Naman In-Store (India) is scheduled to hit the market on March 22, 2024 and close on March 27, 2024. Naman In-Store (India) plans to raise around ₹25.35 Cr through an IPO with a sale of up to 2,848,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Naman In-Store (India), established in 2010, is a prominent retail furniture and fittings company based in India. Specializing in providing modular furniture solutions to a diverse range of industries and retail outlets, the company offers tailored products for offices, beauty salons, compact kitchens, educational institutions, and shelving solutions for supermarkets. Operating on a business-to-business (B2B) model, Naman also excels in crafting customized furniture and fixtures using wood, metal, and plastic materials for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), among others.
Located in Vasai, Maharashtra, Naman's manufacturing facility spans an impressive 1,41,687 sq. ft. Additionally, the company manages warehouses in Kaman, Maharashtra, and Bengaluru to streamline its operations efficiently. With a dedicated workforce of 491 employees as of September 30, 2023, Naman In-Store has successfully catered to approximately 32 retail customers and their franchisees along with four industrial clients nationwide. By offering PAN India services, the company continues to uphold its commitment to delivering quality retail solutions while maintaining a strong presence in the market.
Naman In-Store (India) IPO Details
Naman In-Store (India) IPO opens on March 22, 2024, and closes on March 27, 2024. The Listing date for Naman In-Store (India) IPO is on April 2, 2024. The price band for IPO is ₹84 to ₹89 per share and lot size of 1600 Shares.
| IPO Date | Mar 22, 2024 to Mar 27, 2024 |
| Listing Date | April 2, 2024 |
| Price | ₹84 to ₹89 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹25.35 Cr |
| Face Value | ₹10 per share |
Naman In-Store (India) IPO Tentative Timetable
Naman In-Store (India) opening date is March 22, 2024 and close date is March 27, 2024. The IPO allotment date is March 28, 2024. The refund initiation of IPO is on April 1, 2024. The credit of shares in demat account is on April 1, 2024. The listing date is on April 2, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 22, 2024 |
| IPO Closing | Mar 27, 2024 |
| IPO Allotment Date | Mar 28, 2024 |
| Refund Initiation | April 1, 2024 |
| Shares Credit to Demat | April 1, 2024 |
| Lisiting Date | April 2, 2024 |
Naman In-Store (India) IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹142,400 |
| Retail(Maximum) | 1 | 1600 | ₹142,400 |
| HNI (Minimum) | 2 | 3200 | ₹284,800 |
Naman In-Store (India) IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Naman In-Store (India) IPO Review
Naman In-Store (India) Limited's IPO presents an exciting opportunity for investors looking to capitalize on the company's impressive growth trajectory. Established in 2010, Naman specializes in manufacturing modular furniture for a wide range of industries and retail outlets, operating on a business-to-business model. The company's financial performance has been remarkable, with a substantial 193.48% increase in revenue and a staggering 1696.28% rise in profit after tax between March 2022 and March 2023.
Investors considering Naman In-Store (India) IPO will find the company's key performance indicators to be particularly attractive. With a robust Return on Equity (ROE) of 69.22%, Return on Capital Employed (ROCE) of 24.51%, and Profit After Tax margin of 7.81%, Naman demonstrates strong operational efficiency and profitability. The post-issue Earnings Per Share (EPS) of Rs 11.73 and a Price-to-Earnings (P/E) ratio of 7.58 suggest favorable valuation metrics, indicating potential value for investors seeking long-term growth opportunities.
Furthermore, Naman's strategic objectives for utilizing the IPO proceeds underscore its commitment to expansion and innovation. By funding capital expenditure to acquire land for a new manufacturing facility and constructing a factory building, the company aims to enhance its production capacity and operational capabilities. These initiatives align with Naman's vision of sustainable growth and development, making the IPO a compelling investment proposition in the dynamic retail furniture industry of India.
Naman In-Store (India) IPO Subscription Status (Bidding Details)
Table not foundNaman In-Store (India) IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Naman In-Store (India) IPO FAQs
What is Naman In-Store (India) IPO?
Naman In-Store (India) is issuing 2,848,000 equity shares with a face value of ₹10 each, totaling up to ₹25.35 Cr. The shares are being offered at a price of ₹84 to ₹89 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Naman In-Store (India) IPO will open?
Naman In-Store (India) will open on March 22, 2024 for QIB, NII, and Retail Investors.
When Naman In-Store (India) IPO will end?
Naman In-Store (India) will end on March 27, 2024.
What is Naman In-Store (India) IPO Size?
Naman In-Store (India) IPO size is ₹25.35 Cr.
What is Naman In-Store (India) IPO Price Band?
Naman In-Store (India) price band is ₹84 to ₹89 per share.
What is the Naman In-Store (India) IPO Allotment Date?
Naman In-Store (India) allotment date is March 28, 2024.
What is the Naman In-Store (India) IPO Listing Date?
Naman In-Store (India) listing date is April 02, 2024. The IPO is to be listed on BSE and NSE.
How to Naman In-Store (India) IPO through Zerodha?
To apply for the IPO “Naman In-Store (India)” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Naman In-Store (India) IPO through Upstox?
To apply for the IPO “Naman In-Store (India)” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Naman In-Store (India) IPO Allotment Status?
For Naman In-Store (India) IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Naman In-Store (India) IPO GMP?
You can check out here: Naman In-Store (India) IPO GMP