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Navoday Enterprises IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Corporate Solutions sector. Inventure Merchant Banker Services is the merchant banker of Navoday Enterprises IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th September 2020.
Navoday Enterprises IPO open date is 14th June 2021 and close date is 17th June 2021. IPO Allotment Date is 21st June 2021 and Listing date is 25th June 2021.
IPO
Size:
₹ 4.61 Cr.
Avg IPO Size (Sector Based)
: ₹
15.62 cr.
Sector: Corporate Solutions
SME
IPO so far:
29
Merchant Banker:
Inventure Merchant
SME
IPO by BRLM so far:
33
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹
48.27
cr. 
PE
Ratio:
14.81x
Average Sector PE Ratio: 18.22x
Navoday Enterprises IPO size is ₹ 4.61 Cr. with IPO price of ₹ 20.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Inventure Merchant Banker Services Private Limited is the book-running lead manager of the Navoday Enterprises IPO. Satellite Corporate Services Private Limited is the Registrar and Market Maker is NNM Securities Private Limited for Navoday Enterprises IPO.
Navoday Enterprises IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Navoday Enterprises IPO, based in Mumbai, operates in the Corporate Solutions sector with a focus on Outdoor or out-of-home media company. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Navoday Enterprises IPO size is ₹ 4.61 Cr. with fresh issue size of ₹ 4.61 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Navoday Enterprises IPO is expected to be 21st June 2021, after the finalization of basis of allotment. Investors can check Navoday Enterprises IPO allotment status on the registrars website, Satellite Corporate Services Private Limited. Navoday Enterprises IPO refund dates are 22nd June 2021.
Navoday Enterprises IPO is expected to be listed on 25th June 2021.
The upper price band for the Navoday Enterprises IPO is set at ₹ 20.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Navoday Enterprises IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Navoday Enterprises IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 17th June 2021. After submission, funds are blocked until the basis of allotment of Navoday Enterprises IPO is finalised.
The merchant banker for Navoday Enterprises IPO is Inventure Merchant Banker Services Private Limited . Inventure Merchant Banker Services Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Navoday Enterprises IPO RHP for further details.
The registrar for Navoday Enterprises IPO is Satellite Corporate Services Private Limited. Investors can go to Satellite Corporate Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Navoday Enterprises IPO through their official website or helpline.
Navoday Enterprises IPO was subscribed 2.36 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 4.61 Cr.
Avg IPO Size (Sector Based)
:
₹ 15.62 Cr.
Sector: Corporate Solutions
SME
IPO so far:
29
Merchant Banker:
Inventure Merchant
SME
IPO by BRLM so far:
33
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹ 14.72 cr.
PE
Ratio:
14.81x
Average Sector PE Ratio: 18.22x
Navoday Enterprises IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Navoday Enterprises Financial Review Page
Merchant Banker(s) of Navoday Enterprises IPO: Inventure Merchant Banker Services Private Limited
Navoday Enterprises IPO subscription was 2.36 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Navoday Enterprises IPO listed at a listing price of 19.50 against the offer price of 20.00.
The current market price of Navoday Enterprises is 5.69.
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