The Naman In-Store (India) IPO date has been confirmed from March 22, 2024 and closes on March 27, 2024. Read the post to learn about Naman In-Store (India) IPO GMP.
Get ready to dive in! Naman In-Store (India) Developers is revving up for its IPO, aiming for Rs 25.35 crores. The share prices are set between ₹84 to ₹89. To get started, you’ll need a minimum of 1600 shares. Retail investors, that means investing at least ₹142,400. And for the HNIs, it’s a minimum of 2 lots or 3,200 shares, setting them back ₹284,800. The Company going public may bring far-reaching effects upon the industry and even affect the entire market system.
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Bidding Dates
March 22-27
Price Range
₹84 to ₹89 per share
Face Value
₹10 per share
GMP
₹45
Naman In-Store (India) IPO GMP
The Naman In-Store (India) IPO GMP Today is ₹45.
IPO Overview
Invest in the future with Naman In-Store (India) IPO, valued at Rs 25.35 crores, presenting 28.48 lakh shares. Subscription begins on March 22, 2024, and ends on March 27, 2024. By Thursday, March 28, 2024, allocations are anticipated to be finalized, with a prospective listing on Tuesday, April 2, 2024, on NSE SME. The Company’s IPO underwriters gauge market demand and investor feedback, trying to optimize offering size and the proposed price.
Considering investing in the Naman In-Store (India) IPO? The share price ranges from ₹84 to ₹89. Naman In-Store (India) IPO GMP Today is ₹70. To participate, you’ll need a minimum of 1600 shares, which comes to ₹142,400 for retail investors and ₹284,800 for HNIs, who must invest in at least two lots. The Naman In-Store’s IPO regulatory review also emphasizes how critical it is to be in compliance and transparent when dealing in public markets.
Naman In-Store (India) IPO Details
| IPO Date | March 22, 2024 to March 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹84 to ₹89 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Fresh Issue | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,700,000 |
| Share holding post issue | 10,548,000 |
| Market Maker portion | 142,400 shares |
Naman In-Store (India) Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,598.94 | 3,074.09 | 1,693.00 | |
| Revenue | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit After Tax | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves and Surplus | 488.94 | 53.48 | 41.64 | |
| Total Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
| Amount in ₹ Lakhs | ||||
Naman In-Store (India) IPO Timeline
| IPO Open Date | Friday, March 22, 2024 |
| IPO Close Date | Wednesday, March 27, 2024 |
| Basis of Allotment | Thursday, March 28, 2024 |
| Initiation of Refunds | Monday, April 1, 2024 |
| Credit of Shares to Demat | Monday, April 1, 2024 |
| Listing Date | Tuesday, April 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 27, 2024 |
Company Profile
Naman In-Store (India) Limited, established in 2010, has become synonymous with quality and innovation in the retail furniture and fittings sector. Their versatile product offerings include modular furniture solutions suitable for diverse environments like educational institutions, beauty salons, offices, and compact kitchens, alongside specialized shelving solutions designed to enhance the shopping experience in supermarkets. The IPO offered a chance for the Company to chat face-to-face with its potential investors and discuss any concerns they might have. Additionally, the company produces custom-made wood, metal, and plastic furniture and fixtures for kiosks, full-stores, countertop units (CTU), countertop display units (CDU), point-of-sale
merchandising (POSM), etc. The business follows a business-to-business (B2B) model. The manufacturing facility of Naman is situated in Vasai, Maharashtra, and spans an approximate built-up area of 1,41,687 square feet. Operating out of Bengaluru and two locations in Kaman, Maharashtra, the company had catered to approximately 32 retail customers and 4 industrial clients by September 30, 2023. Their services extend across India, with a workforce of 491 individuals.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Naman In-Store (India) Limited |
| Phone number | +91-8087042862 |
| Email ID | compliance@nipl.co |
| Website | namaninstore.com |
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.
