IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Navoday Enterprises Ltd
Registered Office: D-107 Crystal Plaza,New Link Road Andheri West , Mumbai - 400053 , Maharashtra , India.
Phone : 91-22-49686123   Fax:
Email :  info@navodayenterprise.com  
Website :  www.navodayenterprise.com
Public issue of 23,04,000 equity shares of face value of (Rs)10.00 each of Navoday Enterprises Limited ("The Company" or "The Issuer") for cash at a price of (Rs)20 per equity share (including a share premium of (Rs)10 per equity share) ("Issue Price") aggregating to (Rs)4.61 crores ("The Issue"). Of the issue, 1,20,000 equity shares aggregating to (Rs)0.24 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 21,84,000 equity shares of face value of (Rs)10.00 each at an issue price of (Rs)20 per equity share aggregating to (Rs)4.37 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 59.78% and 56.67%, respectively of the post issue paid up equity share capital of the company. Fixed Price Issue at (Rs)20 per equity share. The Issue price of (Rs)20 is 2 times of the face value. The face value of Equity Shares is (Rs)10 each.

Issue Money Payable On
Opens On Closes On Application Allotment
14-Jun-21 17-Jun-21 (Rs)20.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :6000  Further Multiples of :6000

  (Rs Cr) Lead Managers to the Issue
Project Cost 4.21
Inventure Merchant Banker Services Pvt Ltd
Project Financed through Current Offer 4.61  
Post Issue Equity Share Capital 3.85  
Issue Price (Rs)20.00  
 
Projects
Meeting additional working capital requirementsGeneral corporate purpose
Promoted By
Anand V Mode  
Synematic Media & Cons.Pvt Ltd  
Listing At
BSE - SME 
Registrar to the Issue
Satellite Corporate Ser. P Ltd