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
- 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
| 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
| 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% |
Nanavati Ventures IPO Prospectus
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/ |
Nanavati Ventures IPO Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: nvl.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Nanavati Ventures IPO FAQs
| When Nanavati Ventures IPO will open? The Nanavati Ventures IPO dates are 25 April 2022 To 27 April 2022 |
| What is the lot size of Nanavati Ventures IPO ? Nanavati Ventures IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Nanavati Ventures IPO ? You can apply in Nanavati Ventures IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Nanavati Ventures IPO listing date? The Nanavati Ventures IPO listing date is announced. The date of Nanavati Ventures IPO listing is [06 May 2022]. |
