Navoday Enterprises IPO Details
Navoday Enterprises IPO description – Navoday Enterprises is primarily engaged in offering marketing support and advertising services, management and financial consultancy services and component supply and support services to manufacturers of packaging and allied machines.
In marketing services, the company provides Outdoor, Print, Ground events/activations and digital marketing across Mumbai & Thane. Its offerings of outdoor media include advertising on hoardings, billboards on road, highways, streets, lamp post boards, mobile sign trucks, kiosks, traffic booth etc. It is also engaged in engaged in events management. Â
Its management consultancy services include market research, strategy, operations and process, corporate finance, working capital finance, project finance and financial restructuring.
Navoday Enterprises also supplies critical components to manufacturers of packaging and allied machines while also providing guidance to clients about machinery and how to install it and how to use it.
Promoters of Navoday Enterprises – Anand V Mode and Synematic Media And Consulting Private Limited
| Navoday Enterprises IPO details | |
| Subscription Dates | 14 – 17 June 2021 |
| Price Band | INR20 per share |
| Fresh issue | 2,304,000 shares (INR4.61 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,304,000 shares (INR4.61 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Navoday Enterprises financial performance (in INR lakh)
| Â | Â | FY2018 | FY2019 | FY2020 |
| Revenue | Â | 23.12 | 16.52 | 48.27 |
| Expenses | Â | 22.06 | 15.73 | 46.90 |
| Net income | Â | 0.56 | 0.35 | 1.13 |
| Net margin (%) | Â | 2.4 | 2.1 | 2.3 |
Registrar of Navoday Enterprises IPO
Satellite Corporate Services Pvt Ltd
B-302, Sony Apartment, 90 feet road,
Jarimari, Sakinaka, Mumbai – 400 072
Maharashtra, IndiaÂ
Phone: +91 22 2852 0461
Fax: +91 22 2851 1809
Email:Â [email protected]
Website: www.satellitecorporate.com
Valuation of Navoday Enterprises IPO (FY2021)
Earnings Per Share (EPS): INR7.28
Price/Earnings (PE ratio): 2.75
Return on Net Worth (RONW): 39.26%
Net Asset Value (NAV): INR18.53 per share
Navoday Enterprises IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.49 |
| Day 2 |
1.08 |
| Day 3 |
1.58 |
| Day 4 |
2.24 |
| Â | Â |
Navoday Enterprises Contact Details
Navoday Enterprises Limited
D-107, Crystal Plaza, Opposite Infinity Mall, New Link Road, Andheri West, Mumbai – 400 053, Maharashtra
Phone: +91 22 4968 6123
Email: [email protected]
Website: www.navodayenterprise.com
Navoday Enterprises IPO Allotment Status
Navoday Enterprises IPO allotment status is now available on Satellite Corporate Services’ website. Click on this link to get allotment status.Â
Listing Performance of Navoday Enterprises
IPO Opening Date: 14 June 2021
IPO Closing Date: 17 June 2021
Finalisation of Basis of Allotment: 21 June 2021
Initiation of refunds: 22 June 2021
Transfer of shares to demat accounts: 23 June 2021
Listing Date: 25 June 2021
Opening Price on NSE Startup: INR19.5 per share (down 2.5% from IPO price)
Closing Price on NSE Startup: INR18.55 per share (down 7.25% from IPO price)
To earn a revenue of INR 48.27 lakhs the company needs revenue of INR4.61 crore? Quite strange.