Naman In-Store (India) IPO is a book built issue of Rs 25.35 crores. The issue is entirely a fresh issue of 28.48 lakh shares.
Naman In-Store (India) IPO opens for subscription on March 22, 2024 and closes on March 27, 2024. The allotment for the Naman In-Store (India) IPO is expected to be finalized on Thursday, March 28, 2024. Naman In-Store (India) IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 2, 2024.
Naman In-Store (India) IPO price band is set at ₹84 to ₹89 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹142,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹284,800.
GYR Capital Advisors Private Limited is the book running lead manager of the Naman In-Store (India) IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Naman In-Store (India) IPO is Giriraj Stock Broking.
Refer to Naman In-Store (India) IPO RHP for detailed information.
Naman In-Store (India) IPO Details
| IPO Date | March 22, 2024 to March 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹84 to ₹89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Fresh Issue | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,700,000 |
| Share holding post issue | 10,548,000 |
| Market Maker portion | 142,400 shares Giriraj Stock Broking |
Naman In-Store (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Naman In-Store (India) IPO Timeline (Tentative Schedule)
Naman In-Store (India) IPO opens on March 22, 2024, and closes on March 27, 2024.
| IPO Open Date | Friday, March 22, 2024 |
| IPO Close Date | Wednesday, March 27, 2024 |
| Basis of Allotment | Thursday, March 28, 2024 |
| Initiation of Refunds | Monday, April 1, 2024 |
| Credit of Shares to Demat | Monday, April 1, 2024 |
| Listing Date | Tuesday, April 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2024 |
Naman In-Store (India) IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| HNI (Min) | 2 | 3,200 | ₹284,800 |
| Lot Size Calculator | |||
Naman In-Store (India) IPO Promoter Holding
The company’s promoters are Mr. Raju Paleja, Ms. Bhavika Paleja, Mr. Jay Shah, Mr. Mehul Naik, and Mr. Abdul Shahid Shaikh.
| Share Holding Pre Issue | 100.00 |
| Share Holding Post Issue |
About Naman In-Store (India) Limited
Established in 2010, Naman In-Store (India) Limited is a retail furniture and fittings company providing retail solutions to various industries and retail outlets.
The company manufactures modular furniture for offices, beauty salons, kitchens with limited space, educational institutions, and shelving solutions for supermarkets.
The company also manufactures customized furniture and fixtures in wood, metal, and plastic for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), etc. The company operates according to a B2B (business-to-business) model.
Naman’s manufacturing facility is located in Vasai, Maharashtra, with a built-up area of approximately 1,41,687 sq. ft. The company also has 2 warehouses in Kaman, Maharashtra, and 1 in Bengaluru.
The company provides PAN India service, as of September 30, 2023, the Company has served approximately 32 retail customers and their franchisees and 04 industrial customers.
As of September 30, 2023, the total number of employees was 491.
Naman In-Store (India) Limited Financial Information (Restated)
Naman In-Store (India) Limited’s revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,598.94 | 3,074.09 | 1,693.00 | |
| Revenue | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit After Tax | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves and Surplus | 488.94 | 53.48 | 41.64 | |
| Total Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Naman In-Store (India) IPO is Rs 93.88 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| P/BV | 1.04 |
| PAT Margin (%) | 7.81 |
Check Naman In-Store (India) IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.96 | 11.73 |
| P/E (x) | 17.95 | 7.58 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Naman In-Store (India) IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Funding capital expenditure of the company to acquire land on a leasehold basis at Butibori, MIDC, and proposes to shift the company’s existing manufacturing facilities.
- Construction of factory building.
- General Corporate Purposes.
Naman In-Store (India) Limited Contact Details
Naman In-Store (India) Limited
E/13-14, Shree Sardar Patel CHSL,
Patel Baug, Nehru Road, Opp Adarsh petrol pump,
Vile Parle (E), Mumbai – 400057
Phone: +91-8087042862
Email: compliance@nipl.co
Website: http://www.namaninstore.com/
Naman In-Store (India) IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html