Navoday Enterprises Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹14(70.00%)
Premium (ELP)
Navoday Enterprises Limited's successfully transitioned to public market status with its listing on BSE on Jun 25, 2021. The IPO mobilized 23,04,000 Shares in cumulative capital, including TBD for corporate expansion.
The public offering was conducted within the price parameters of ₹20 to ₹20, with minimum investment lots of 6000 shares. subscription activity between Jun 14, 2021 and Jun 17, 2021 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jun 21, 2021, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
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.
Incorporated in 2007, Navoday Enterprises Limited operates across three key business areas including marketing support and advertising, management and financial consultancy, and component supply services. The company offers outdoor and out-of-home advertising services such as hoardings, billboards, kiosks, lamp post boards, and mobile sign trucks across Mumbai and Thane, along with event management services for corporate, commercial, cultural, and brand promotion events. Its financial consultancy segment provides support in areas like market research, working capital finance, corporate finance, and financial restructuring, while the component supply segment caters to manufacturers of packaging and allied machines by supplying essential components such as sealers, belts, cutters, gears, sensors, and other related parts.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Outdoor Media Expertise: Strong capabilities in outdoor media services.
- Diversified Consultancy: Offers a wide range of management consultancy services.
- Wide Media Portfolio: Covers outdoor, print, and digital media solutions.
NA
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