Incorporated in 2009, Amanaya Ventures Limited was formed with the objective of promoting SPOT buying and selling of Gold across India. They are bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver.
The company offers wholesale delivery of bullion to domestic users like ornament manufacturers, goldsmiths, jewelers, and semi-wholesalers as well as individual customs. The Company is a member of “The Indian Bullion and Jewellers Association Ltd” and “The Federation of Indian Export Organisations”.
The company also offers the Aurel Gold Purchase Plan for retail customers in order to enable them to purchase physical gold in smaller quantities. The motive of the company is to provide a transparent, convenient, and cost-effective manner for purchasing gold.
Amanaya Ventures Limited has developed its own brand under the name “Aurel Bullion”. The brand provides advantage to the customers for relying on the quality of
the product. All of the gold jewellery offered is hallmarked by BIS except gold jewellery weighing less than two grams which is not required to be hallmarked.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 191.52 | 445.85 | 0.13 | 184.91 | 88.13 | |
| 31-Mar-21 | 187.05 | 620.16 | 1.12 | 186.02 | 89.25 | |
| 31-Mar-22 | 203.62 | 1,325.16 | 7.63 | 196.75 | -41.25 | 4.93 |
| 31-Aug-22 | 256.79 | 473.00 | 3.92 | 249.96 | -3.94 | 4.15 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
- To meet the Working Capital requirements; and
- General Corporate Expenses.
Amanaya Ventures IPO Details
| IPO Date | Feb 24, 2023 to Feb 28, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,200,000 shares of ₹10 (aggregating up to ₹2.76 Cr) |
| Fresh Issue | 1,200,000 shares of ₹10 (aggregating up to ₹2.76 Cr) |
| Market Maker portion | 60,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 71.88 |
| Market Cap (₹ Cr.) | 8.6 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | MR. Manan Mahajan is the Promoter of the Company. |
Amanaya Ventures IPO Tentative Timetable
Amanaya Ventures IPO opens on Feb 24, 2023, and closes on Feb 28, 2023. The Amanaya Ventures IPO bid date is from Feb 24, 2023 10.00 A.M. to Feb 28, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 24, 2023 |
| Closing Date | Feb 28, 2023 |
| Basis of Allotment | Mar 3, 2023 |
| Initiation of Refunds | Mar 6, 2023 |
| Credit of Shares to Demat | Mar 8, 2023 |
| Listing Date | Mar 9, 2023 |
Amanaya Ventures IPO Lot Size
The Amanaya Ventures IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹138,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| HNI (Min) | 2 | 12,000 | ₹276,000 |
Amanaya Ventures IPO Promoter Holding
| Pre Issue Share Holding | 59.80% |
| Post Issue Share Holding | 37.50% |
Amanaya Ventures IPO Review
The company is engaged in trading gold and silver bars/coins and its own brand of jewellery. Based on its latest financial performance the issue is priced at a P/E of 92. Thus there is no harm in avoiding this pricey and risky issue. Read detail review…
Amanaya Ventures IPO Subscription Status (Bidding Detail)
The Amanaya Ventures IPO is subscribed 0.34 times on Feb 27, 2023 12:02:00 PM. The public issue subscribed 0.55 times in the retail category, times in the QIB category, and 0.14 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.14 |
| Retail | 0.55 |
| Total | 0.34 |
Amanaya Ventures IPO Prospectus
Company Contact Information
Amanaya Ventures Limited
69-70, First Floor,
Deep Complex, Court Road,
Amritsar-143001
Phone: +91 9914997607
Email: info@amanaya.in
Website: https://www.amanaya.in/
Amanaya Ventures IPO Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalfinancial.com