Parshva Enterprises IPO: GMP, Price, Issue size & Dates

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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 DateJun 19, 2019 to Jun 21, 2019
Listing DateMonday, July 1, 2019
Face Value₹10 per share
Price₹45 per share
Lot Size3000 Shares
Issue Size810,000 shares of ₹10(aggregating up to ₹3.65 Cr)
Market Maker portion42,000 shares
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Company PromotersPrashant A Vora is the promoter of the company.
Earthstahl & Alloys IPO: GMP, Size, Issue Price

Parshva Enterprises IPO Tentative Dates

EventTentative Date
Opening DateJun 19, 2019
Closing DateJun 21, 2019
Basis of AllotmentJun 27, 2019
Initiation of RefundsJun 28, 2019
Credit of Shares to DematJun 28, 2019
Listing DateJul 1, 2019

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
Total Assets357.93205.41
Total Revenue709.22476.29
Profit After Tax30.043.88

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

Parshva Enterprises IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Parshva Enterprises IPO Lead Manager(s)

  1. Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)


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