Naman In-Store India IPO will open for subscription from 22 March 2024. The company aims for an issue size of ₹25.35 Cr through this IPO.
Company Overview
| Full name | Naman In-Store (India) Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Household & Personal Products |
| Company Website | http://www.namaninstore.com/ |
About Company
Naman In-Store (India) stands out as a prominent provider of display and retail furniture and fixtures, offering a wide range of solutions tailored to diverse industries and retail stores. Additionally, the company manufactures modular furniture for offices, beauty stores, low-cost housing kitchens, educational institutions, and supermarket shelving solutions.
The company specializes in offering comprehensive solutions for multiple retail stores and industries, handling all engineering and shop drawings in-house, under one roof. They manufacture customized furniture and fixtures in wood, metal, and plastic for in-store use, including kiosks, full shops, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sales Merchandising (POSM), and more. Operating on a Business-to-Business (B2B) model, they cater to the specific needs of their clients efficiently.
The company offers PAN India services, having served approximately 32 retail customers and their franchises, along with 4 industrial customers as of 30 September 2023. The total employee count as of the same date stands at 491 employees.
The Objectives of the Issue
- Funding capital expenditure of the company to acquire land on a leasehold basis at Butibori, MIDC, and proposes to shift the company’s existing manufacturing facilities.
- Construction of factory building.
- General Corporate Purposes.
Naman In-Store India IPO Timetable
| IPO Opening date | 22 March 2024 |
| IPO Closing | 27 March 2024 |
| Basis of Allotment | 28 March 2024 |
| Initiation Refund | 01 April 2024 |
| Credit to Demat Account | 01 April 2024 |
| Listing Date | 02 April 2024 |
Naman In-Store India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹25.35 Cr – 2,848,000 shares |
| Fresh Issue | ₹25.35 Cr – 2,848,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹84 to ₹89 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 142,400 shares |
| Shareholding pre-issue | 7,700,000 |
| Shareholding post-issue | 10,548,000 |
| Listing Exchange | NSE SME |
Naman In-Store India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹142,400 |
| Retail (Max) | 1 | 1600 | ₹142,400 |
| HNI (Min) | 2 | 3,200 | ₹284,800 |
Naman In-Store India IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Naman In-Store India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 13.38 | 50.99 | 149.85 | 79.22 |
| Expenses | 12.64 | 48.18 | 139.20 | 66.89 |
| Net income | 0.05 | 0.21 | 3.82 | 6.19 |
Naman In-Store India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.10 | 0.43 | 4.96 |
| PE ratio | – | – | 16.94 – 17.94 |
| RONW (%) | 3.86 | 10.47 | 65.30 |
| NAV | 14.63 | 14.49 | 41.76 |
| ROCE (%) | 3.81 | 6.82 | 23.98 |
| EBITDA (%) | 5.74 | 5.70 | 7.16 |
| Debt/Equity | – | – | – |
Company Promoters
- Mr. Raju Paleja
- Ms. Bhavika Paleja
- Mr. Jay Shah
- Mr. Mehul Naik
- Mr. Abdul Shahid Shaikh.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Naman In-Store India IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Naman In-Store India Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Naman In-Store India Contact Details
NAMAN IN-STORE (INDIA) LIMITED
Kantharia Industrial Estate, Survey No.: 90/3/2/B,
Opp. Sopara Phata Police Station, At & Post-Pelhar,
N.H. No. 8, Taluka- Vasai, Dist Palghar-401208
Phone: +91 8087042862
E-mail: compliance@nipl.co
Website: www.namaninstore.com
Naman In-Store India IPO Allotment Status
Naman In-Store IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Naman In-Store India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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
