| IPO date | 22 Mar 2024 – 27 Mar 2024 |
| Listing date | 02 Apr 2024 |
| Price range | 84 – 89 |
| Minimum order quantity | 1600 | (D)RHP | View |
Naman In-Store (India) Limited is launching its IPO. The IPO opens for subscription on 22nd March 2024 and will close on 27th March 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Naman In-Store (India) Limited do?
Incorporated in 2010, Naman In-Store (India) Limited is a B2B-focused display and retail furniture & fixture company with a broad spectrum of offerings and in-store solutions for various industries and retail stores. The company manufactures modular furniture for offices, beauty stores, low-housing kitchens, and educational institutions as well as supermarket shelving solutions.
The company also manufactures in-store customized furniture and fixtures in wood, metal, and plastic in respect of kiosks, full shops, Countertop Units (CTU), Countertop Display Units (CDU), Point of Sales Merchandising (POSM), etc. As of September 30, 2023, The company served around 32 retail customers and their franchises and 4 industrial customers. It provides services to PAN India and has further expanded its reach and presence by procuring export orders in the USA to supply retail furniture and fixtures.
Schedule/Timeline of Naman In-Store (India) Limited IPO
| Issue Period | 22nd March to 27th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 28, 2024 |
| Initiation of Refunds | April 01, 2024 |
| Credit of Shares | April 01, 2024 |
| Date of Listing | April 02, 2024 |
| Mandate end date | April 11, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 28, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 28, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Naman In-Store (India) Limited IPO?
You can apply for the Naman In-Store (India) Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Naman In-Store (India) Limited IPO?
You can check the allotment status for the Naman In-Store (India) Limited IPO on the website of the Registrar and Transfer agent.