Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company’s products are sold and distributed through independent sales and distribution networks.
Competitive Strengths.
- The established brand.
- Management and Employee expertise.
- Understand Customer Needs.
- Existing distribution and sales networks in the domestic market and our geographical benefit.
- Quality products.
Company Promoters:
Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1417.95 | 663.55 | 286.88 | 186.62 |
| Total Revenue | 1049.52 | 1131.70 | 595.10 | 55.51 |
| Profit After Tax | 9.98 | 11.97 | 5.39 | 0.03 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purpose.
Nanavati Ventures IPO Details
| IPO Opening Date | Apr 25, 2022 |
| IPO Closing Date | Apr 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 436,000 Eq Shares of ₹10 (aggregating up to ₹2.18 Cr) |
| Fresh Issue | 436,000 Eq Shares of ₹10 (aggregating up to ₹2.18 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Nanavati Ventures IPO Tentative Timetable
The Nanavati Ventures IPO open date is Apr 25, 2022, and the close date is Apr 27, 2022. The issue may list on May 6, 2022.
| IPO Open Date | Apr 25, 2022 |
| IPO Close Date | Apr 27, 2022 |
| Basis of Allotment Date | May 2, 2022 |
| Initiation of Refunds | May 4, 2022 |
| Credit of Shares to Demat Account | May 5, 2022 |
| IPO Listing Date | May 6, 2022 |
Nanavati Ventures IPO Lot Size
The Nanavati Ventures IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
Nanavati Ventures IPO Promoter Holding
| Pre Issue Share Holding | 71% |
| Post Issue Share Holding | 52.19% |
3rd Party IPO Application
SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank. Know more…
Nanavati Ventures IPO Review
NVL is operating in a highly competitive and fragmented segment of diamond trading. Its financial data is not matching the asking price. Small equity base post IPO indicates longer gestation for migration to the mainboard. Investors should stay away from this pricy issue. Read detail review…
Company Contact Information
Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore, Navsari 396445
Phone: +91 9316691337
Email: info@nventures.co.in
Website: http://www.nventures.co.in/