Avoid this IPO.
Nanavati Ventures Limited IPO
i. Nanavati Ventures is engaged in trading of diamonds majorly in Surat, Gujarat. They operations include sourcing of polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in Gujarat. They primarily sell diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers.
ii. The Company was engaged into the business of trading of diamonds since the day of incorporation. They procure the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone is done by skilled workers on job-work basis.
iii. The company have independent sales and distribution networks for our products. A substantial majority of their cut and polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic markets. They procure diamond from suppliers at domestic level.
- 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.
Objects of the Nanavati Ventures Limited IPO:
Nanavati Ventures Limited IPO Details:
|Open Date:||Apr 25 2022|
|Close Date:||Apr 27 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||2.18 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 50 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||May 06 2022|
Promoters And Management:
Financials of Nanavati Ventures Limited IPO:
|Particulars (in Lakhs)||Dec-21||Mar-21||Mar-20||Mar-19|
|Purchases of Stock in Trade||1,465||1,087||398||230|
|Change in Inventories||-457||-0.10||185||-176|
|Employee Benefits Expense||23||16||4||1|
|Profit before tax||13||16||8||0.06|
|Total Tax Exps||3.00||3.81||2.34||0.02|
|No. of shares||16.46||16.46||16.46||16.46|
Comparison With Peers:
|Name of the company||EPS||P/E||Revenue (Rs. In Lakh)|
|Nanavati Ventures Limited||0.72||70||1124|
|Narbada Gems and Jewellery Ltd.||1.34||35||3,801|
|Tribhovandas Bhimji Zaveri Limited||6.48||10.95||134,199|