IPO Details

Bidding Dates

22 Mar '24 - 27 Mar '24

Minimum Investment

₹142,400 / 1 Lot (1600 Shares)

Price Range

₹84 - ₹89

Maximum Investment

₹142,400 / 1 Lot (1600 Shares)

Retail Discount

Not Applicable

Issue Size

₹25.80 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 22, 2024

Closing Date

Mar 27, 2024

Basis of Allotment

Mar 28, 2024

Initiation of Refunds

Apr 1, 2024

Credit of Shares to Demat

Apr 1, 2024

Listing Date

Apr 2, 2024

Cut-off time for UPI mandate confirmation

Mar 27, 2024

Naman In-Store (India) IPO Subscription Details


Day 1Mar 22, 2024

4.79x 14.25x 23.80x 16.32x

Day 2Mar 26, 2024

8.86x 73.17x 106.08x 71.27x

Day 3Mar 27, 2024

109.75x 528.12x 328.67x 308.96x

Naman In-Store (India) IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 109.75
Non-Institutional Buyers 528.12
Retail Investors 328.67
Total 308.96

About Naman In-store (India) Ltd

They are a prominent display and retail furniture and fixture company with a broad spectrum of offerings and in-store solutions to various industries and retail stores. Further, they manufacture modular furniture for offices, beauty stores, low-housing kitchens, and educational institutions as well as supermarket shelving solutions. The company specialises in the design and execution of turnkey projects by bringing together under the same roof all of the resources necessary to meet the needs of any fit-out project. 

They specialise in providing one-stop solutions across multiple retail stores and industries as all engineering and shop drawing is performed in-house, under one roof. They manufacture in-store customised furniture and fixtures in wood, metal and plastic and in respect of kiosks, full shops, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sales Merchandising (POSM), etc. They operate on a B2B (Business-to-Business) model. Their range of fixtures is designed to enhance the visual appeal and functionality of retail spaces.

They provide their services all over India. Further, they have expanded their reach and presence by successfully procuring export orders in the USA to supply retail furniture and fixtures. 

Naman In-store (India) Ltd IPO Details

Naman In-store (India) Ltd IPO Date

The dates for bidding for the Naman In-store (India) IPO are March 22, 2024 to March 27, 2024.

Naman In-store (India) Ltd IPO Price Band

Naman In-store (India) is a book-built IPO. The exact price range is ₹84 to ₹89 per share.

Naman In-store (India) Ltd IPO Lot Size

The Naman In-store (India) Ltd IPO lot size is 1,600 shares per lot.

Naman In-store (India) Ltd IPO Objectives 

The net proceeds from the fresh issue are proposed to be utilised towards the following objectives: 

  1. Funding capital expenditure of their company to acquire land on leasehold basis at Butibori, MIDC and proposes to shift the existing manufacturing facilities of the company. 
  2. Construction of factory building.
  3. General corporate purposes.

Peer Details

There are no listed companies in India that engage in a business that is similar to that of Naman In-store.

How To Check the Allotment Status of the Naman In-store (India) Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Naman In-store (India) Ltd 

Registered office: E/13-14, Shree Sardar Patel CHSL, Patel Baug, Nehru Road, Opp Adarsh petrol pump, Vile Parle (E), Mumbai Maharashtra 400057 India.

Phone: +91-8087042862

E-mail: compliance@nipl.co 

IPO Financials

Particulars Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ lakh) 14,993.50 5,109.30 1,341.28
Net Profit (in ₹ lakh) 381.71 21.25 5.08
ROCE 23.98% 6.82% 3.81%
ROE 96.95% 12.70% 3.93%

Know before investing


  1. The company has received ISO 9001, 14001 and OHSAS 18001 Certifications for the quality of their products. Further, they have also received a UK Compliance Certificate for quality systems. It will help in increasing their exports and domestic sales.

  2. They provide one-stop solutions to their customers. It helps them resolve their customer’s requirements end-to-end and builds long-term relationships with them.


  1. Their business is dependent on their manufacturing facilities. Any unscheduled, unplanned or prolonged disruption of their manufacturing operations could materially and adversely affect the business, financial condition, cash flows and results of operations.

  2. A significant portion of their revenue from operations is derived in Maharashtra. For Fiscals 2023, 2022 and 2021, Maharashtra provided 38.90%, 61.73% and 44.51% of their revenue from operations for such periods respectively.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

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Choose IPO section on Home Page

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Naman In-store (India) Ltd IPO FAQs

What is Naman In-store (India) Ltd's IPO?

Naman In-store (India) IPO is a book-built IPO. The dates for the IPO are March 22, 2024, to March 27, 2024.

When will Naman In-store (India) Ltd's IPO be allotted?

The basis of allotment will be finalised on Thursday, March 28, 2024. The shares will be credited to the demat accounts on Monday, April 1, 2024.

When will Naman In-store (India) Ltd's IPO open for subscription?

The IPO subscription window is from March 22, 2024, to March 27, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 1,600 shares per lot.

When will Naman In-store (India) Ltd list on exchanges?

Naman In-store (India) Ltd will be listed on the NSE SME on Tuesday, April 2, 2024.

What would be the listing gains on the Naman In-store (India) Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Tuesday, April 2, 2024.

I have finished the application process for the Naman In-store (India) Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Naman In-store (India) Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Naman In-store (India) Ltd using one PAN?

You can submit only one application using your PAN card.