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:
- 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.
- Construction of factory building.
- 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.
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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
Strengths
2The 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.
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.
Risks
2Their 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.
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.
