 1600 shares. The investors can apply for the same from March 22, 2024 till March 27, 2024.
The IPO is managed by GYR Capital Advisors Private Limited, that is the book-running lead managers whereas Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. The listing will be the National Stock Exchange (NSE).
About Naman In-Store (India) Limited
Naman In-Store are 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. Further, they manufacture modular furniture for offices, beauty store, low-housing kitchens, educational institution as well as supermarket shelving solutions. The company specialises 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. They specialise in providing one-stop solutions across multiple retail stores and industries as all engineering and shop drawing is performed in-house, under one roof. They manufacture 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. They operate on a B2B (Business-to-Business) model. The range of fixtures is designed to enhance the visual appeal and functionality of retail spaces. They have a diverse clientele spanning different geographies, industry verticals, and service offerings. They seem consistent in supplying quality products around the year as customised products are made available to them as per their requirement and market demand.
Primary Objectives of Naman In-Store (India) IPO 2024
The company is decided to utilise its net proceeds into the several objectives i.e., construction of a factory building for the advancement of production, furthermore company plans to use its net proceeds into its capital expenditure for acquiring land on a leasehold basis in Butibori, MIDC and planning to shift its company’s existing manufacturing facilities, lastly for some other general corporate purposes.
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Financial Performance of Naman In-Store (India) Limited (In Rs Lakhs)
The company reported its net revenue of 149.94 Cr and Profit after Tax of 3.80Cr, which is a 193.48% and 1696.28% increments, respectively, for the year ended March 31, 2023
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | - | 5,598.94 | 3,074.09 | 1,693.00 |
| Revenue | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit After Tax | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves and Surplus | - | 488.94 | 53.48 | 41.64 |
| Total Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
Important Details of Naman In-Store (India) IPO 2024
| IPO Date | March 22, 2024 to March 27, 2024 |
| Listing Date | April 2, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 84 to Rs 89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,848,000 shares (aggregating up to Rs 25.25 Cr) |
| Fresh Issue | 2,848,000 shares (aggregating up to Rs 25.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 7,700,000 |
| Shareholding post issue | 10,548,000 |
Tentative Timetable of Naman In-Store (India) IPO 2024
Naman In-Store (India) IPO opens on March 22, 2024, and closes on March 27, 2024.
| IPO Open Date | March 22, 2024 |
| IPO Close Date | March 27, 2024 |
| Basis of Allotment | March 28, 2024 |
| Initiation of Refunds | April 1, 2024 |
| Credit of Shares to Demat | April 1, 2024 |
| Listing Date | April 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2024 |
Naman In-Store (India) IPO Lot Size
A minimum of 1600 shares, i.e. 1 lot and in multiples thereof, can be purchased by investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | Rs. 142,400 |
| Retail (Max) | 13 | 650 | Rs. 142,400 |
| HNI (Min) | 14 | 700 | Rs. 206,500 |
Reservation of Naman In-Store (India) IPO
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator of Naman In-Store (India) Limited
| KPI | Values |
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| P/BV | 1.04 |
| PAT Margin (%) | 7.81 |
Promoter Holding of Naman In-Store (India) Limited IPO
| Shareholding Pre Issue | 100.00% |
| Shareholding Post Issue | - |
Promoters of the Naman In-Store (India) Limited
The promoters of the company are Mr Raju Paleja, Ms Bhavika Paleja, Mr Jay Shah, Mr Mehul Naik, and Mr Abdul Shahid Shaikh.
Lead Manager(s) of Naman In-Store (India) IPO 2024
The lead manager(s) of Naman In-Store (India) IPO 2024 is GYR Capital Advisors Private Limited.
How to Apply for Naman In-Store (India) Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Naman In-Store (India) Limited IPO 2024 with Bigul.
How to Check Allotment Status of Naman In-Store (India) Limited IPO 2024
The registrar for Naman In-Store (India) Limited IPO 2024 is Bigshare Services Pvt Ltd. You can check your allotment status by clicking here.
FAQs
1. When is the IPO scheduled to open and close?
Naman In-Store (India) Limited IPO is scheduled to open on March 22, 2024, investors can can apply for the same till its closing date which is March 27, 2024.
2. What will be the price band for the IPO?
Naman In-Store (India) Limited IPO price band is decided from Rs 84 to Rs 89 per share, an investor can bid from that given price range, for the maximum probability of getting allotted an investor should bid the maximum price of the given band range.
3. What are the main objectives of this IPO?
The company is decided to utilise its net proceeds into the several objectives i.e., construction of a factory building for the advancement of production, furthermore company plans to use its net proceeds into its capital expenditure for acquiring land on a leasehold basis in Butibori, MIDC and planning to shift its company’s existing manufacturing facilities, lastly for some other general corporate purposes.
4. How has Naman In-Store (India) Limited performed financially?
The company reported its net revenue of 149.94 Cr and Profit after Tax of 3.80Cr, which is a 193.48% and 1696.28% increments, respectively, for the year ended March 31, 2023
5. What are the key performance indicators of Naman In-Store (India) Limited?
Key performance indicators reported as ROE of 69.22%, a ROCE of 24.51%, a RoNW of 51.42%, and with PAT margin 7.81%.
6. How can I apply for the Naman In-Store (India) IPO ?
Once the Naman In-Store (India) Limited IPO open for subscription, you can apply for it by clicking here with us on bigul.
7. How can I check the allotment status of the IPO?
Investors can check the allotment status of the Naman In-Store IPO by visiting here.
8. Who are the promoters of Naman In-Store (India) Limited?
The promoters of Naman In-Store (India) Limited are Mr. Raju Paleja, Ms. Bhavika Paleja, Mr. Jay Shah, Mr. Mehul Naik, and Mr. Abdul Shahid Shaikh.
9. Where will the IPO be listed?
The IPO will be listing on the National Stock Exchange (NSE).
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