Naman In Store (india) Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Naman In-Store

CMP

93.40

+2.85 (3.15%)

  • DRHP
₹89

Offer Price

₹ 25.35 Cr

Issue Size

₹ 1,42,400

Min Investment

1,600

Lot size

Time Line

  • 22
    Mar 2024
    Open
  • 27
    Mar 2024
    Close
  • 28
    Mar 2024
    Finalisation of Basis of Allotment
  • 28
    Mar 2024
    Initiation of Refunds
  • 01
    Apr 2024
    Transfer of Shares to Demat Account
  • 02
    Apr 2024
    Listing Date

Objects of the Offer

  • Continue to develop customer relationship.

  • Continue to recruit, retain and train qualified personnel.

  • Expand its operations in the geographies where the company has presence and also in other geographies.

  • Improving functional efficiency.

Products & Services

  • The Company specializes in providing top-notch store fixtures for fashion, apparel, footwear, beauty and electronic retailers.

Strengths

  • The Company holds a prominent position in the domestic retail store furniture and fixture market.

  • The Company possesses a highly skilled and experienced team with strong engineering expertise. This talent pool allows it to conceptualize and deliver innovative fixture solutions tailored to its clients` needs.

  • The Company is equipped with hi-tech, advanced machinery that enhances its production capabilities and ensures precision in manufacturing.

  • Multi-Material Process Strength- its ability to work with a variety of materials, including metal, wood, plastic, gives it a competitive edge. The Company can provide versatile and custom finishes.

  • PAN India offerings: the company has such capabilities and experience that it can efficiently cater to clients` requirements across the entire country, ensuring timely deliveries and superior service.

Risks

  • Its Registered Office, Corporate Office cum factory, Warehouses from where the company operates are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

  • Its business is dependent on the company`s manufacturing facilities and the company is subject to certain risks in its manufacturing processes. Any unscheduled, unplanned or prolonged disruption of its manufacturing operations could materially and adversely affect its business, financial condition, cash flows and results of operations.

  • The restated examination report by its peer review auditor on Special Purpose Financial Statements has provided a matter of emphasis paragraph for the company has not accounted for interest provisions as per MSMED Act, 2006.

  • Its lenders have charge over the company`s movable, immovable properties and directors` immovable properties in respect of finance availed by it.

  • Its lenders have imposed certain restrictive conditions on the company under its financing arrangements. The company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company`s business, financial condition, results of operations and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
92.50%
Pre Holding

92.50%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 13.38 (-) 50.99 (281.10%) 149.85 (193.90%)
Gross Profit 13.38 (-) 50.99 (281.10%) 149.85 (193.90%)
Net Income 13.38 (-) 50.99 (281.10%) 149.85 (193.90%)
Assets 13.38 (-) 50.99 (281.10%) 149.85 (193.90%)
Liabilities 13.38 (-) 50.99 (281.10%) 149.85 (193.90%)

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

E/13-14 Shree Sardar Patel-,
CHSL Patel Baug Nhr.Rd Vil.P.E,
Mumbai - 400057
Phone : +91 80870 42862 Email : compliance@nipl.co www.namaninstore.com

Offer Related Information

Initial public offer of 28,48,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Naman In-Store (India) Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 89 per equity share (including a securities premium of Rs. 79 per equity share) ("Issue Price"), aggregating to Rs. 25.35 crores (the "Issue") of which 1,42,400 equity shares aggregating to Rs. 1.27 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue... More

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