Pavna Industries IPO will open for subscription on 24 February 2021. the company aims for an issue size of ₹29.70 Cr through this Fixed price SME IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Pavna Industries Ltd
Incorporated in 1994, Pavna Industries is engaged in the manufacturing of automotive parts and automobile applications solutions. The company manufactures a wide range of automotive components for Original Equipment Manufacturers (OEM) to cater to the requirements of passenger vehicles, 2-wheelers, 3-wheelers, heavy and light commercial vehicles, and off-road vehicles.
The company has a well-diversified portfolio including ignition switches, Latches, Fuel Tank Caps, Auto Locks, Handles, Switches, Carburetor, Oil Pump, Throttle Body, Casting Components, etc and aftermarket products i.e. filters, bearings, wiper blades, clutch plates, and brake shoes. It has three manufacturing plants located in Aligarh (UP), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). The units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016 certified to deliver the highest-quality automotive components.
Objective of the Issue
- To make partial repayment of loans.
- To meet general corporate purposes.
Competitive Strengths
- Experienced promoters and managerial team.
- Well-established manufacturing capacity.
- Diversified product portfolio.
- Strong financial performance track-record.
- In-house design capability, product development, and technical collaborations.
Basic details about the company
| Full name | Pavna Industries Limited |
| Sector | Capital Goods |
| Industry | Engineering-Industrial equipment |
| Company Website | www.pavnagroup.com |
Dates to remember
| IPO Open | 24 February 2021 |
| IPO Close | 01 March 2021 |
| Basis of Allotment | 04 March 2021 |
| Refunds date | 05 March 2021 |
| Credit to Demat Account | 08 March 2021 |
| Listing Date | 09 March 2021 |
IPO Details
| Issue type | Fixed-PriceIPO |
| IPO issue size | ₹29.70 crore |
| IPO Open date | 24 February 2021 |
| IPO Close date | 01 March 2021 |
| Number of shares offered to the public | 1,800,000 shares |
| Face value | ₹10 per equity share |
| Offer price | ₹165 per equity share |
| Retail portion | 50% |
| Lot size | 800 Nos |
| Minimum application | 1 lot – 800 shares |
| Minimum application amount | ₹132,000 |
| Listing Exchange | NSE (NSE Emerge SME platform) |
Financial summary
| Pavna Industries’ financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 106.78 | 137.98 | 136.31 | 51.72 |
| Expenses | 101.88 | 130.02 | 128.85 | 51.26 |
| Net income | 3.24 | 5.86 | 4.08 | 0.27 |
| Profit margin (%) | 3.0 | 4.2 | 3.0 | 0.5 |
Valuation of Pavna Industries IPO (FY2020)
| Earnings Per Share (EPS) | ₹ 8.87 |
| Price/Earnings (PE ratio) | 20.7 |
| Return on Net Worth (RONW) | 16.06% |
| Net Asset Value (NAV) | ₹ 51.57 per share |
Company Promoters
- Mr. Swapnil Jain
- Mrs. Asha Jain
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 70.45% |
Lead managers
- Aryaman Financial services Ltd
Registrar of Pavna Industries IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: pavna.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Pavna Industries Contact Details
Pavna Industries Limited
Vimlanchal, Hari Nagar,
Aligarh, Uttar Pradesh – 202001
Phone: +91 8006409332
Email: info@pavnagroup.com
Website: www.pavnagroup.com
Pavna Industries IPO Allotment Status
Pavna Industries IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Pavna Industries 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 gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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