Naman In-Store India Ltd(NSE SME)
Mar 22, 2024 - Mar 27, 2024
| Price | ₹84 - ₹89 |
| Premium | ₹50 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 28, 2024 |
| Listing | Apr 2, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 142400 | 592 |
| HNI | 2 | 3200 | 284800 | 254 |
Last updated on 27-Mar-2024 17:03:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 540800 | 59355200 | 109.75 |
| NIB | 406400 | 214769600 | 528.47 |
| RETAIL | 947200 | 311318400 | 328.67 |
| Total | 1894400 | 585443200 | 309.04 |
| Retail Apps | 194574 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹63.14 | @8% ₹72.16 | @9% ₹81.18 | @10% ₹90.2 | @11% ₹99.22 | @12% ₹108.24 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Moneywise Financial Services Private Limited | 230400 | 28.40% | 2.05 |
| Rajasthan Global Securities Private Limited | 230400 | 28.40% | 2.05 |
| Minerva Emerging Opportunities Fund Limited | 118400 | 14.60% | 1.05 |
| Finavenue Capital Trust- Finavenue Growth Fund | 118400 | 14.60% | 1.05 |
| AG Dynamic Funds Limited | 113600 | 14.00% | 1.01 |
| Total | 811200 | 100.00% | 7.22 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.3% | 947200 |
| Hni | 14.3% | 406400 |
| Qib | 19.0% | 540800 |
| Anchor | 28.5% | 811200 |
| Market Maker | 5.0% | 142400 |
| Total | 100.0% | 2848000 |
Naman In-Store (India) Limited, established in 2010, stands as a prominent player in the retail furniture and fittings industry, offering comprehensive retail solutions to various sectors and retail outlets. With a diverse product line encompassing modular furniture tailored for offices, beauty salons, kitchens, educational institutions, and shelving solutions for supermarkets, the company caters to a broad spectrum of clientele. Additionally, Naman specializes in crafting customized furniture and fixtures in wood, metal, and plastic, catering to specific needs such as kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), and Point of Sale Merchandising (POSM). Operating under a B2B model, the company has established itself as a reliable partner for businesses seeking high-quality retail solutions. Situated in Vasai, Maharashtra, the company's expansive manufacturing facility boasts a built-up area of approximately 1,41,687 sq. ft., supplemented by strategically located warehouses in Kaman, Maharashtra, and Bengaluru. With a dedicated workforce of 491 employees as of September 30, 2023, and a PAN India service network, Naman In-Store (India) Limited continues to strengthen its presence in the market, delivering excellence in retail furniture and fittings while fostering lasting partnerships with its diverse clientele.
Naman In-Store (India) IPO Details
| Issue Size | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Fresh Issue | 2,848,000 shares (aggregating up to ₹25.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,700,000 |
| Share holding post issue | 10,548,000 |
| Market Maker portion | 142,400 shares Giriraj Stock Broking |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 69.22% | 96.95% | 12.70% |
| ROCE | 24.51% | 23.98% | 6.82% |
| RONW | 51.42% | 65.30% | 10.47% |
| EPS (basic & diluted) | 8.04 | 4.96 | 0.43 |
| P/BV | 1.04 | ||
| P/E (Pre IPO) | 17.95 |
Company Financials
Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 5,598.94 | 3,074.09 | 1,693.00 | |
| Revenue | 7,929.71 | 14,993.50 | 5,108.94 | 1,341.28 |
| Profit | 618.89 | 381.71 | 21.25 | 5.08 |
| Net Worth | 1,203.48 | 584.59 | 202.88 | 131.64 |
| Reserves | 488.94 | 53.48 | 41.64 | |
| Borrowing | 3,166.06 | 2,944.09 | 1,883.91 | 1,023.91 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Prominent Position in Domestic Retail Store Furniture and Fixture Market: The Company holds a prominent position in the domestic market for retail store furniture and fixtures, indicating strong brand recognition, customer trust, and market presence.
Advanced Machinery for Enhanced Production: Equipped with hi-tech, advanced machinery, the company enhances its production capabilities and ensures precision in manufacturing. This technological advantage allows for efficient production processes, improved product quality, and timely delivery, contributing to customer satisfaction and loyalty.
Multi-Material Process Strength: The company's ability to work with a variety of materials, including metal, wood, and plastic, gives it a competitive edge. This versatility enables the company to provide customized solutions with diverse finishes, catering to a wide range of client preferences and project requirements, thereby expanding its market reach and differentiation.
Risk Factors
Dependency on Leased Premises: The Company’s reliance on leased premises for its registered office, corporate office cum factory, and warehouses poses a risk. If required to vacate these premises due to any reason, it could adversely impact business operations, leading to disruptions, relocation costs, and potential loss of business continuity.
Restrictive Conditions from Lenders: The lenders have imposed certain restrictive conditions on the company under its financing arrangements. Inability to meet these obligations, including financial and other covenants, could lead to breaches of contract, triggering adverse consequences such as penalties, increased interest rates, or even default, negatively impacting the company's financial condition, results of operations, and cash flows.
Director's Litigation and Claims: One of the company's directors is involved in certain litigation and claims. Any adverse decision in these legal proceedings may result in liabilities or penalties for the company and adversely affect its reputation, business operations, and financial status. This uncertainty surrounding legal matters poses a risk to the company's stability and growth prospects.
Naman In-Store (India) IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html