✓
Open
19 Jun 2019
✓
Close
21 Jun 2019
3
Allotment
—
✓
Listing
Mon, Jul 1, 2019
Price Band
₹45 per share
Issue Size
8,10,000 shares (agg. up to ₹4 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Jul 1, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.12x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|
| Assets | 3.58 | 2.05 |
| Total Income | 7.13 | 4.77 |
| Profit After Tax | 0.30 | 0.04 |
| EBITDA | 0.45 | 0.08 |
| NET Worth | 3.20 | 2.01 |
| Reserves and Surplus | 1.04 | 0.04 |
| Total Borrowing | 0.23 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| White Organic Retail Ltd. | SME | ₹15.46 Cr | ₹63 | null | ₹64.30 | +2.06% | ₹7.20 (+3.45%) |
| Northern Spirits Ltd. | SME | ₹18.50 Cr | ₹43 | null | ₹43.10 | +0.23% | ₹133.00 (+2.98%) |
| Gleam Fabmat Ltd. | SME | ₹3.12 Cr | ₹10 | null | ₹8.55 | -14.50% | ₹22.00 (-4.80%) |
| Diksha Greens Ltd. | SME | ₹13.32 Cr | ₹30 | null | ₹35.90 | +19.67% | ₹1.10 (+1.85%) |
| Roni Households Ltd. | SME | ₹3.00 Cr | ₹20 | null | ₹20.50 | +2.50% | ₹39.90 (+5.00%) |
| Sun Retail Ltd. | SME | ₹10.12 Cr | ₹23 | null | ₹37.80 | +64.35% | ₹0.28 (+0.00%) |
| AKG Exim Ltd. | SME | ₹5.52 Cr | ₹31 | null | ₹32.00 | +3.23% | ₹9.99 (-4.49%) |
| MSTC Ltd. | Mainboard | ₹211.04 Cr | ₹120 | null | ₹113.95 | -5.04% | ₹631.85 (-3.01%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting Additional Working Capital Requirements | 3.45 |
About Parshva Enterprises IPO
Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewellery. They buy and sell diamonds of different categories depending on fancy colour, size, shape and cut (princess-cut, heart-cut, etc.). The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only. In gold jewellery, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls. Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties. The competitive strengths of the company are:1. Multiple product range2. Good quality products3. Market-specific products+ Read More
Contact Details
Parshva Enterprises Ltd. Address811, A Wing, Jaswanti Allied Business CentreRamchandra Lane Extn.Malad (West)Mumbai, Maharashtra, 400064+91 22 4972 9700info@parshvaenterprises.co.inVisit Website