Amanaya Ventures IPO GMP Price, Date, Review Details – IPO Upcoming

The Amanaya Ventures IPO date has been confirmed from February 24 and ended on February 28 . Read the post to learn about Amanaya Ventures IPO GMP.

The Amanaya Ventures IPO is a fixed price offering of Rs 2.76 crores, consisting solely of 12 lakh newly issued shares. Bidding for the Amanaya Ventures IPO commenced on February 24, 2023, and concluded on February 28, 2023. The allotment process for the IPO was finalized on Friday, March 3, 2023. Subsequently, the shares were listed on the BSE SME on March 9, 2023.

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Key Details Of Amanaya Ventures IPO:

Amanaya Ventures GMP

The Amanaya Ventures IPO GMP is ₹[-2].

Amanaya Ventures IPO Overview​

Amanya Ventures Ltd. operates in two business sectors. Their wholesale division provides gold bullion delivery to domestic customers such as jewellers, goldsmiths, and semi-wholesalers. Retail clients can acquire tiny amounts of gold through the retail segment’s gold buying plan. They have created their own brand, Aurel Bullion, and the Aurel Gold purchasing Plan, which provides retail buyers with excellent, hallmarked gold purchasing plans. Aurel Bullion is an app that allows clients to purchase and sell 24k gold and silver bars.

The IPO price for Amanaya Ventures is set at ₹23 per share. The Amanaya Ventures IPO GMP is ₹[-2]. Retail investors are required to invest a minimum amount of ₹138,000, with a minimum lot size of 6000 shares for their application. On the other side, High Net Worth Individuals (HNIs) will invest in 2 lots, which have 12,000 shares with a total amount of ₹276,000.

Amanaya Ventures IPO Date & Price Band Details

IPO Date	February 24, 2023 to February 28, 2023
Listing Date	March 9, 2023
Face Value	₹10 per share
Price	₹23 per share
Lot Size	6000 Shares
Total Issue Size	1,200,000 shares (aggregating up to ₹2.76 Cr)
Fresh Issue	1,200,000 shares (aggregating up to ₹2.76 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Market Maker portion	60,000 shares

Amanaya Ventures IPO Market Lot

The minimum requirement for investors to bid is 6000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment in terms of shares and amount for both retail investors and HNI.

Application	Lot Size	Shares	Amount
Retail (Min)	1	6000	₹138,000
Retail (Max)	1	6000	₹138,000
HNI (Min)	2	12,000	₹276,000

Amanaya Ventures Ltd. Company Financials

Parameters	Year ending on As on 31st March, 2022	Year ending on As on 31st March, 2021	Year ending on As on 31st March, 2020
Total revenue	1,325.16	620.16	445.85
Profit After Tax	7.63	1.12	0.13
Total borrowings	4.93	NA	NA
Current Assets	203.62	187.05	191.51

Company Profile​

company’s objective is to provide a transparent, convenient, and cost-effective means of purchasing gold. Under the brand name “Aurel Bullion,” Amanaya Ventures Limited has established its own brand, providing customers with the advantage of relying on the product’s quality. All gold jewelry offered by the company is hallmarked by BIS, except for jewelry weighing less than two grams, which is not required to be hallmarked.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Amanaya Ventures FAQs