Active Stocks
Thu Jun 20 2024 15:29:59
  1. Tata Steel share price
  2. 182.85 1.56%
  1. HDFC Bank share price
  2. 1,666.75 0.53%
  1. ITC share price
  2. 423.70 0.00%
  1. Tata Motors share price
  2. 979.00 0.16%
  1. State Bank Of India share price
  2. 845.00 -0.89%
Business News/ Markets / Ipo/  Naman In-Store (India) IPO: Price band, issue size, other key details to know
BackBack

Naman In-Store (India) IPO: Price band, issue size, other key details to know

Naman In-Store IPO will open for subscription on Friday, March 22, and close on Wednesday, March 27. Bids can be placed for multiples of 1,600 shares, with a minimum bid of 1,600.

Naman In-Store (India) IPO price band has been set in the range of ₹84 to ₹89 per equity share of face value of ₹10 each. (https://www.namaninstore.com/)Premium
Naman In-Store (India) IPO price band has been set in the range of 84 to 89 per equity share of face value of 10 each. (https://www.namaninstore.com/)

Naman In-Store (India) IPO price band has been set in the range of 84 to 89 per equity share of face value of 10 each. Naman In-Store IPO will open for subscription on Friday, March 22, and close on Wednesday, March 27. Naman In-Store (India) IPO lot size consists of 1,600 shares. Bids can be placed for multiples of 1,600 shares, with a minimum bid of 1,600. The floor price is 8.4 times of the face value and the cap price is 8.9 times of the face value of the equity shares.

The company is a well-known provider of retail furniture and fixtures, with a wide range of services and in-store solutions for different sectors and retail locations, according to its Red Herring Prospectus (RHP).

The company also makes modular furniture for educational institutions, beauty parlours, workplaces, low-housing kitchens, and supermarket shelving.

Also Read: Pratham EPC Projects share price makes a stellar debut, stock opens with 51% premium at 113.30 apiece on NSE SME

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

The company brings together all the resources required to satisfy the demands of any fit-out project under one roof, specialising in the design and implementation of turnkey projects.

Since both engineering and shop drawing are done internally, under one roof, the firm specialises in offering one-stop solutions across various retail outlets and sectors.

There are no listed businesses in India that conduct business in a comparable manner to the firm, the company said in its RHP. They haven't, therefore, given a comparison of the industry with respect to the the company.

Between the fiscal year ending on March 31, 2023, and March 31, 2022, the company had a 193.48% rise in revenue and a 1696.28% jump in profit after tax (PAT).

Also Read: Krystal Integrated Services IPO: GMP, subscription status, review, other details. Apply or not as bidding ends today?

Naman In-Store (India) IPO details 

Naman In-Store IPO, which is worth about 25.35 crore, comprises a fresh issue of 28,48,000 equity shares with a face value of 10. There is no offer-for-sale component, and this is an entirely fresh issue.

The company plans to use the issue proceeds for the following purposes: financing capital expenditures for their business to leasehold land at Butibori, MIDC, where it plans to relocate its current manufacturing facilities; building a factory building; and general corporate purposes.

The Naman In-Store (India) IPO's registrar is Bigshare Services Pvt Ltd, and its book running lead manager is GYR Capital Advisors Private Limited. Giriraj Stock Broking is the market maker for the Naman In-Store IPO.

Also Read: AVP Infracon IPO allotment to be finalised today; check GMP, 5 steps to check status

15% of the shares in the Naman In-Store IPO are reserved for non-institutional institutional investors (NII), 50% of the shares are reserved for qualified institutional buyers (QIB), and not less than 35% of the offer is reserved for retail investors. The market maker portion reserved is up to 1,42,400 shares or 5% of the issue. 

Tentatively, Naman In-Store (India) IPO basis of allotment of shares is scheduled to be out Thursday, March 28, and the company will initiate refunds on Monday, April 1, while the shares will be credited to the demat account of allottees on the same day following refund. Naman In-Store share price is likely to be listed on NSE SME on Tuesday, April 2.

Also Read: IPOs next week: 3 new public issues, 9 listings scheduled to keep primary market busy

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.

 

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Mar 2024, 11:47 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started