Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewelry. They buy and sell diamonds of different categories depending on fancy color, size, shape, and cut (princess-cut, heart-cut, etc.).The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only. In gold jewelry, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls. Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties.
The competitive strengths of the company are:
1. Multiple product range
2. Good quality products
3. Market-specific products
Company Promoters:
Prashant A Vora is the promoter of the company.
Company Financials:
Summary of Financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18
Particulars For the year/period(d/d eefnadueltd.a s(pin) Rs. Lakhs)
Total Assets 357.93 205.41
Total Revenue 709.22 476.29
Profit After Tax 30.04 3.88
Objects of the Issue:
The objects of the Net Proceeds (as defined below) of the Issue are:
-Meeting Additional Working Capital Requirements
Parshva Enterprises IPO Details
Issue Open Jun 19, 2019 - Jun 21, 2019
Issue Type Fixed Price Issue IPO
Issue Size 810,000 Eq Shares of Rs 10
(aggregating up to Rs 3.65 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 45 Per Equity Share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Parshva Enterprises IPO Tentative Date / Timetable
Bid/Offer Opens On Jun 19, 2019
Bid/Offer Closes On Jun 21, 2019
Finalization of Basis of Allotment Jun 27, 2019
Initiation of Refunds Jun 28, 2019
The credit of Shares to Demat Acct: Jun 28, 2019
IPO Shares Listing Date: Jul 1, 2019
Parshva Enterprises IPO Promoter Holding
Pre Issue Share Holding 100%
Post Issue Share Holding 73.09%
Company Contact Information
Parshva Enterprises Limited
811, A Wing, Jaswanti Allied Business Centre,
Ramchandra Lane Extn., Malad West,
Mumbai - 400064, Maharashtra, India
Phone: +91 22 4972 9700
Email: info@parshvaenterprises.co.in
Website: http://parshvaenterprises.co.in/
Parshva Enterprises IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Conclusion / Investment Strategy
PEL has just 21 months working records. The issue is priced very aggressively. Merchant Banker has an average track record.PEL operates in a highly competitive segment. Its current issue size may take a longer time for migration to the main board. Considering all these aspects, investors may skip this issue.
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