Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewellery. They buy and sell diamonds of different categories depending on fancy colour, 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 jewellery, 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
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Meeting Additional Working Capital Requirements | ₹3 |
| Metric | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|
| Total Assets | 358 | 205 | — |
| Revenue | 709 | 476 | — |
| PAT | 30 | 4 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 384,000 (47%) | — |
| Retail (RII) | — | 384,000 (47%) | — |
| Market Maker | — | 42,000 (5%) | — |
| Total | — | 810,000 (100%) | — |
* Amount calculated at upper price band (₹45) · ** Total includes all investor categories
- 1 Initiation of Refund 28 Jun 2019
- 2 Credit of Shares to Demat 28 Jun 2019
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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