Navoday Enterprises Ltd. IPO Details with Share Price Range and Issue Size
Navoday Enterprises Ltd. IPO Details with Share Price Range and Issue Size

Navoday Enterprises Ltd. IPO Details with Share Price Range and Issue Size

 

Opening Date

June 14, 2021

Closing Date

June 17, 2021

Face Value

Rs. 10 per equity share

IPO Price

Rs. 20 per equity share

Minimum Order Quantity

6,000 equity shares

Issue Size

2,304,000 equity shares (aggregating to Rs. 4.61 crores)

 

Navoday Enterprises Ltd. is planning to launch an IPO on the 14th of June 2021 offering 2,304,000 equity shares to investors. The issue will continue for a span of 4 days and will close on the 17th of June 2021.

Overview of Navoday Enterprises Ltd.

Navoday Enterprises Ltd. was incorporated in 2007 and is in the marketing and advertising market space. They primarily operate in 3 main verticals being marketing support and advertising, management and financial consultancy services, and component supply and support services for the manufacturers of allied machines as well as packaging. The Navoday Enterprises Ltd. IPO has been looked forward to by many investors due to the company’s expertise in outdoor media service offerings. The Navoday Enterprises Ltd IPO’s main goal is to raise capital for working capital needs and corporate purposes in general.

In addition, Navoday Enterprises Ltd. also engages in event management spaces that include activities such as organizing, planning, and managing events. The total assets increased from Rs. 513.12 Lakhs to Rs. 1,378.57 Laksh from 31 March 2019 to 31 March 2020 respectively. In addition, the total revenue from Rs. 1,651.70 Lakhs to Rs. 4,827.24 Lakhs from 31 March 2019 to 31 March 2020 respectively.

  • Navoday Enterprises IPO details

Now that you have an understanding of the performance and fundamentals of the company, let us have a look into the details of the IPO.

  • Navoday Enterprises IPO date

The Navoday Enterprises IPO will open on June 14, 2021, and stay open for a span of 4 days. The Navoday Enterprises IPO  will close on June 17, 2021.

  • Navoday Enterprises IPO share price

The IPO share price is Rs. 20 per equity share. The face value is Rs. 10 per equity share. In addition, you will have to place an order for 6,000 shares at the very least as the minimum order quantity is 6,000 shares.

Conclusion

If you plan on investing in Navoday Enterprises Ltd. IPO, you will require a Demat account. If you do not already have a Demat account, check out Motilal Oswal to open a Demat account for free in a hassle-free manner. 

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