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Pavna Industries IPO is a fixed price issue of Rs 29.70 crores. The issue is a combination of fresh issue of 9.02 lakh shares aggregating to Rs 14.89 crores and offer for sale of 8.98 lakh shares aggregating to Rs 14.81 crores.
Pavna Industries IPO bidding started from February 24, 2021 and ended on March 1, 2021. The allotment for Pavna Industries IPO was finalized on Thursday, March 4, 2021. The shares got listed on NSE SME on March 9, 2021.
Pavna Industries IPO price is ₹165 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Aryaman Financial Services Limited is the book running lead manager of the Pavna Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Pavna Industries IPO RHP for detailed information.
| IPO Date | February 24, 2021 to March 1, 2021 |
| Listing Date | March 9, 2021 |
| Face Value | ₹10 per share |
| Price | ₹165 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹29.70 Cr) |
| Fresh Issue | 902,400 shares (aggregating up to ₹14.89 Cr) |
| Offer for Sale | 897,600 shares of ₹10 (aggregating up to ₹14.81 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,188,000 |
| Share holding post issue | 6,090,400 |
| Market Maker portion | 96 shares |
Pavna Industries IPO offers 1,704,096 shares. 852,000 (50.00%) to NII, 852,000 (50.00%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96 (0.01%) |
| Other Shares Offered | 852,000 (50.00%) |
| Retail Shares Offered | 852,000 (50.00%) |
| Total Shares Offered | 1,704,096 (100%) |
Pavna Industries IPO opens on February 24, 2021, and closes on March 1, 2021.
| IPO Open Date | Wednesday, February 24, 2021 |
| IPO Close Date | Monday, March 1, 2021 |
| Basis of Allotment | Thursday, March 4, 2021 |
| Initiation of Refunds | Friday, March 5, 2021 |
| Credit of Shares to Demat | Monday, March 8, 2021 |
| Listing Date | Tuesday, March 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 1, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| Lot Size Calculator | |||
Mr. Swapnil jain and Mrs. Asha Jaina are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 70.45% |
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.
Competitive Strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | ||||
| Total Assets | 14,807.17 | 12,035.61 | |||
| Total Revenue | 6,808 | 17,982.84 | |||
| Profit After Tax | 82.80 | 633.74 | |||
The IPO aims to raise money for the following purposes;
[Dilip Davda] It has suffered a severe setback for the first half amidst lockdown due to corona pandemic all group companies are involved in the similar trades hence accounting adjustments poses a major concern. Outlook for the auto ancillaries appears bright based on the market reports. But based on current working, the asking price is very high. Longer IPO subscription period also raises eyebrows. Hence risk savvy-cash surplus investors may consider investment at their own risks. Read detail review...
| Listing Date | March 9, 2021 |
| BSE Script Code | |
| NSE Symbol | PAVNAIND |
| ISIN | INE07S101020 |
| Final Issue Price | ₹165 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹165.00 |
| ₹165.60 |
| ₹165.05 |
| ₹166.50 |
| ₹165.50 |
Pavna Industries Limited
Vimlanchal, Hari Nagar
Aligarh - 202001
Phone: +91 8006409332
Email: info@pavnagroup.com
Website: http://www.pavanagroup.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pavna.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Pavna Industries IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹29.70 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800 Shares.
The IPO opens on February 24, 2021, and closes on March 1, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pavna Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Pavna Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pavna Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pavna Industries IPO opens on February 24, 2021 and closes on March 1, 2021.
Pavna Industries IPO lot size is 800 Shares, and the minimum amount required is ₹132,000.
You can apply in Pavna Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pavna Industries IPO will be done on Thursday, March 4, 2021, and the allotted shares will be credited to your demat account by Monday, March 8, 2021. Check the Pavna Industries IPO allotment status.
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