The company promoted SPOT buying and selling of gold in India. They are bullion traders, specialising in trading gold and silver bars and coins.
Amanya Ventures Ltd. has two business verticals. Their wholesale segment offers doorstep delivery of gold bullion to domestic users like jewellers, goldsmiths, and semi-wholesalers. The retail segment offers a gold purchase plan for retail customers allowing them to buy small amounts of gold. They have developed their own brand Aurel Bullion and the Aurel Gold Purchase Plan offers quality, hallmarked gold purchase plans to retail buyers. They have built an App, Aurel Bullion, that allows customers to buy or sell 24k gold and silver bars and coins in retail and wholesale.
Amanya Ventures Ltd. is a member of The Indian Bullion and Jewellers Association Ltd" and "The Federation of Indian Export Organisations".
Amanaya Ventures Ltd. IPO Objective
- The company proposes to raise funds to meet working capital requirements and general corporate expenses.
Why should you invest in Amanaya Ventures Ltd. IPO?
Here are your top reasons to invest in the IPO.
- They have a multichannel business approach. They offer to buy and sell gold and silver bullion and coins in retail and bulk through offline and online platforms.
- Aurel Gold Purchase Plan is a unique scheme for retail investors to buy physical gold through an eleven-month plan. Customers can fix the rate by making a 25% payment upfront.
- Aurel Bullions is a recognised brand name for buying gold and silver, and they have established long-term relationships with their suppliers.
Amanaya Ventures Ltd. Company Financials
| Parameters | Year ending on As on 31st March, 2022 | Year ending on As on 31st March, 2021 |
|---|---|---|
| Total revenue | 1,325.16 | 620.16 |
| Profit After Tax | 7.63 | 1.12 |
| Total borrowings | 4.93 | NA |
| Current Assets | 203.62 | 187.05 |
Know before investing
Strengths
3The company is currently expanding and has plans to spread its business in areas of Delhi, Ahmedabad, Amritsar, and NCR.
They want to transform themselves into a digital organisation to improve operational efficiency for cost reduction and improving overhead.
They continue to invest in marketing and branding activities to improve brand recognition across markets.
Risks
3There are some legal cases pending against the company promoter which might impact the company’s future revenue earnings.
Their current business is concentrated in Amritsar and Ahmedabad, which can restrict their business prospects.
A situation like Covid-19 can have a serious impact on the company's financials and cash flow.
