IPO

Pavna Industries Limited IPO

NSE SME

Listed On: Mar 9, 2021 at ₹ 165.6

₹ 264000 /1600 Shares
*Min Investment

Check Allotment

24 Feb, 2021

Open Date

01 Mar, 2021

Close Date

04 Mar, 2021

Allotment Date

09 Mar, 2021

Listing Date
IPO Issue Details
  • Issue Price 165/- Per Equity Share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 1,800,000 Eq Shares of ₹10 (aggregating up to ₹29.70 Cr)

    Fresh Issue: 902,400 Eq Shares of ₹10 (aggregating up to ₹14.89 Cr)

    Offer for Sale: 897,600 Eq Shares of ₹10 (aggregating up to ₹14.81 Cr)
  • Listing at NSE SME
  • List Price 165.6
  • Listing Date 2021-03-09
  • Lead Manager Aryaman Financial Services limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion N/A
IPO Documents
DRHP
RHP
IPO Details


Pavna Industries Limited IPO is an SME IPO, priced at 165/- Per Equity Share . The equity shares have a face value of ₹10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Feb 24, 2021 to Mar 1, 2021. The allotment is expected to be finalized on Mar 4, 2021, and the tentative listing date is Mar 9, 2021.


The registrar of the IPO is Link Intime India Private Ltd, and

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IPO Subscription Analysis And Details
Retail
1.07x
Total
1.49x
As on QIB / NII Retail Total
Shares Offered / Reserved 8,52,000 8,52,000 17,04,000
Day 1 24-02-21 05:00 PM
1.08 x 0.11 x 0.59 x
Day 2 25-02-21 05:00 PM
1.32 x 0.28 x 0.8 x
Day 3 26-02-21 05:00 PM
1.9 x 0.51 x 1.2 x
Day 4 01-03-21 05:00 PM
1.92 x 1.07 x 1.49 x
Valuations
Earnings Per Share (EPS) ₹7.04/-
P/E Ratio 23.43
RoNW 16.06%
Net Asset Value (NAV) - Post Issue ₹68.38/-
Company Financials
In Crs.
In Cr.
30-Sept-20 31-Mar-20
Assets 148.07 120.35
Revenue 68 179.82
Profit After Tax 0.82 6.33
About Company

Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.

From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.

The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.

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- Promoter(s)

Mr. Swapnil jain

Mrs. Asha Jaina

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 70.45%

IPO - Issue Objectives
1

To make partial repayment of loans.

2

To meet general corporate purposes.