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Naman In-Store (India) Limited IPO

Naman In-Store (India) Limited IPO

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Listed Price: ₹ 125.00 (+40.45%)

The Initial Public Offering of Naman In-Store (India) Limited's culminated in its successful listing on 02-04-2024 at the NSE trading platform. The company secured 28,48,000 Shares through this capital market exercise, with 28,48,000 Shares allocated to new capital formation.

Investors participated within the price parameters of ₹84 to ₹89, with minimum investment requirements of 1600 shares. The subscription period from 22-03-2024 to 27-03-2024 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 28-03-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Naman In-Store IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Naman In-Store IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Naman In-Store IPO About Company

Naman In-Store (India) Limited, established in 2010, is a leading provider of retail furniture and fittings, offering end-to-end solutions across multiple sectors and retail outlets. Specializing in modular furniture for offices, salons, kitchens, educational institutions, and supermarket shelving solutions, the company also customizes furniture and fixtures in wood, metal, and plastic to meet specific business needs, including kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), and Point of Sale Merchandising (POSM). Operating under a B2B model, Naman In-Store has built a strong reputation as a trusted partner for businesses seeking high-quality retail solutions. With a state-of-the-art manufacturing facility spanning approximately 1,41,687 sq. ft. in Vasai, Maharashtra, and strategically located warehouses in Kaman, Maharashtra, and Bengaluru, the company ensures efficient production and distribution. Supported by a workforce of 491 employees as of September 30, 2023, and a PAN India service network, Naman In-Store (India) Limited continues to expand its footprint in the retail infrastructure sector, delivering excellence in design, quality, and service.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

Naman In-Store IPO Strength Factors

  1. Strong Market Presence: The company’s established position in the domestic market reflects brand trust and a competitive edge, making it a preferred choice for retail store furniture solutions.
  2. Technological Advantage: Advanced machinery enhances production efficiency, quality, and scalability, ensuring timely delivery and high customer satisfaction.
  3. Material Versatility: The ability to work with multiple materials—metal, wood, and plastic—allows for diverse product offerings and tailored solutions, meeting various customer demands and strengthening its market differentiation.

Naman In-Store IPO Risk Factors

  1. Operational Disruptions Due to Leased Premises: Dependence on leased spaces makes the company vulnerable to potential eviction, lease non-renewals, or cost escalations, which could disrupt operations and add unexpected financial burdens.
  2. Financial Constraints from Lenders: Restrictive covenants in loan agreements limit financial flexibility. Non-compliance could result in penalties, increased interest obligations, or defaults, affecting liquidity and business continuity.
  3. Legal Uncertainties Impacting Reputation: Ongoing litigation involving a director presents legal and reputational risks. Any adverse rulings could lead to financial liabilities and damage stakeholder confidence.

Naman In-Store IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

Naman In-Store IPO Promoter(s)

  1. Mr. Raju Paleja
  2. Ms. Bhavika Paleja|
  3. Mr. Jay Shah
  4. Mr. Mehul Naik
  5. Mr. Abdul Shahid Shaikh.

Naman In-Store IPO Company Details

Naman In-Store (India) Limited
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Naman In-Store IPO Registrar

Bigshare Services Private Limited
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Naman In-Store IPO FAQs