What you must know about Naman In-Store India IPO?

About Naman In-Store (India) Limited

Naman In-Store (India) Limited, established in 2010, specializes in retail furniture & fittings, offering tailored solutions to variety of industries & retail establishments.

Company's product range includes modular furniture for offices, beauty salons, & kitchens, along with shelving solutions for supermarkets. Additionally, Naman manufactures customized furniture & fixtures in wood, metal, & plastic, catering to kiosks, complete stores, & various merchandising needs.

Operating on business-to-business (B2B) model, Naman's manufacturing facility in Vasai, Maharashtra, spans approximately 1,41,687 sq. ft. Moreover, company maintains warehouses in Kaman, Maharashtra, & Bengaluru, ensuring efficient distribution.

With PAN Indi presence, as of September 30, 2023, Naman has served around 32 retail customers & their franchisees, in addition to four industrial clients. company boasts workforce of 491 employees as of same date.

In its upcoming IPO, Naman In-Store (India) Limited intends to utilize funds raised to achieve several key objectives. Firstly, it aims to finance capital expenditure required for acquiring leasehold land in Butibori, MIDC, where it plans to relocate its existing manufacturing facilities. Additionally, company plans to construct new factory building to support its expanding operations. remaining proceeds will be allocated towards general corporate purposes.

Highlights of Naman In-Store IPO (India)

1. Naman In-Store (India) IPO, valued at Rs 25.35 crores, comprises fresh issue of 28.48 lakh shares.
2. Naman In-Store (India) IPO subscription opens on March 22, 2024, & closes on March 27, 2024.
3. Allotment for IPO is anticipated to be finalized by Thursday, March 28, 2024. IPO is slated to be listed on NSE SME, with tentative listing date set for Tuesday, April 2, 2024.
4. Naman In-Store (India) IPO price band is fixed at ₹84 to ₹89 per share.
5. Retail investors can apply for minimum of 1600 shares, requiring investment of ₹142,400.
6. For High Net Worth Individuals (HNIs), minimum lot size is 2 lots (3,200 shares), amounting to ₹284,800.

GYR Capital Advisors Private Limited is book running lead manager of Naman In-Store (India) IPO, while Bigshare Services Pvt Ltd is registrar for issue. market maker for Naman In-Store (India) IPO is Giriraj Stock Broking.

Naman In-Store (India) Limited allocation & lot size for investment

Naman In-Store (India) Limited will be distributed among retail investors, Qualified Institutional Buyers (QIBs) & High Net Worth Individuals (HNIs) / Non-Institutional Investors (NIIs). Allocation breakdown for overall Naman In-Store (India) Limited is mentioned below.

Lot sizes for investing in Naman In-Store (India) Limited

Naman In-Store (India) IPO offers investors opportunity to bid for shares with minimum lot size of 1600 shares, with option to increase their investment in multiples of this lot size.

For retail investors, minimum application is set at 1 lot, equivalent to 1600 shares, requiring investment of ₹142,400. Similarly, maximum investment allowed for retail investors is 1 lot, totalling ₹142,400. On other hand, High Net Worth Individuals (HNIs) have higher threshold, with minimum application size of 2 lots, or 3200 shares, amounting to ₹284,800.

This structure ensures accessibility for retail investors while accommodating larger investments from HNIs, contributing to diverse investor base for IPO.

Key dates for Naman In-Store (India) Limited?

Naman In-Store (India) Limited's IPO journey begins with its Opening Date on Friday, March 22, 2024, inviting investors to subscribe to its shares. IPO period closes on Wednesday, March 27, 2024, followed by Allotment Date on Thursday, March 28, 2024.

For investors who are not allotted shares, refunds are processed on Monday, April 1, 2024, coinciding with credit of shares to demat account of successful allottees.

Much-awaited Listing Date is scheduled for Tuesday, April 2, 2024, when Naman In-Store (India) Limited shares will debut on NSE SME platform.

These key dates provide clear timeline for investors to participate in IPO process, receive refunds if not allotted shares, & anticipate listing of Naman In-Store (India) Limited on stock exchange.

Naman In-Store (India) Limited Financial Information

Naman In-Store (India) Limited's revenue increased by 193.48% & profit after tax (PAT) rose by 1696.28% between financial year ending with Mar 31, 2023 & Mar 31, 2022.

1. Naman In-Store (India) Limited witnessed remarkable financial growth from March 31, 2022, to Mar 31, 2023, with staggering 193.48% increase in revenue, reaching ₹14,993.50 lakhs.
2. During same period, company's profit after tax (PAT) soared by impressive 1696.28%, reflecting efficient cost management & improved operational performance.
3. Substantial growth in revenue & profit contributed to substantial increase in Naman In-Store (India) Limited's total assets, which surged to ₹5,598.94 lakhs by Sep 30, 2023, compared to ₹3,074.09 lakhs in previous year.
4. Additionally, company's net worth experienced significant boost, reaching ₹1,203.48 lakhs by Sep 30, 2023, showcasing enhanced financial stability & strength.
5. Naman In-Store (India) Limited's reserves & surplus also saw notable increase, climbing to ₹488.94 lakhs by Mar 31, 2023, indicating retained earnings & positive financial performance.
6. Despite impressive growth, company's total borrowing increased to ₹3,166.06 lakhs by Sep 30, 2023, reflecting higher reliance on external financing to support expansion & operational needs.

Overall, Naman In-Store (India) Limited's financial data demonstrates robust growth in revenue, profit, & asset base, underlining its sound financial health & potential for future expansion & profitability.