Naman In-Store (India) Limited is a retail furniture and fittings company providing 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 company has a total number of 491 employees.
Naman In-Store (India) IPO – Details
| IPO Opening Date | 22 March 2024 |
| IPO Closing Date | 27 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 28,48,000 Shares Worth ₹25.35 Crore Fresh Issue: 28,48,000 Shares Worth ₹25.35 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹84 – ₹89 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Naman In-Store (India) IPO – Date Schedule
| IPO Open Date | 22 March 2024 |
| IPO Close Date | 27 March 2024 |
| Basis of Allotment | 28 March 2024 |
| Initiation of Refund | 01 April 2024 |
| Credit of Shares to Demat Account | 01 April 2024 |
| IPO Listing Date | 02 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2024 |
Naman In-Store (India) IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,42,400 |
| Retail (Maximum) | 1 | 1600 | ₹1,42,400 |
| HNI (Minimum) | 2 | 3200 | ₹2,84,800 |
Competitive Strengths
- The company is prominent in the domestic retail store furniture and fixture market.
- The company possesses a highly skilled and experienced team with strong engineering expertise. This talent pool allows us to conceptualize and deliver innovative fixture solutions tailored to their client’s needs.
- The company is equipped with hi-tech, advanced machinery that enhances production capabilities and ensures precision in manufacturing.
- Multi-Material Process Strength- The Company’s ability to work with a variety of materials, including metal, wood, and plastic, gives us a competitive edge. The company can provide versatile and custom finishes.
- PAN India offerings: The company has such capabilities and experience that it can efficiently cater to clients’ requirements across the entire country, ensuring timely deliveries and superior service.
- Warehousing Facility: The company operates a spacious 74,000 sq. ft. warehousing facility for storing finished goods and efficient dispatch. This strategic setup allows the company to keep its factory shop floor dedicated to production and assembly, effectively increasing its capacity to handle larger business turnovers.
- The company possesses advanced facilities and a talented pool of resources, enabling us to undertake diverse industrial fabrication projects.
- With the company’s existing infrastructure, the company can scale operations to meet increasing demand, positioning us favorably in the industrial fabrication space.
Company Promoters
- Mr. Raju Paleja
- Ms. Bhavika Paleja
- Mr. Jay Shah
- Mr. Mehul Naik
- Mr. Abdul Shahid Shaikh
Object Of The Issue
- 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 13.41 | 13.31 | 0.05 | 10.23 |
| 31 March 2022 | 51.09 | 50.80 | 0.21 | 18.83 |
| 31 March 2023 | 149.93 | 144.61 | 3.81 | 29.44 |
| 30 September 2023 | 79.29 | 70.52 | 6.18 | 31.66 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 69.22% |
| ROCE | 24.51% |
| RoNW | 51.42% |
| P/BV | 1.04 |
| PAT Margin (%) | 7.81 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.96 | 11.73 |
| P/E (x) | 17.95 | 7.58 |
Naman In-Store (India) IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Naman In-Store (India) IPO Prospectus
Company Contact Information
| 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 |
Naman In-Store (India) IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Naman In-Store (India) IPO FAQs
| What is Naman In-Store (India) IPO? Naman In-Store (India) IPO is a SME IPO. The issue is priced at ₹84 – ₹89 per equity share. The IPO is to be listed on NSE SME. |
| When Naman In-Store (India) IPO will open? The IPO is to open on 22 March 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Naman In-Store (India) IPO? You can apply for Naman In-Store (India) IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Naman In-Store (India) IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Naman In-Store (India) IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Naman In-Store (India) IPO Size? Naman In-Store (India) IPO size is ₹25.35 crores. |
| What is Naman In-Store (India) IPO Price Band? Naman In-Store (India) IPO Price Band is ₹89. |
| What is Naman In-Store (India) IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,42,400 amount while the maximum bid is 1600 shares with ₹1,42,400. |
| What is the Naman In-Store (India) IPO Allotment Date? Naman In-Store (India) IPO allotment date is 28 March 2024. |
| What is the Naman In-Store (India) IPO Listing Date? Naman In-Store (India) IPO listing date is 02 April 2024. The IPO is to list on NSE SME. |
