Pavna Industries IPO

Pavna Industries IPO dates, price band, analysis

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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 namePavna Industries Limited
SectorCapital Goods
IndustryEngineering-Industrial equipment

Dates to remember

IPO Open24 February 2021
IPO Close01 March 2021
Basis of Allotment04 March 2021
Refunds date05 March 2021
Credit to Demat Account08 March 2021
 Listing Date09 March 2021

IPO Details

Issue typeFixed-PriceIPO
IPO issue size₹29.70 crore
IPO Open date24 February 2021
IPO Close date01 March 2021
Number of shares offered to the public1,800,000 shares
Face value₹10 per equity share
Offer price₹165 per equity share
Retail portion50%
Lot size800 Nos
Minimum application1 lot – 800 shares
Minimum application amount₹132,000
Listing ExchangeNSE (NSE Emerge SME platform)

Financial summary

Pavna Industries’ financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income3.245.864.080.27
Profit margin (%)

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 Holding99.99%
Post Issue Share Holding70.45%

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

Pavna Industries Contact Details

Pavna Industries Limited
Vimlanchal, Hari Nagar,
Aligarh, Uttar Pradesh – 202001
Phone: +91 8006409332

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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