Wish I would have avoided this IPO
Pavna Industries IPO
They are engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments, including, passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles. Our Company has a varied client base and we are committed to continuing to diversify our product offerings, customer base and geographical footprint, thereby minimizing our exposure to individual geographies and industry sectors.
The Company along with its subsidiaries has a diversified product portfolio, which consists of high-quality reliable parts such as Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Handles, Switches, Oil Pump, Carburetor, Throttle Body, Fuel Cocks, Injection System, Casting Components etc. They also provide aftermarket sales and services. The aftermarket products include products manufactured by us such as filters, clutch plates, bearings, wiper blades and brake shoes.
They have ultra modern manufacturing plants in India, located in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand). The facilities are located in key auto-clusters and some of the facilities are in close proximity to the plants of the OEM customers.
They undertake research and development with a focus on technologically advanced products, innovation, enhancing the products portfolio, improving the quality of the products and the manufacturing processes both independently and through cooperation with the customers. The research and development capabilities are a result of a combination of the technological knowledge of the joint venture partners and technical collaborators, and those that they have internally developed. They have entered into joint ventures and technical collaboration with Sunworld Moto Industrial Co.
As on March 31, 2020, our company had a total work force of 737 full-time employees (other than Directors) (including skilled, semi skilled and unskilled employees).
Objects of the Pavna Industries IPO:
Pavna Industries IPO Details:
|Open Date:||Feb 24 2021|
|Close Date:||Mar 01 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed issue|
|Issue Size:||29.70 Cr.|
|Lot Size:||800 Shares|
|Issue Price:||₹ 165 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Feb 09 2021|
Promoters And Management:
Financials of Pavna Industries IPO:
|Purchase of materials||3,538.41||8,987.57||9,629.27||7,583.84|
|Changes in Inventories||-198.48||-847.06||-198.22||-34.97|
|Employee Benefit Expenses||596.12||1,637.85||928.47||543.64|
|Profit before tax||79.92||612.51||795.93||489.8|
|No. of shares||60.90||60.90||60.90||60.90|
|EPS in Rs||0.45||6.71||9.62||5.32|