IPO Price Range: ₹145 - 145
Min Investment
₹1,45,000
IPO Size
₹53 Cr
IPO Status
Quantity in 1 Lot
1000
Max Bid allowed
1
Listing Exchange
NSE
IPO subscribed over
🚀 16.8814x
This IPO has been subscribed by 27.2163x in retail and 0x in QIB.
Total Subscription | 16.8814x |
Retail Individual Investors | 27.2163x |
Qualified Institutional Buyers | 0x |
Non Institutional Investors | 8.3335x |
Bid Opening Date | 22 Jan 2025 |
Bid Closing Date | 24 Jan 2025 |
Allotment Date | 27 Jan 2025 |
Issue Size | ₹53.65Cr |
Quantity in 1 lot | 1000 |
Growing diversified products manufacturing company of furniture and fixture catering to retail such as standalone stores, shop in shops, kiosks and displays for leading global brands and several of large Indian retailers; Further, also have focused upon manufacturing products for commercial, industrial sectors etc.
Cater to clients requirements across the entire country, ensuring timely deliveries and superior service.
Have clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
Possess advanced facilities and a talented pool of resources, enabling us to undertake diverse industrial fabrication projects.
Capability of customized production at mass level.
Complete warehousing solution to provide good growth.
Manufacturing capability for sound barriers used in infrastructure sector and double door used in metro station.
The Company and Promoter of the company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business, and financial status.
The company success depends on its ability to manufacture, market and deliver the company products of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
The company depends on unorganized and third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company business, results of operations and financial condition.
Dependency on the State of Maharashtra for Procurement of Raw Materials.
Pricing pressure from its customers may adversely affect the company gross margin and profitability. Inability to increase its prices may have a material adverse effect on the company results of operations and financial condition.
Its Registered Office, factories and warehouses from where the company operates are not owned by the Company. Any adverse impact on the title /ownership rights of the owner, from whos premises the company operate its registered office, manufacturing units, warehouses or breach of the terms / non-renewal of the rent agreements, may cause disruption in its corporate affairs and business and impede the company effective operations and thus adversely affect its profitability.
The company has not entered into any long-term contracts with any of its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.
The company is dependent on various kinds of Suppliers for the supply of raw materials, services and finished goods.
A significant portion of its revenues are derived from a specific regional area and any adverse developments in this region could have an adverse effect on the company business, cash flows, results of operations and financial condition.
The Companys failures to maintain the quality standards of the products could adversely impact its business, results of operations and financial condition.
Investors | Holdings % |
Minesh Anilbhai Chovatia | 15% |
Premal Niraman Shah | 28.33% |
Ragesh Deepak Bhatia | 28.33% |
Ravishankar Sriramamurthi Mall | 28.33% |