Naman In-Store IPO booked nearly 7x within hours of opening; Vishwas Agri Seeds IPO sailed through on Day 2.
The IPO is entirely a fresh equity issue of 30 lakh shares and through the issue, the company aims to raise Rs 26 crore.
The company is offering its shares at Rs 86 apiece, and investors can bid for 1,600 shares in one lot.
The net proceeds from the public offer will be used for capital expenditure, to purchase equipment for setting up seed testing labs, working capital requirements, and general corporate purposes.
Vishwas Agri Seeds is in the business of processing quality seeds and supplying them to farmers via their distribution network. The company sells its seeds under the brand name «Vishwas».
For the period ended September 2023, the company clocked revenues of Rs 42.47 crore and net profit of Rs 4.51 crore.
Isk Advisors is acting as the lead manager for the issue and Bigshare Services is the registrar.
Meanwhile, the issue of Naman In-Store was booked nearly 7 times within hours of opening. The IPO, which is entirely a fresh equity issue of 28.48 lakh shares, closes on March 27.
The company has priced the IPO in the range of Rs 84-89 apiece, and investors can bid for 1,600 shares in one lot.
The net proceeds from the public offer will be used for funding capital expenditure to acquire land on a leasehold basis, construction of factories, and general corporate purposes.
Naman In-Store (India) is a display and retail fixture company with a broad spectrum of offerings tailored to various industries. In the retail sector, it specialises in providing store fixtures for fashion, apparel, footwear, beauty,
