In the world of investment possibilities, there’s a lot of buzz about new companies going public in different sectors. This article is your go-to guide to understanding the latest IPO, and its terminology.
IPO Terms:
Listing Date: The stock exchange is where the IPOs shares are proposed to be listed. The listing Date is the new IPO listing date in NSE and BSE (Mainboard IPO).
IPO Date: It refers to when investors can apply for an IPO. The opening date is the start of the bidding process, and the closing date marks the end of that process. It’s like a window of time for investors to buy shares.
Listing Date: The date of new IPOs listing in NSE and BSE
Face Value: the price at which a company can sell its shares when it goes public
Price Band: A price band is a value-setting method in which a seller sets maximum and minimum cost limits, between which buyers can bid.
Lot Size: The lot size indicates the minimum number of shares to be purchased
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Summary of Company IPO Details:
Naman In-Store (India) is set to launch its Initial Public Offering (IPO) from March 22, 2024, to March 27, 2024. The company will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date fixed as Tuesday, April 2, 2024.
Each share has a face value of ₹10, and the IPO price band ranges from ₹84 to ₹89 per share. The lot size for the IPO is fixed at 1600 shares. For retail investors, the minimum application is 1 lot (1600 shares) worth ₹142,400, while high net-worth individuals (HNIs) need to apply for a minimum of 2 lots (3200 shares), which amounts to ₹284,800.
IPO Details:
Company Name | Naman In-Store (India) |
IPO Date | March 22, 2024 to March 27, 2024 |
Listing Date | April 2, 2024 |
Face Value | ₹10 per share |
Price Band | ₹84 to ₹89 per share |
Lot Size | 1600 Shares |
Listing At | BSE, NSE |
IPO Lot Size:
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 1600 | ₹142,400 |
Retail (Max.) | 1 | 1600 | ₹142,400 |
HNI (Min) | 2 | 3,200 | ₹284,800 |
About Company:
Naman In-Store (India) Limited is a retail furniture and fittings company that offers retail solutions to various industries and outlets. They specialize in manufacturing modular furniture for offices, beauty salons, kitchens with limited space, and educational institutions. Additionally, they provide shelving solutions for supermarkets.
The company also crafts customized furniture and fixtures in wood, metal, and plastic for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), and more, operating under a B2B (business-to-business) model. Naman’s manufacturing facility spans approximately 1, 41,687 sq. ft. and is situated in Vasai, Maharashtra.
Ref: https://www.chittorgarh.com/ipo/naman-in-store-india-ipo/1681/
Disclaimer: This article provides general information existing at the time of preparation and we take no responsibility to update it with the subsequent changes in the law. The article is intended as a news update and Affluence Advisory neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this article. It is recommended that professional advice be taken based on specific facts and circumstances. This article does not substitute the need to refer to the original pronouncement
