Parshva Enterprises Limited is a company established in Mumbai that trades and sells cut and polished diamonds and gold jewelry at wholesale prices. Depending on fancy colour, size, shape, and cut, they buy and sell various sorts of diamonds (princess-cut, heart-cut, etc.)
The price of the diamond is determined by its size and cut evaluation; for example, poorly cut diamonds are sold for less money than well-cut diamonds, which command a higher price. They deal with natural diamonds, some of which are also GIA certified. Only domestic customers are allowed to buy diamonds from the company.
Parshva Enterprises offers gold necklaces, bangles, earrings, pendants, chains, and earrings that can be plain or embellished with gems, diamonds, and pearls.
In addition to this, the business also invests in real estate in the Mumbai and Gujarat regions, selling it for trading profits. They are also engaged in the apartment and property-related real estate brokerage sector.
The company’s competitive advantages are:
1. A variety of product lines
2. High-quality goods
3. Goods suited to a certain market
Parshva Enterprises IPO Details
| IPO Date | Jun 19, 2019 to Jun 21, 2019 |
| Listing Date | Monday, July 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 810,000 shares of ₹10(aggregating up to ₹3.65 Cr) |
| Market Maker portion | 42,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Prashant A Vora is the promoter of the company. |
Parshva Enterprises IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 19, 2019 |
| Closing Date | Jun 21, 2019 |
| Basis of Allotment | Jun 27, 2019 |
| Initiation of Refunds | Jun 28, 2019 |
| Credit of Shares to Demat | Jun 28, 2019 |
| Listing Date | Jul 1, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 357.93 | 205.41 | |
| Total Revenue | 709.22 | 476.29 | |
| Profit After Tax | 30.04 | 3.88 |
Objects of the Issue
The following are the purposes of the Net Proceeds (as defined below) from the Issue: -Fulfilling Additional Working Capital Needs
Parshva Enterprises IPO Prospectus
Company Contact Information
Parshva Enterprises Limited
811, A Wing, Jaswanti Allied Business Centre,
Ramchandra Lane Extn., Malad West,
Mumbai – 400064, Maharashtra, India
Phone: +91 22 4972 9700
Email: info@parshvaenterprises.co.in
Website: http://parshvaenterprises.co.in/
Parshva Enterprises IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Parshva Enterprises IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
