Naman In Store India Limited IPO
In the dynamic landscape of retail solutions, Naman In-Store (India) Limited emerges as a beacon of innovation and reliability. Established in 2010, this company has steadily carved a niche for itself in providing modular furniture and fittings across various industries and retail outlets in India. As it gears up for its Initial Public Offering (IPO), let's delve into what makes Naman In-Store a promising investment opportunity.
Company Overview
Naman In-Store specializes in manufacturing modular furniture tailored for diverse needs, ranging from offices and beauty salons to educational institutions and supermarkets. Their offerings extend beyond conventional furniture to include customized solutions in wood, metal, and plastic for kiosks, complete stores, and various point-of-sale displays.
Manufacturing and Operations
Headquartered in Vasai, Maharashtra, Naman In-Store operates a state-of-the-art manufacturing facility with additional warehouses strategically located in Kaman, Maharashtra, and Bengaluru. With a robust infrastructure and PAN India service capabilities, the company has successfully catered to approximately 32 retail customers and their franchisees, along with serving 4 industrial clients.
Objectives of the IPO
The primary objectives behind Naman In-Store's IPO are centred around the expansion and enhancement of its operational capabilities. The company intends to utilize the proceeds for:
Funding capital expenditure to acquire land in Butibori, MIDC, for shifting its existing manufacturing facilities.
Construction of a modern factory building to bolster production capacities.
General corporate purposes aimed at sustaining growth momentum and operational efficiency.
IPO Details
IPO Dates: March 22 to March 27, 2024
Price Band: ₹84 to ₹89 per share
Lot Size: 1600 Shares
Total Issue Size: ₹25 Crores
Retail Quota: 35%
Grey Market Premium (GMP): +40% (For Information Purposes Only)
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