Amanaya Ventures Limited IPO

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i. Amanaya Ventures is 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 and offer wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewellers and semi wholesalers as well as individual customs. The Company is a member of “Indian Bullion and Jewellers Association Ltd” and “Federation of Indian Export Organisations”

ii. They have developed an app Aurel Bullion which is available at the play store which provides digital platform to buy and sell 24k Gold and Silver bars and coins to retail as well as the wholesale customers at a lowest possible price in an easy, simple and a transparent manner. The company has also developed an E-commerce Portal, www.aurelbullion.com specifically for the retail customers in order to enable them to purchase 24k Gold and Silver bars and coins. Their Product Portfolio offers a mainly 24K Gold and Silver Bars and Coins according to customer specifications and in standard sizes and weights

iii. Products Portfolio

i. Gold & Silver Bars and Coins and Amritsari Antique JadauJewellery:

They offer Gold & Silver bars and coins with 24K purity to our customers both through online platform i.e. Their App Aurel Bullion as well as through offline mode also. The company also provide its B2b and B2c clients the Antique JadauJewellery which is being manufactured at Amritsar, Punjab.

ii. Aurel Gold Purchase Plan:

This solution has been designed for its retail customers in order to enable them to purchase physical gold in the smaller quantities in transparent, convenient and cost effective manner. In this plan the customer fixes the upfront rate by paying 25% advance and balance amount collected on monthly basis subject to maximum of 11 Months.

iii. Corporate Advisory Services:

They provide the financial advisory services to the Small Business Owners (SBO’s) in the field of restructuring, compliance and risk management. This is the capacity building initiative from the company in order to empower the SBO’s to face the business challenges.

iv. Digital Platforms

i. Aurel Bullion – Mobile Application

v. Competitive Strengths
i. Use of the established Brand name
ii. Quality Assurance
iii. Experience Management
iv. Well established and cordial relationship with our supplier.

 

Objects of the Amanaya Ventures Limited IPO:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects: i. To meet the Working Capital requirements; and ii. General Corporate Expenses.  
DRHP of Amanaya Ventures Limited IPO
RHP of Amanaya Ventures Limited IPO

Amanaya Ventures Limited IPO Details:

Open Date: Feb 24 2023
Close Date: Feb 28 2023
Total Shares: 1,200,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 2.76 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 23 Per Equity Share
Listing At: BSE SME
Listing Date: Mar 09 2023

Promoters And Management:

(i) Mr. Manan Mahajan, aged 43 years, is the Founder, Whole Time Director and Chief Financial Officer. He is Commerce Graduate, Post Graduate Diploma Holder in Business Management and a Law Graduate and Certified from IIT Delhi on Digital Marketing Programme. He has 18 years of experience in the fields of Finance, Accounting, Compliance and Business Development. He has been associated with the Bullion Trading Industry since 2014 and gradually he converted Amanaya into a bullion trading company. Mr. Mahajan has widely travelled all over the India in connection of promotion of business and learning evolving practices in Bullion Trade. Under his leadership the company has been successful in developing a digital trading platformfor the products domestically. He is responsible for the Finance, Accounting, Sourcing and Product Pricing in the Company. (ii) Mrs. Rajni Mahajan, aged 37 years, is the Managing Director. She is graduate, Msc (IT) andhas over a decade of practical experience in the field of administration and relationship management. She is instrumental in the growth of the business and has developed vibrant relations with the customers. She is responsible for overall supervision and management of the business in the company. (iii) Mr. Harvinder Singh Dhami, aged 57 years, is a Non-Executive Independent Director of the company. He is B.COM, M.COM, MBA and LLB pass out professional. He is also the member of Insolvency and Bankruptcy Board of India. He has experience of over 32 years in the field of Accounting, Taxation and Compliance and worked in various positions with different organizations for 27 years. Presently he is practicing as an Advocate and registered with Bar Council of Amritsar and Tax Bar Association Amritsar.  

Financials of Amanaya Ventures Limited IPO:

Particulars ( In Lakhs ) 5MFY23 2022 2021 2020
Revenue from Operations 473 1324 618 442
Other Income - 0.57 1 3
Total Revenue 473 1325 620 445
Cost of Materials Consumed - - - -
Purchase of Stock-in-Trade 539 1277 594 472
Changes in inventories -80 17 -3 -48
Employee Benefits Expense 4 10 14 12
Other Expenses 3 6 10 6
EBITDA 6 12 3 2
Depreciation & Amortisation 1 2 1 1
Finance Cost 0.15 0.56 0.30 0.14
EBIT 5 10 1 0.52
OPM (%) 1.31% 0.98% 0.61% 0.54%
PBT 4 9 1 0.38
Taxes 1 2 0.40 0.14
PAT 3 7 1 0.12
NPM (%) 0.83% 0.58% 0.18% 0.03%
No.of Shares 37 37 37 37
EPS 0.104 0.204 0.029 0.003
P/E 219.48 112.68 768.44 6629.94

Comparison With Peers:

Name of the Company Revenue (Cr) Profit (Cr) P/E EPS CMP Mcap (Cr)
Amanaya Ventures Limited 13 0.07 112.68 0.20 23.00 8
O. P. Chains Limited 0.97 0.05 160.71 0.07 11.25 8

Recommendation on Amanaya Ventures Limited IPO:

Review and Recommendation of Amanaya Ventures Limited IPO is 2/10 (i) This company promotes gold spot buying and selling across India. (ii) They trade gold and silver bars and coins of various sizes and weights to domestic customers such as ornament manufacturers, goldsmiths, jewellers, semi wholesalers, and individual customs. Their company belongs to the Federation of Indian Export Organisations and Indian Bullion & Jewellers Association Ltd. (iii) Via app Aurel Bullion they purchase and sell 24k Gold and Silver bars and coins to retail and wholesale customers at the lowest possible price in a quick, simple, and transparent manner. (iv) They also offer an e-commerce portal, www.aurelbullion.com, enabling retail customers to buy 24k Gold and Silver bars and coins and supply their B2B and B2C clientele with Amritsar-made Antique JadauJewellery. (v) Products:- a) Gold & Silver Bars and Coins and Amritsari Antique JadauJewellery. b) Aurel Gold Purchase Plan. c) Corporate Advisory Services. (vi) The Revenue has Increased from Rs.4 Crore in FY20 to Rs 13 Crore in FY22. (vii) The EBITDA has Increased from 2 Lakhs in FY20 to 12 Lakhs in FY22. (viii) The PAT has Increased from 12 Thousands in FY20 to 7 Lakhs in FY22. (ix) As per FY22, CFO/EBITDA is 2.99 and Debtors Days is 1. (x) As per FY22, EPS is 0.20, Market Capitalization is 8 Crore & P/E is 112.68x.

Lead Manager of Amanaya Ventures Limited IPO:

  1. First Overseas Capital Limited

Company Address:

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/

Discussion on Amanaya Ventures Limited IPO:

1 Comment

    Due to high working capital requirement company is not able to generate cash from operations.

    Reply

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