Pavna Industries Limited IPO (Pavna Industries IPO) Details
Pavna Industries 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
- 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.
Company Promoters:
Mr. Swapnil jain and Mrs. Asha Jaina are the company promoters.
Company Financials:
| 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 | |||
Objects of the Issue:
The IPO aims to raise money for the following purposes;
- To make partial repayment of loans.
- To meet general corporate purposes.
Pavna Industries IPO Details
| IPO Opening Date | Feb 24, 2021 |
| IPO Closing Date | Mar 1, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹165 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE SME |
| Issue Size | 1,800,000 Eq Shares of ₹10 (aggregating up to ₹29.70 Cr) |
| Fresh Issue | 902,400 Eq Shares of ₹10 (aggregating up to ₹14.89 Cr) |
| Offer for Sale | 897,600 Eq Shares of ₹10 (aggregating up to ₹14.81 Cr) |
Pavna Industries IPO Tentative Timetable
The Pavna Industries IPO open date is Feb 24, 2021, and the close date is Mar 1, 2021. The issue may list on Feb 9, 2021.
| IPO Open Date | Feb 24, 2021 |
| IPO Close Date | Mar 1, 2021 |
| Basis of Allotment Date | Mar 4, 2021 |
| Initiation of Refunds | Mar 5, 2021 |
| Credit of Shares to Demat Account | Feb 8, 2021 |
| IPO Listing Date | Feb 9, 2021 |
Pavna Industries IPO Lot Size
The Pavna Industries IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹132,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹132,000 |
| Maximum | 1 | 800 | ₹132,000 |
Pavna Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 70.45% |
