Nanavati Ventures IPO GMP, Review, Price, Allotment

Nanavati Ventures IPO description – The company is engaged in trading of diamonds mainly in Surat, Gujarat. Its operations include sourcing of polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in Gujarat. The company primarily sells diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers.

Nanavati Ventures procures the rough and unpolished diamonds in several sizes and shapes from the suppliers and then the processing and polishing of rough gemstone is done by skilled workers on job-work basis.

It has independent sales and distribution networks for its products. A substantial majority of its cut and polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic markets. By purchasing in large volumes, the company is able to purchase its inventory at lower prices than its major competitors, which enables it to sell its products at competitive prices.

Promoters of Nanavati Ventures – Mrs Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati

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Nanavati Ventures IPO Details

Subscription Dates	25 – 27 April 2022
Price Band	INR50 per share
Fresh issue	4,36,000 shares (INR2.18 crore)
Offer For Sale	Nil
Total IPO size	4,36,000 shares (INR2.18 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	BSE SME

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Nanavati Ventures’ Financial Performance

	FY2019	FY2020	FY2021	9M FY2022
Revenue	55.51	595.10	1,131.70	1,049.52
Expenses	55.45	587.37	1,115.95	1,036.54
Net income	0.03	5.39	11.97	9.98

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Nanavati Ventures Offer News

• Nanavati Ventures RHP
• Nanavati Ventures Draft Prospectus

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Nanavati Ventures Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR0.99
Pre-IPO Price/Earnings (PE ratio): 68.76
Return on Net Worth (RONW): 1.94%
Net Asset Value (NAV): INR51 per share

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Nanavati Ventures IPO GMP Daily Trend

Date	Nanavati Ventures IPO GMP	Kostak	Subject to Sauda

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Nanavati Ventures IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	2,18,000	2,18,000	4,36,000
Day 1	0.06	10.94	5.50
Day 2	0.54	26.46	13.50
Day 3	13.10	48.36	30.73

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Nanavati Ventures Offer Registrar

Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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Nanavati Ventures Contact Details

Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc.,
Village: Vijalpor, Taluka: Jalalpore,
Navsari- 396445
Phone: +91 9316691337
Email: [email protected]
Website: www.nventures.co.in

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Nanavati Ventures IPO Allotment Status

Nanavati Ventures IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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Nanavati Ventures IPO Timetable

IPO Opening Date	25 April 2022
IPO Closing Date	27 April 2022
Finalisation of Basis of Allotment	2 May 2022
Initiation of refunds	4 May 2022
Transfer of shares to demat accounts	5 May 2022
Listing Date	6 May 2022
Opening Price on BSE	INR50 per share (no change from IPO price)
Closing Price on BSE	INR50.3 per share (up 0.6% from IPO price)

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Nanavati Ventures IPO FAQs