Amanaya Ventures Limited IPO is set to launch on 24 Feb, 2023. The company initiated its business operations in 2009. The initial objective behind the company’s operations was to sell gold across India and promote SPOT Buying. The company is currently a bullion trader which specializes in selling bars and coins of gold and silver in various sizes. It is a member of the Indian Bullion and Jewellers Association Limited and also The Federation of Indian Export Organizations.
It offers wholesale delivery to the local and domestic manufacturers, goldsmiths, semi wholesalers and individual customers as well as the jewellers. The company offers an Aurel Gold Purchase plan to enable retail customers buying gold in smaller quantities. It has its own brand name Aurel Bullion.
Amanaya Ventures Limited IPO DETAILS
Amanaya Ventures Limited IPO is set to launch on 24 Feb., 2023. The subscription timeline extends till 28 Feb, 2023. The size for the IPO is 2.76 Crore Rs. Shares issued through fresh issue mode are worth 2.76 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 6000 shares and the price is 23 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Beetal Financial and Computer Services Private Limited.
Tabular Description of Amanaya Ventures Limited IPO
| IPO OPENING DATE | 24 Feb., 2023 |
| CLOSING DATE FOR IPO | 28 Feb, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 23 Rs per share |
| LOT SIZE | 6000 shares |
| MINIMUM ORDER QUANTITY | 6000 shares |
| ISSUE SIZE | 2.76 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 2.76 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 9 March, 2023 |
Amanaya Ventures Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 24 Feb., 2023 |
| CLOSING DATE FOR IPO | 28 Feb., 2023 |
| IPO ALLOTMENT DATE | 3 March, 2023 |
| REFUNDS | 6 March, 2023 |
| DEMAT A/C CREDITED ON | 8 March, 2023 |
| IPO LISTING DATE | 9 March, 2023 |
Amanaya Ventures Limited IPO begins for subscription from 24 Feb., 2023. The IPO subscription would continue till 28 Feb., 2023. The allotment status for the shareholders who applied would come on 3 March, 2023. The refunds for the ones who did not get allotment would be initiated on 6 March, 2023. The DEMAT accounts of shareholders would be credited on 8 March, 2023. The listing of the company would be accompanied on 9 March 2023.
Amanaya Ventures Limited IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
The minimum lot size for the company is decided at 6000 shares. This holding accounts to 138000 Rs.. The maximum lot size is decided at 12000 shares (HNI). This amounts to 276000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 6000 shares | 138000 Rs. |
| Maximum | 12000 shares | 276000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The money raised will be also utilised for the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 192 | 187 | 203 |
| Revenue | 445 | 620 | 1325 |
| PAT | 0.13 | 1.12 | 7.63 |
Amanaya Ventures Limited had an asset base of 192 Lakh Rs in 2020 which decreased to 187 Lakh Rs in 2021. However the asset base later on increased to 203 Lakh rs in 2022. The revenue for the company was 445 Lakh Rs in 2020 which increased to 620 Lakh Rs in 2021 and 1325 Lakh Rs in 2022. The Profits of the firm have increased over the years by a huge percentage margin. The profit in 2020 was 0.13 Lakh Rs which increased to 1.12 Lakh Rs in 2021 and 7.63 Lakh Rs in 2022.
PROS
- Amanaya Ventures Limited is a member of renowned organisations such as the Indian Bullion and Jewellers Association Limited and also The Federation of Indian Export Organizations.
- The company offers an Aurel Gold Purchase plan to enable retail customers buying gold in smaller quantities.
- It offers wholesale delivery to the local and domestic manufacturers, goldsmiths, semi wholesalers and individual customers as well as the jewellers.
CONS
- The company works in a highly competitive segment.
Amanaya Ventures Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Amanaya Ventures Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
