Navoday Enterprises IPO will open for subscription from 14 June 2021. The company aims to raise ₹4.61 Cr through this fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
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Navoday Enterprises Limited
Incorporated in 2007, Navoday Enterprises Limited operates in 3 business verticals 1. Marketing support and Advertising, 2. Management and Financial Consultancy services, and 3. Component Supply and support services to manufacturers of packaging and allied machines.
Under the marketing segment, the company primarily offers outdoor marketing services or out-of-home (OOH) advertising i.e. hoardings, billboards on roads, streets, highways, lamp post boards, kiosks, traffic booths, mobile sign trucks, etc. It offers outdoor services across Mumbai & Thane. It is further engaged in event management services wherein it manages corporate events, commercial events, cultural events, brand promotional events, etc.
Financial consultancy segment provides integrated solutions for marketing research, working capital finance, corporate finance, financial restructuring, etc. However, its component supply segment supplies critical components i.e. sealers, timing belts, barring, cutter, ms cutter, brass gear, carbide, sensors, shut collars, etc. to manufacturers.
Objects of the Issue
- Meeting company’s working capital requirements.
- General Corporate purposes.
- Expertise in outdoor media service offerings.
- Diversified management consultancy services.
- Large media product portfolio i.e. outdoor, print & digital media.
Basic details about the company
|Full name||Navoday Enterprises Limited|
|IPO Opening Date||Jun 14, 2021|
|IPO Closing Date||Jun 17, 2021|
|Issue Type||Fixed Price Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹20 per equity share|
|Market Lot||6000 Shares|
|Min Order Quantity||6000 Shares|
|Issue Size||2,304,000 Eq Shares of ₹10|
(aggregating up to ₹4.61 Cr)
|Minimum application||6000 shares|
|Maximum application||6000 shares|
|Listing At||BSE SME|
|Particulars||For the year/period ended (₹ in lakhs)|
|Profit After Tax||112.77||35.07||55.67|
- Anand V. Mode
- Synematic Media
- Consulting Private Limited
|Pre Issue Share Holding||99.98%|
|Post Issue Share Holding||40.21%|
- Inventure Merchant Banker Services Pvt Ltd
Navoday Enterprises IPO Registrar
Satellite Corporate Services Private Limited
B-302, Sony Apartment,
Off Andheri Kurla Road, Jarimari,
Sakinaka, Mumbai – 400 072
Phone: +91-22- 28520461/462
Company Contact Information
Navoday Enterprises Limited
D-107, Crystal Plaza, Opposite Infinity Mall
New Link Road, Andheri West,
Mumbai – 400 053,
Phone: +91 22 4968 6123
Navoday Enterprises IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
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