Naman In-Store (India) Limited
Book Built Issue IPO · NSE
- Price band
- ₹84 - ₹89
- Lot size
- 1,600 shares
- Issue amount
- ₹25.35 cr
- Total subscription
- 309.04×
- Opens
- 22 Mar 2024
- Closes
- 27 Mar 2024
- Allotment
- 28 Mar 2024
- Listing
- 2 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 28,48,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,34,400
- Fresh issue
- ₹25.35 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,42,400
- Issue type
- Book Built Issue IPO
- Shares before issue
- 77,00,000
- Shares after issue
- 1,05,48,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,42,400 |
| HNI | 2 | 3,200 | ₹2,84,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.81 | 528.26 |
| RETAIL | 8.43 | 2,770.73 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.04 | 4.96 | 0.43 |
| ROE | 69.22 | 96.95 | 12.7 |
| ROCE | 24.51 | 23.98 | 6.82 |
| RONW | 51.42 | 65.3 | 10.47 |
| PRE IPO(PE) | 1.04 | 0 | 0 |
| POST IPO(PE) | 17.95 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Naman In-Store (India) Limited, established in 2010, is a leading provider of retail furniture and fittings, offering end-to-end solutions across multiple sectors and retail outlets. Specializing in modular furniture for offices, salons, kitchens, educational institutions, and supermarket shelving solutions, the company also customizes furniture and fixtures in wood, metal, and plastic to meet specific business needs, including kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), and Point of Sale Merchandising (POSM). Operating under a B2B model, Naman In-Store has built a strong reputation as a trusted partner for businesses seeking high-quality retail solutions. With a state-of-the-art manufacturing facility spanning approximately 1,41,687 sq. ft. in Vasai, Maharashtra, and strategically located warehouses in Kaman, Maharashtra, and Bengaluru, the company ensures efficient production and distribution. Supported by a workforce of 491 employees as of September 30, 2023, and a PAN India service network, Naman In-Store (India) Limited continues to expand its footprint in the retail infrastructure sector, delivering excellence in design, quality, and service.
Strengths
- Strong Market Presence: The company’s established position in the domestic market reflects brand trust and a competitive edge, making it a preferred choice for retail store furniture solutions.
- Technological Advantage: Advanced machinery enhances production efficiency, quality, and scalability, ensuring timely delivery and high customer satisfaction.
- Material Versatility: The ability to work with multiple materials—metal, wood, and plastic—allows for diverse product offerings and tailored solutions, meeting various customer demands and strengthening its market differentiation.
Risk factors
- Operational Disruptions Due to Leased Premises: Dependence on leased spaces makes the company vulnerable to potential eviction, lease non-renewals, or cost escalations, which could disrupt operations and add unexpected financial burdens.
- Financial Constraints from Lenders: Restrictive covenants in loan agreements limit financial flexibility. Non-compliance could result in penalties, increased interest obligations, or defaults, affecting liquidity and business continuity.
- Legal Uncertainties Impacting Reputation: Ongoing litigation involving a director presents legal and reputational risks. Any adverse rulings could lead to financial liabilities and damage stakeholder confidence.
Promoters
Mr. Raju Paleja
Ms. Bhavika Paleja|
Mr. Jay Shah
Mr. Mehul Naik
Mr. Abdul Shahid Shaikh.
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
E/13-14, Shree Sardar Patel CHSL, Patel Baug, Nehru Road, Opp Adarsh petrol pump, Vile Parle (E), Mumbai - 400057
+91-8087042862
[email protected]Company website ↗Understanding NAMAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.