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Nanavati Ventures IPO

Nanavati Ventures Limited Logo

Incorporated in 2010, Nanavati Ventures Limited (IPO) is a Diamond Trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.

It purchases rough and unpolished diamonds from suppliers, and then professional workers process and polish those rough gemstones for the end product. The company’s products are sold and distributed through independent sales and distribution networks.

Competitive Strengths.

  • The established brand.
  • Management and Employee expertise.
  • Understand Customer Needs.
  • Existing distribution and sales networks in the domestic market and our geographical benefit.
  • Quality products.

Company Promoters:

Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth and Ms Vaishnavi Hemantkumar Nanavati are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets1417.95663.55286.88186.62
Total Revenue1049.521131.70595.1055.51
Profit After Tax9.9811.975.390.03

Objects of the Issue:

The Objects of the Issue are:

  1. To meet the working capital requirements of the company.
  2. To meet the Issue Expenses.
  3. General Corporate Purpose.

Nanavati Ventures IPO Details

IPO Opening DateApr 25, 2022
IPO Closing DateApr 27, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹50 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size436,000 Eq Shares of ₹10
(aggregating up to ₹2.18 Cr)
Fresh Issue436,000 Eq Shares of ₹10
(aggregating up to ₹2.18 Cr)
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Nanavati Ventures IPO Tentative Timetable

The Nanavati Ventures IPO open date is Apr 25, 2022, and the close date is Apr 27, 2022. The issue may list on May 6, 2022.

IPO Open DateApr 25, 2022
IPO Close DateApr 27, 2022
Basis of Allotment DateMay 2, 2022
Initiation of RefundsMay 4, 2022
Credit of Shares to Demat AccountMay 5, 2022
IPO Listing DateMay 6, 2022

Nanavati Ventures IPO Lot Size

The Nanavati Ventures IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

ApplicationLotsSharesAmount (Cut-off)

Nanavati Ventures IPO Promoter Holding

Pre Issue Share Holding71%
Post Issue Share Holding52.19%

IPO Prospectus

Company Contact Information

Nanavati Ventures Limited
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc., Village: Vijalpor,
Taluka: Jalalpore, Navsari 396445
Phone: +91 9316691337
Email: [email protected]

IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: [email protected]

IPO Lead Manager(s)

  1. First Overseas Capital Limited