Naman In-Store has announced its IPO, and soon, the company will go public. Investors looking to invest in this well-known brand of providing service in retail furniture and fixtures can read the article to get the complete details of its upcoming IPO on 22 March 2024.
Naman In-Store IPO
Naman In-Store has announced the first public issue of the company. The IPO will open for applications on 22 March 2024. The issue will be book-built and it will wrap on 27 March 2024.Â
The Naman In-Store IPO will be allotted to the subscribers on 28 March 2024. The process of refund initiation for applicants who have subscribed for the IPO but did not get the shares in the IPO allotment will commence on 1 April 2024. The investors can expect the credits of allotted shares in their Demat account from 1 April 2024.
The company has planned to list the shares on the National Stock Exchange on 2 April 2024. Interested investors can mark the following dates of Naman In-Store IPO in their calendar:
| Date | Naman In-Store IPO Events |
| 22 March 2024 | IPO Opening Date |
| 27 March 2024 | IPO Closing date |
| 28 March 2024 | Allotment of IPO |
| 1 April 2024 | Refund Initiation |
| 2 April 2024 | Listing Date |
| 27 March 2024 till 5 PM | UPI mandates confirmation cut-off time. |
Naman In-Store IPO DetailsÂ
The fresh issue of the NIPL IPO has 28.48 lakh shares and the company plans to raise ₹25.35 crore from the IPO. The face value of the fresh issue shares is ₹10 per equity share with a price band of ₹84 to ₹89 per equity share. The minimum lot size for the subscription of Naman In-Store IPO is 1600 shares.Â
The company aims to utilize the funds from the IPO in the capital expenditure requirement of the company, acquire land on lease at Butibori, shift the existing manufacturing facilities of the company, build a factory, and other corporate purposes.Â
The registrar of the Naman In-Store IPO is Bigshare Services Private Limited and the book-running lead manager for the upcoming IPO is decided through the IPO pitch is GYR Capital Advisors Pvt. Ltrd.Â
The market maker, Giriraj Stock Broking holds 142,400 shares in the Naman In-Store Company.
| Company Name | Naman In-Store IPO |
| IPO Total Size | 28.48 lakh shares match up to ₹25.835 cr |
| Issue type | Book Built Issue |
| Lot Size | 1600 shares |
| Price band | ₹84 to ₹89 per equity share |
| Face Value | ₹10 per equity share |
| Fresh issue | 28.48 lakh shares match up to ₹25.835 cr |
| OFS | NIL |
| Listing at | NSE SME |
| Market Maker | 142,400 shares |
Naman In-Store IPO Lot Size and Reservation
The market maker (Giriraj Stock Broking) reserves a portion of 5%. The company has distributed the shares offered percentage among the various investor categories in the following manner:
| Investors Category | Shares offered |
| OIB (Qualified Institutional Buyers) | 50% of the net shares |
| Retail | 35% |
| Non- Institutional Investors (HNI) | 15% of the net shares |
The minimum market lot size of the Naman In-Store IPO consists of 1600 shares with a minimum investment amount of ₹142,400. Here’s the lot size distribution for the different investor categories:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 1600 | ₹142,400 |
| Retail (max.) | 1 | 1600 | ₹142,400 |
| HNI (min.) | 2 | 3200 | ₹284,800 |
Naman In-Store IPO GMP
The grey market premium of the Naman In-store IPO has been updated from 18 March 2024. The last updated GMP is ₹50 with the estimated listing price is ₹139. According to the GMP trend, the expected percentage of loss/gain per share is 56.18%.
The GMP of the company has been updated for two sessions only, it’s still hard to tell the direction of the Naman In-Store IPO GMP.
| Date | IPO Price | GMP | Subject to Suada Rate | Estimated Listing Price |
| 19 March 2024 | 89 | ₹50 | 60800 | ₹139 |
| 18 March 2024 | 89 | ₹50 | 60800 | ₹139 |
Naman In-Store is operating in a highly competitive market and the financial statement of the company shows that it had a 193.48% hike in revenue and a 1696.2 % jump in PAT. in 2023, which raises questions. The market cap for the Naman In-Store IPO is around ₹93.88 crore.Â
Remember, your investment decision depends on many factors, so consider every factor when you make the investment decision.