Pavna Industries, founded in 1994, is a manufacturer of automotive parts and automobile application solutions. The company produces a wide range of automotive components for Original Equipment Manufacturers (OEMs) to meet the demands of passenger vehicles, 2-wheelers, 3-wheelers, heavy and light commercial vehicles, and off-road vehicles.
Pavna Industries boasts a well-diversified product portfolio that includes ignition switches, latches, fuel tank caps, auto locks, handles, switches, carburetors, oil pumps, throttle bodies, casting components, and more. Additionally, the company offers aftermarket products such as filters, bearings, wiper blades, clutch plates, and brake shoes. Pavna Industries has three manufacturing plants located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). These facilities are certified with ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016, ensuring the delivery of high-quality automotive components.
Pavna Industries IPO Details
| IPO Date | Feb 24, 2021 to Mar 1, 2021 |
| Listing Date | Mar 9, 2021 |
| Face Value | ₹10 per share |
| Price | ₹165 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹29.70 Cr) |
| Fresh Issue | 902,400 shares (aggregating up to ₹14.89 Cr) |
| Offer for Sale | 897,600 shares of ₹10 (aggregating up to ₹14.81 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Pavna Industries IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Feb 24, 2021 |
| Closing Date | Mar 1, 2021 |
| Basis of Allotment | Mar 4, 2021 |
| Initiation of Refunds | Mar 5, 2021 |
| Credit of Shares to Demat | Mar 8, 2021 |
| Listing Date | Mar 9, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The automotive parts and components industry is a critical sector that plays a significant role in the global economy. The industry has seen steady growth over the years due to the increasing demand for automobiles worldwide. The industry includes manufacturers of various automotive components such as engines, transmission systems, brakes, and steering systems.
According to a report by ResearchAndMarkets, the global automotive components market size is expected to reach USD 1.1 trillion by 2025, growing at a compound annual growth rate (CAGR) of 3.3% from 2020 to 2025. The growth is attributed to factors such as the increasing demand for electric and hybrid vehicles, the growing adoption of advanced safety systems in vehicles, and the rising trend of vehicle customization.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in Lakh) | |
| 30-Sep-20 | 31-Mar-20 | |
| Total Assets | 14,807.17 | 12,035.61 |
| Total Revenue | 6,808 | 17,982.84 |
| Profit After Tax | 82.80 | 633.74 |
Objects of the Issue
The IPO aims to raise money for the following purposes;
- To make partial repayment of loans.
- To meet general corporate purposes.
Pavna Industries IPO Prospectus
Company Contact Information
Pavna Industries Limited
Vimlanchal, Hari Nagar
Aligarh – 202001
Phone: +91 8006409332
Email: info@pavnagroup.com
Website: http://www.pavanagroup.com/
Pavna Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pavna.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Pavna Industries IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
