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Naman In Store IPO
Price Band
₹84.0–89.0
Issue Size
₹25.35 Cr
Lot Size
1,600 shares
Min Investment
₹142,400
GMP
+₹50.0 (56.18%)
Issue Price
₹89.0
Subject to Sauda
₹60800
Paid only if allotted
Naman In Store IPO AI Summary
- Naman In Store IPO is listed on NSE SME in the Furniture, Home Furnishing sector.
- Price band: ₹84.0–₹89.0 per share, lot size 1,600 shares (min. investment ₹142,400).
- Subscription window: 22 Mar–27 Mar 2024, listing on 02 Apr 2024.
- Current GMP is +₹50.0 (56.18%), an estimated listing price of ₹139 — unofficial and can change daily.
Naman In-Store (India) Limited is a growing player in the furniture and fittings sector, with a solid business model and plans for expansion. The IPO is set to open on March 22, 2024, and aims to raise funds for capital expenditures and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Naman In Store IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Naman In Store IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+56.18%
Est. Listing
₹139.0
Updated: 25 Jul 2026 14:06
About the Company
Established in 2010, Naman In-Store (India) Limited is a retail furniture and fittings company providing retail solutions to various industries and retail outlets. The company manufactures modular furniture for offices, beauty salons, kitchens with limited space, educational institutions, and shelving solutions for supermarkets. The company also manufactures customized furniture and fixtures in wood, metal, and plastic for kiosks, complete stores, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sale Merchandising (POSM), etc. The company operates according to a B2B (business-to-business) model. Naman's manufacturing facility is located in Vasai, Maharashtra, with a built-up area of approximately 1,41,687 sq. ft. The company also has 2 warehouses in Kaman, Maharashtra, and 1 in Bengaluru. The company provides PAN India service, as of September 30, 2023, the Company has served approximately 32 retail customers and their franchisees and 04 industrial customers. As of September 30, 2023, the total number of employees was 491.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.99 | 30.74 | 16.93 | |
| Total Income | 79.30 | 149.94 | 51.09 | 13.41 |
| Profit After Tax | 6.19 | 3.82 | 0.21 | 0.05 |
| NET Worth | 12.03 | 5.85 | 2.03 | 1.32 |
| Reserves and Surplus | 4.89 | 0.53 | 0.42 | |
| Total Borrowing | 31.66 | 29.44 | 18.84 | 10.24 |
Key Ratios
EPS
₹4.96
NAV
₹85.96
ROE
69.22%
ROCE
24.51%
RoNW
51.42%
P/B Value
1.04
P/E Ratio
17.95
Market Cap
₹93.88 Cr
PAT Margin
7.81%
Promoters
Raju Paleja, Bhavika Paleja, Jay Shah, Mehul Naik and Abdul Shahid Shaikh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure of our company to acquire land on leasehold basis at Butibori, MIDC and proposes to shift the existing manufacturing facilities of the company 4.67 2 Construction of factory building 12.18 3 General Corporate Purposes 6.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹51.09 Cr in the year ending 31 Mar 2022, rising to ₹149.94 Cr by 31 Mar 2023. However, the most recent figure of ₹79.30 Cr as of 30 Sep 2023 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.21 Cr for the year ending 31 Mar 2022, increasing to ₹3.82 Cr by 31 Mar 2023. The latest figure of ₹6.19 Cr as of 30 Sep 2023 shows continued growth, but again, this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares are traded before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable and established companies with a long track record may wish to avoid this IPO, as it operates in a competitive sector and is relatively new in the market.
IPO Timeline, Explained
The IPO opens for subscription on March 22, 2024, and closes on March 27, 2024. Allotment of shares will be done on March 28, 2024, and the shares are expected to be listed on the stock exchange on April 2, 2024.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Naman In Store's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Naman In Store IPO GMP today?
Naman In Store IPO GMP today is +₹50.0 (56.18%), indicating an estimated listing price of ₹139. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Naman In Store IPO?
The price band of Naman In Store IPO is ₹84.0–₹89.0 per share.
When does Naman In Store IPO open and close?
Naman In Store IPO opens on 22 March 2024 and closes on 27 March 2024.
When does Naman In Store IPO list on the stock exchange?
Naman In Store IPO listed on 02 April 2024 at ₹139.0.
What is the lot size for Naman In Store IPO?
The lot size for Naman In Store IPO is 1600 shares, requiring a minimum investment of ₹142,400.
What is the price band for the IPO?
The price band for the IPO is ₹84.0 to ₹89.0.
What is the minimum investment required?
The minimum investment required is ₹142,400.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
When does the IPO open and close?
The IPO opens on March 22, 2024, and closes on March 27, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Mar 2024
Close
27 Mar 2024
Allotment
28 Mar 2024
Listing
02 Apr 2024
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