Amanaya Ventures IPO will open for subscription from 24 February 2023. the company aims for an issue size of ₹2.76 Cr through this IPO.
About Company
Amanaya Ventures was formed with the objective of promoting SPOT buying and selling of Gold across India. It is bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver. The company offers wholesale delivery of bullion to domestic users like ornament manufacturers, goldsmiths, jewelers, and semi-wholesalers as well as individual customs. It is a member of ‘The Indian Bullion and Jewellers Association Ltd’ and The Federation of Indian Export Organisations.
The company also offers the Aurel Gold Purchase Plan for retail customers in order to enable them to purchase physical gold in smaller quantities. The motive of the company is to provide a transparent, convenient, and cost-effective manner for purchasing gold. Amanaya Ventures has developed its own brand under the name ‘Aurel Bullion’. The brand provides the advantage to the customers for relying on the quality of the product. All of the gold jewelry offered is hallmarked by BIS except gold jewelry weighing less than two grams which is not required to be hallmarked.
Basic details about the company
| Full name | Amanaya Ventures Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.amanaya.in/ |
The objective of the Issue
- To meet the Working Capital requirements; and
- General Corporate Expenses.
IPO Timetable
| IPO Opening date | 24 February 2023 |
| IPO Closing | 28 February 2023 |
| Basis of Allotment | 03 March 2023 |
| Initiation Refund | 06 March 2023 |
| Credit to Demat Account | 08 March 2023 |
| Listing Date | 09 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹2.76 Cr – 1,200,000 shares |
| Fresh Issue | ₹2.76 Cr – 1,200,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹23 per share |
| Lot size | 6000 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| HNI (Min) | 2 | 12,000 | ₹276,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 5M FY 2023 | |
| Revenue | 442.76 | 618.50 | 1,324.58 | 473.00 |
| Expenses | 445.47 | 618.63 | 131.53 | 468.04 |
| Net income | 0.13 | 1.12 | 7.63 | 3.92 |
Valuations & Margins
s
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.03 | 0.09 | 0.36 |
| PE ratio | – | – | 63.89 |
| RONW (%) | 4.28 | 0.45 | 0.15 |
| NAV | 19.11 | 19.22 | 8.27 |
| ROCE (%) | – | ||
| EBITDA (%) | 0.54 | 0.61 | 0.98 |
| Debt/Equity | – | – | 0.03 |
Company Promoters
- MR. Manan Mahajan
Promoter Holding
| Pre Issue Share Holding | 59.80% |
| Post Issue Share Holding | 37.50% |
Lead Manager(s)
- First Overseas Capital Limited
IPO Registrar
BEETAL FINANCIAL AND COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor
99, Madangir, Behind Local Shopping Centre
Near Dada Harsukh Das Mandir
New Delhi – 110062
Phone: +911129961281
Email: beetalrta@gmail.com
Website: www.beetalfinancial.com
Contact Details
AMANAYA VENTURES LIMITED
69-70, First Floor, Deep Complex, Court Road,
Amritsar-143001, Punjab, India
Phone: +91 9914997607
Email: info@amanaya.in
Website: www.amanaya.in
Allotment Status
Amanaya Ventures IPO allotment status is now available on Link Beetal FInancial’s website. Click on Beetal Financial IPO weblink to get allotment status.
Final thoughts
Amanaya Ventures IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
