Nanavati ventures IPO is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers.
Nanavati ventures IPO – overview
| IPO Dates | 25-27 April 2022 |
| IPO Price | INR 50 per share |
| Fresh issue | 436,000 shares (INR 2.18 crore) |
| Offer For Sale | Nil |
| Total IPO size | 436,000 shares (INR 2.18 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Nanavati ventures IPO – Tentative Dates
| IPO Offer Opening Date | 25 April 2022 |
| IPO Closing Date | 27 April 2022 |
| Finalization of Basis of Allotment | 02 May 2022 |
| Initiation of refunds | 04 May 2022 |
| Transfer of shares to demat accounts | 5 May 2022 |
| IPO Listing Date | 6 May 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the product. The company’s products are sold and distributed through independent sales and distribution networks.
Strengths:
- The established brand.
- Management and Employee expertise.
- Understands Customer Needs.
- Existing distribution and sales networks in the domestic market and our geographical benefit.
Objects of the Issue
- To meet the working capital requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Company Financials
| Particulars | 31- March -21 | 31-March -20 | 31-March -19 |
| Total Assets | 663.55 | 286.88 | 186.62 |
| Total Revenue | 1131.70 | 595.10 | 55.51 |
| Profit After Tax | 11.97 | 5.39 | 0.03 |
Company Contact Information
Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore, Navsari 396445
Phone: +91 9316691337
Email: info@nventures.co.in
Website: http://www.nventures.co.in/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
