Navoday Enterprises IPO

Navoday Enterprises IPO (SME) Details

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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

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.

Competitive Strengths

  • 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 nameNavoday Enterprises Limited

 IPO Details

IPO Opening DateJun 14, 2021
IPO Closing DateJun 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹20 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Issue Size2,304,000 Eq Shares of ₹10
(aggregating up to ₹4.61 Cr)
Minimum application6000 shares
Maximum application6000 shares
Application amount₹120,000
Listing AtBSE SME

Company Financials

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets1,378.57513.12531.14
Total Revenue4,827.241,651.702,311.96
Profit After Tax112.7735.0755.67

Company Promoters

  • Anand V. Mode
  • Synematic Media
  • Consulting Private Limited

 Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding40.21%

Lead manager

  • 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

Final thoughts

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.

Happy Investing

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