Pavna Industries Limited IPO

NSE SME

Listed On: Mar 9, 2021 at ₹ 165.6

₹ 132000 /800 Shares

Check Allotment

IPO Details

24 Feb, 2021

Open Date

01 Mar, 2021

Close Date

04 Mar, 2021

Allotment Date

09 Mar, 2021

Listing Date

Issue Price

165/- Per Equity Share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

165.6

Listing Date

2021-03-09

Market Lot

800 Shares (₹132,000/-)

Lead Manager

Aryaman Financial Services limited

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)

Retail Portion

N/A

Subscription

1.49 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	8,52,000	8,52,000	17,04,000
Day 1 - 24-02-21 05:00 PM	1.08 x	0.11 x	0.59 x
Day 2 - 25-02-21 05:00 PM	1.32 x	0.28 x	0.8 x
Day 3 - 26-02-21 05:00 PM	1.9 x	0.51 x	1.2 x
Day 4 - 01-03-21 05:00 PM	1.92 x	1.07 x	1.49 x

Valuations

Earnings Per Share (EPS)

₹7.04/-

P/E Ratio

23.43

RoNW

16.06%

Net Asset Value (NAV) - Post Issue

₹68.38/-

Company Financials All values are in ₹ Cr.

	30-Sept-20	31-Mar-20
Assets	148.07	120.35
Revenue	68	179.82
Profit After Tax	0.82	6.33

About The Company

Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.

From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.

The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.

- Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 70.45%

Company Promoter(s)

Mr. Swapnil jain
Mrs. Asha Jaina

IPO - Issue Objectives

To make partial repayment of loans.
To meet general corporate purposes.

IPO - FAQs

Ans. Pavna Industries Limited IPO is a SME IPO. The issue is priced at 165/- Per Equity Share . The minimum order quantity is 800 Shares. The IPO opens on Feb 24, 2021, and closes on Mar 1, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Pavna Industries Limited IPO opens on Feb 24, 2021 and closes on Mar 1, 2021.

Ans. The size of Pavna Industries Limited IPO is 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).

Ans. The IPO price band is set between 165/- Per Equity Share .

Ans. To apply for Pavna Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Pavna Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Pavna Industries Limited IPO is Mar 4, 2021.

Ans. The Pavna Industries Limited IPO will be listed on Mar 9, 2021.

Ans. Follow the steps to check the allotment status for Pavna Industries Limited IPO here.