Parshva Enterprises IPO description – Parshva Enterprises is engaged in the wholesale supply and trading of precious stones, primarily cut and polished diamonds and sells its products to clients domestically. The company deals in variety of diamonds which include both rough and polished diamonds. It mainly deals in diamonds of 0.10 – 5.0 carats. The company only deals in natural diamonds that are free from any treatment or enhancement and guarantees that the diamonds are conflict free, based on personal knowledge and / or written guarantees by suppliers.
It is also engaged in gold jewellery business, primarily selling products like Chains, Bangles, Necklace, Pendant, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, and other precious stones. Parshva Enterprises is also engaged in investment in real estate properties in Maharashtra and Gujarat for the purpose of selling them for trading gains.
Parshva Enterprises promoters – Prashant A Vora
| Parshva Enterprises – Upcoming IPO details | |
| Subscription Dates | 19 – 21 June 2019 |
| IPO Price band | INR45 per share |
| Fresh issue | 810,000 shares (INR3.65 crore) |
| Offer for sale | Nil |
| Total IPO size | 810,000 shares (INR3.65 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR3.45 crore
- Issue Expenses – INR0.20 crore
| Parshva Enterprises’ standalone financial performance (in INR crore) | ||||||
| FY2018 | FY2019 | |||||
| Total revenue | 4.77 | 7.13 | ||||
| Total expenses | 4.70 | 6.68 | ||||
| Profit after tax | 0.04 | 0.30 | ||||
Parshva Enterprises Contact Details
Parshva Enterprises LimitedÂ811, A Wing, Jaswanti Allied Business Centre
Ramchandra Lane Extn., Malad West
Mumbai – 400064 Phone: +91 22 4972 9700
Email: [email protected]
Website:Â www.parshvaenterprises.co.in
Parshva Enterprises IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.38 |
| Day 2 | 0.71 |
| Day 3 | 1.13 |
Parshva Enterprises Valuation (For FY2019)
Earnings Per Share (EPS): INR1.50
Price/Earnings (P/E) ratio: 30
Return on Net Worth (RONW): 9.38%
Net Asset Value (NAV): INR14.55 per share
Registrar of Parshva Enterprises IPO
Bigshare Services Private LimitedÂE2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072 Phone: +91 22 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Parshva Enterprises IPO Allotment Status
Parshva Enterprises IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Parshva Enterprises
IPO Opening Date: 19 June 2019
IPO Closing Date: 21 June 2019
Listing Date: 1 July 2019
Listing Price on BSE SME: INR45.85 per share (up 1.89% from IPO price)
Closing Price on BSE SME: INR46 per share (up 2.22% from IPO price)
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