IPO Details
Bidding Dates
23 Feb '23 - 27 Feb '23
Minimum Investment
₹138,000/1 Lots ( 6000 Shares )
Price Range
₹23
Maximum Investment
₹138,000/1 Lots ( 6000 Shares )
Retail Discount
To be announced
Issue Size
₹2.76 crore
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Amanaya Ventures IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 23, 2023
IPO Closing Date
Feb 27, 2023
IPO Allotment Date
Mar 2, 2023
Initiation of Refunds
Mar 5, 2023
Credit of Shares to Demat Account
Mar 7, 2023
Listing Date
Mar 8, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Feb 23, 2023 |
0.11 | 0.24 | 0.17 |
Day 2Feb 26, 2023 |
0.26 | 1.15 | 0.71 |
Day 3Feb 27, 2023 |
0.77 | 2.73 | 1.75 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| NII | 0.77 |
| Retail | 2.73 |
| Total | 1.75 |
About Company
The company promoted SPOT buying and selling of gold in India. They are bullion traders, specialising in trading gold and silver bars and coins.
Amanya Ventures Ltd. has two business verticals. Their wholesale segment offers doorstep delivery of gold bullion to domestic users like jewellers, goldsmiths, and semi-wholesalers. The retail segment offers a gold purchase plan for retail customers allowing them to buy small amounts of gold. They have developed their own brand Aurel Bullion and the Aurel Gold Purchase Plan offers quality, hallmarked gold purchase plans to retail buyers. They have built an App, Aurel Bullion, that allows customers to buy or sell 24k gold and silver bars and coins in retail and wholesale.
Amanya Ventures Ltd. is a member of The Indian Bullion and Jewellers Association Ltd" and "The Federation of Indian Export Organisations".
Amanaya Ventures Ltd. IPO Objective
- The company proposes to raise funds to meet working capital requirements and general corporate expenses.
Why should you invest in Amanaya Ventures Ltd. IPO?
Here are your top reasons to invest in the IPO.
- They have a multichannel business approach. They offer to buy and sell gold and silver bullion and coins in retail and bulk through offline and online platforms.
- Aurel Gold Purchase Plan is a unique scheme for retail investors to buy physical gold through an eleven-month plan. Customers can fix the rate by making a 25% payment upfront.
- Aurel Bullions is a recognised brand name for buying gold and silver, and they have established long-term relationships with their suppliers.
Amanaya Ventures Ltd. Company Financials
| Parameters | Year ending on As on 31st March, 2022 | Year ending on As on 31st March, 2021 | Year ending on As on 31st March, 2020 |
|---|---|---|---|
| Total revenue | 1,325.16 | 620.16 | 445.85 |
| Profit After Tax | 7.63 | 1.12 | 0.13 |
| Total borrowings | 4.93 | NA | NA |
| Current Assets | 203.62 | 187.05 | 191.51 |
Know before investing
Strengths
3-
The company is currently expanding and has plans to spread its business in areas of Delhi, Ahmedabad, Amritsar, and NCR.
-
They want to transform themselves into a digital organisation to improve operational efficiency for cost reduction and improving overhead.
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They continue to invest in marketing and branding activities to improve brand recognition across markets.
Risks
3-
There are some legal cases pending against the company promoter which might impact the company’s future revenue earnings.
-
Their current business is concentrated in Amritsar and Ahmedabad, which can restrict their business prospects.
-
A situation like Covid-19 can have a serious impact on the company's financials and cash flow.
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Amanaya Ventures IPO FAQs
Amanaya Ventures Ltd. SME IPO opens on February 24, 2023. The total IPO size is ₹2.76 crore. It is a fixed price issue IPO with shares available at ₹23 per equity share.
The IPO shares of Amanaya Ventures Ltd. will be allotted on March 3, 2023.
One lot of Amanaya Ventures Ltd.’ IPO has 6000 shares.
The IPO will open on February 24, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the BSE exchange on March 9, 2023.
Angel One customers can log in to their accounts to check Amanaya Ventures Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO’s opening and offer prices.
The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 6000 shares.
