Naman In-Store (India) IPO

Naman In-Store (India) Limited

₹1,34,400 /1600 sharesMinimum Investment

Naman In-Store (India) IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
22 Mar ‘24 - 27 Mar ‘24₹1,34,4001,600₹84 - ₹89
Issue SizeIPO Doc
25.35Cr
RHP PDF

About Naman In-Store (India)

Naman In-Store (India) Limited is a display and retail furniture solutions company catering to various industries and retail stores, including modular furniture for offices, beauty stores, kitchens, and educational institutions. They offer turnkey project execution, manufacturing customized furniture and fixtures in wood, metal, and plastic. The company designs customized display and in-store furniture solutions using its in-house technical and design team. Their manufacturing facilities in Vasai, Maharashtra, cover an area of approximately 1,41,687 sq. ft., equipped to carry out manufacturing activities including design, prototyping, fabrication, coating, printing, and packaging. Additionally, they have warehouses located in Kaman, Maharashtra, and Bengaluru. The company operates on a B2B (business-to-business) model. As of September 30, 2023, the company has served approximately 32 retail customers and their franchises, along with 4 industrial customers. ;
Founded in
2010
Managing director
Mr. Raju Paleja
Parent organisation
Naman In-Store (India) Limited

Strengths & Financials of Naman In-Store (India)

Strengths
Risks
The company holds ISO 9001, 14001, and OHSAS 18001 certifications for product quality and a UK Compliance Certificate for quality systems.
As per the company, it served more than 25, 45, 50, and 35 customers for the years ending March 31, 2021, 2022, and 2023, as well as the six-month period ending September 30, 2023, respectively.
As on September 30, 2023, the company has an employee strength of 491.
The company reported revenue from operations of Rs. 13.38 cr, Rs. 50.99 cr and Rs. 149.85 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 0.051 cr, Rs. 0.21 cr and Rs. 3.82 cr respectively.
The company has secured certain borrowings by creating a charge over movable and directors’ immovable properties for loans obtained from banks and financial institutions. As of September 30, 2023, the total outstanding secured loans amount to Rs. 26.75 cr.
A significant portion of the company's revenue from operations is derived from services offered to customers in Maharashtra. For the six-month period ending September 30, 2023, and fiscal years 2023, 2022, and 2021, revenue generated from operations in Maharashtra represented 51.72%, 38.90%, 61.73%, and 44.51% of the company's total revenue from operations for the corresponding periods.
The company relies on third-party transportation providers for both the supply of raw materials and the delivery of goods. Any disruption in their operations or a decline in service quality could impact the company's reputation and operational outcomes.
As of September 30, 2023, unsecured loans taken by the company stood at Rs. 4.91 cr. 17. This may be recalled at any time by the lenders.
The company has not established any long-term contracts with its customers and usually operates on a purchase-order basis. This approach could potentially have negative effects on revenues and profitability. Additionally, majority of the company’s revenues are derived from its top 10 customers.
The company experienced negative cash flow from operating activities of Rs. (39.45) cr, Rs. (40.01) cr and Rs. (0.89) cr in FY 2021, 2022 and 2023 respectively.

Naman In-Store (India) Financials

*All values are in Rs. Cr
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Application Details of Naman In-Store (India) IPO

Apply asPrice bandApply Range
Regular84 - 89₹2 - 5 Lakh
High Networth Individual84 - 89₹2 - 5 Lakh
For Naman In-Store (India) IPO, eligible investors can apply as Regular.