Namam In-Store IPO listed at ₹125, representing a 40% Premium

Naman In-Store IPO listed with 40% premium at ₹125 on NSE SME, marking strong start. Initial Public Offering (IPO) of Naman In-Store (India) was significant event in financial markets, demonstrating growing investor interest in emerging retail & fixture providers. Naman In-Store IPO was set at price band of ₹84 to ₹89 per equity share, with face value of ₹10 each, indicating company's confidence in its financial & operational strength.

Naman In-Store is known for providing retail furniture & fixtures, alongside comprehensive range of services & in-store solutions for various sectors. Naman's expertise extends to manufacturing modular furniture for educational institutions, beauty parlors, offices, low-housing kitchens, & supermarket shelving. Their ability to offer turnkey project solutions & manage both engineering & shop drawing in-house sets them apart in competitive market.

Read more about Namam In-Store IPO

Namam In-Store IPO was highly anticipated & did not disappoint, with overwhelming response from investors. It was oversubscribed by 16.32 times on first day, highlighting high demand across retail buyers, non-institutional buyers, & qualified institutional buyers (QIBs). Retail portion was booked 23.80 times, while non-institutional buyers category fetched 14.25 times subscription, & QIBs segment was booked 4.79 times. By end of subscription period, IPO was subscribed by 309.03 times, with retail portion alone seeing 328.80 times subscription. This massive oversubscription underscored market's strong interest & confidence in Naman In-Store's business model & growth prospects.

Read Naman In-Store (India) IPO Subscribed 308.96 times

Naman in Store plans to use proceeds from IPO to finance capital expenditures for business expansion, including leasing land at Butibori, MIDC for relocating its current manufacturing facilities & general corporate purposes. This strategic move is expected to bolster Naman In-Store's manufacturing capabilities & support its growth trajectory.

IPO allotment process was completed efficiently, with shares scheduled to be listed on NSE SME platform on April 2. This listing is significant milestone for Naman In-Store, offering it access to public capital markets & broader investor base. IPO's success, marked by its substantial oversubscription & positive grey market premium (GMP), indicates strong market faith in company's value proposition & growth potential.

To Summarize

Naman In-Store's IPO debut on NSE SME platform at 40% premium reflects company's strong market positioning & investor confidence. Its success is testament to company's robust business model, comprehensive product offerings, & strategic expansion plans. As Naman In-Store embarks on its journey as publicly-listed entity, it is well-poised to leverage opportunities in retail furniture & fixtures market, driving further growth & innovation.