Pavna Industries Limited IPO (Pavna Industries IPO) Details:

Pavna Industries Limited IPO (Pavna Industries IPO) Details:

pavana industries ipo

Pavna Industries Limited IPO (Pavna Industries IPO) Details:

The Company manufactures vehicle parts and solutions for automotive applications. The company produces a large variety of automobile parts to meet the needs of passenger cars, two-wheels, three-wheelers, heavy and light commercial vehicles, and off-highway vehicles for original equipment manufacturers. The company has a well-diversified portfolio of items including ignition switches, litters, fuel tank caps, automotive fences, handles and switches, carburetors, pumps for gasoline, bottles for throstle body, casting components, etc.

Pavna headquartered in Aligarh, Aurangabad, Pantnagar & Pune, with ultra-modern manufacturing facilities in India. Our facility was built to follow the highest standards of plant engineering and, as you can learn, our plants produce vast quantities of automotive goods to the exacting standards of our customers. All units of the PAVNA have been IATF & OHSAS approved. Over 4,000 (direct and indirect) skilled workers are involved, including the manufacture, quality, and other related services.

The company has three production facilities in Aligarh (UP), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). To offer the highest quality automotive parts, the units are ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and IATF 16949:2016 approved.

Pavna Industries Limited IPO (Pavna Industries IPO) Details:

IPO Opening Date Feb 24th, 2021
IPO Closing Date Mar 1st, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹165 per equity share
Market Lot 800 Shares
Min Order Quantity 800 Shares
Listing At NSE SME
Issue Size 18,00,000 Eq Shares of ₹10 (aggregating up to ₹29.70 Cr)
Fresh Issue 9,02,400 Eq Shares of ₹10 (aggregating up to ₹14.89 Cr)
Offer for Sale 8,97,600 Eq Shares of ₹10 (aggregating up to ₹14.81 Cr)

Pavna Industries Limited IPO: The company produces a large variety of automobile parts to meet the needs of passenger cars, two-wheels, three-wheelers, heavy and light commercial vehicles. However, the issue is going to be opened on 24th February and it will be closed on 1st March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 165/- per share. However, the minimum market lot is set at 800 shares per lot. Moreover, the minimum order quantity for buying is 800 shares. Further, the stock listing at BSE SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 29.70 crores. And its fresh issue of Equity shares of Rs. 10/- aggregating up to Rs. 14.89 crores. And the Offer for Sale is Rs. 14.81 crores.

Objects of the Issue:

The IPO aims to raise money for the following purposes;

    • To make partial repayment of loans.
    • To meet general corporate purposes.

Prospectus Documents:

Pavna Industries IPO DRHP

Pavna Industries Limited
Vimlanchal, Hari Nagar
Aligarh – 202001

Phone: +91 8006409332
Email: info@pavnagroup.com
Website: http://www.pavnagroup.com/

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