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19 March 2024

Naman In-Store (India) IPO

Naman In-Store (India) Limited launched its Initial Public Offering (IPO) with an aim to raise Rs 25.35 crores through a fresh issue of 28.48 lakh shares. This IPO, set at a price band of ₹84 to ₹89 per share, marks a significant milestone in the company's expansion journey. Below, we've organized all the critical details about the Naman In-Store (India) IPO into structured tables for better understanding and clarity.

IPO Details

Detail	Description
IPO Open Date	March 22, 2024
IPO Close Date	March 27, 2024
Listing Date	April2, 2024 (Tentative)
Issue Type	Book Built Issue IPO
Price Band	₹84 to ₹89 per share
Lot Size	1600 Shares
Total Issue Size	2,848,000 shares (aggregating up to ₹25.35 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Book Running Lead Manager	GYR Capital Advisors PrivateLimited
Registrar	Big share Services Pvt Ltd
Market Maker	Giriraj Stock Broking

IPO Subscription Details

Investor Category	Shares Offered	Subscription (times)
QIB	540,800	4.79
NII (HNI)	406,400	14.25
Retail	947,200	23.80
Total	1,894,400	16.32

Company Overview

NamanIn-Store (India) Limited specializes in manufacturing modular furniture and retail fittings, catering to various industries and retail outlets. The company's products range from office furniture to customized fixtures for retail stores. Established in 2010, Naman operates a B2B model and has its manufacturing facility located in Vasai, Maharashtra

Financial Performance Snapshot (as of September 30, 2023)

Financial Year	Assets (₹ Lakhs)	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)
Sep 30, 2023	5,598.94	7,929.71	618.89
Mar 31, 2023	3,074.09	14,993.50	381.71

Objectives of the Issue

The proceeds from the IPO are intended for the following purposes

1. Funding capital expenditure for acquiring land on a leasehold basis and shifting the company's manufacturing facilities to Butibori, MIDC
2. Construction of a new factory building.
3. Meeting working capital requirements.
4. General corporate purposes.

Naman In-Store (India) IPO Review

Analyst Dilip Davda notes that while Naman In-Store operates in a competitive segment, the recent financial performance raises questions about the sustainability of its margins. Despite these concerns, the company's expansion plans could provide a medium-term investment opportunity for well-informed investors. This comprehensive overview encapsulates the essential details about the Naman In-Store (India) IPO, offering potential investors a clear picture of the company's f inancial trajectory, market prospects, and the strategic use of the funds raised through the IPO.

FAQs for Naman In-Store (India) IPO

What is the Naman In-Store (India) IPO?

The Naman In-Store (India) IPO is a book-built issue aiming to raise Rs 25.35 crores through the issuance of 28.48 lakh shares at a price band of ₹84 to ₹89 per share.
When does the Naman In-Store (India) IPO open and close?

The IPO opens for subscription on March 22, 2024, and closes on March 27, 2024.
What is the listing date for Naman In-Store (India) IPO?

The tentative listing date on the NSE SME platform is April 2, 2024.
What is the price band for the Naman In-Store (India) IPO?

The price band for the IPO is set at ₹84 to ₹89 per share.
What is the minimum lot size for the IPO?

The minimum lot size for the IPO is 1600 shares.
How much is the minimum investment required?

The minimum investment required for retail investors is ₹142,400, and for HNI investors, it is ₹284,800 for 2 lots (3,200 shares).
Who is managing the Naman In-Store (India) IPO?

GYR Capital Advisors Private Limited is the book running lead manager for the IPO.
Who is the market maker for the IPO?

Giriraj Stock Broking is the market maker for the IPO.
How was the Naman In-Store (India) IPO subscribed?

The IPO was subscribed 16.32 times, with the retail category subscribed 23.80 times, the QIB category 4.79 times, and the NII category 14.25 times.
What are the main products of Naman In-Store (India) Limited?

Naman In-Store (India) Limited specializes in manufacturing modular furniture and retail fittings for various industries, including office furniture and customized fixtures for retail stores.
What will the IPO proceeds be used for?

The proceeds from the IPO are intended for funding capital expenditure for acquiring land on a leasehold basis, constructing a new factory building, and general corporate purposes.
Where is Naman In-Store (India) Limited located?

Naman In-Store (India) Limited's manufacturing facility is located in Vasai, Maharashtra.
What is the financial performance of Naman In-Store (India) Limited?

For the period ending September 30, 2023, Naman In-Store (India) Limited reported a significant increase in revenue and profit after tax (PAT) compared to the previous fiscal year