Navoday Enterprises Limited was founded in 2007 and has diversified into three business verticals. These include Marketing Support and Advertising, Management and Financial Consultancy Services, and Component Supply and Support Services for manufacturers of packaging and allied machines.
Within the Marketing segment, the company primarily provides Out-of-Home (OOH) advertising services such as hoardings, billboards, lamp post boards, kiosks, traffic booths, and mobile sign trucks, among others. These services are offered across Mumbai and Thane. The company is also involved in event management services, where it manages various events such as corporate, commercial, cultural, and brand promotional events.
Navoday Enterprises IPO Details
| IPO Date | Jun 14, 2021 to Jun 17, 2021 |
| Listing Date | Friday, June 25, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 2,304,000 shares of ₹10 (aggregating up to ₹4.61 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Navoday Enterprises IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 14, 2021 |
| Closing Date | Jun 17, 2021 |
| Basis of Allotment | Jun 21, 2021 |
| Initiation of Refunds | Jun 22, 2021 |
| Credit of Shares to Demat | Jun 23, 2021 |
| Listing Date | Jun 24, 2021 |
Industry Overview
As of January 2021, the mutual funds industry in India had managed assets under management (AUM) worth Rs. 32.29 lakh crore (equivalent to US$ 438.27 billion). In 2019, investments made in mutual fund schemes through the Systematic Investment Plan (SIP) route amounted to Rs. 82,453 crore (equivalent to US$ 11.70 billion). By the end of December 2019, equity mutual funds had attracted a net inflow of Rs. 8.04 trillion (equivalent to US$ 114.06 billion).
Apart from mutual funds, another important segment of India’s financial industry is the insurance industry, which has been growing rapidly. In the financial year 2019-2020, the total first year premium collected by life insurance companies in India amounted to Rs. 2.59 lakh crore (equivalent to US$ 36.73 billion).
Company Financials
| Particulars | For the year/period ended (₹ in lakhs) | ||
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 1,378.57 | 513.12 | 531.14 |
| Total Revenue | 4,827.24 | 1,651.70 | 2,311.96 |
| Profit After Tax | 112.77 | 35.07 | 55.67 |
Objects of the Issue
The net IPO proceeds will be used for the following objectives;
- Meeting company’s working capital requirements.
- General Corporate purposes.
Navoday Enterprises IPO Prospectus
Company Contact Information
Navoday Enterprises Limited
D-107, Crystal Plaza, Opposite Infinity Mall
New Link Road, Andheri West,
Mumbai – 400 053,
Phone: +91 22 4968 6123
Email: info@navodayenterprise.com
Website: http://www.navodayenterprise.com/
Navoday Enterprises IPO Registrar
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com
Navoday Enterprises IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
