NATURO INDIABULL LIMITED IPO: Details, Review, Allotment date and Subscription Status

naturo indiabull limited ipo Review, allotment date, subscription and grey market premium(gmp)

Incorporated in 2016, Naturo Indiabull is in the business of the Fast-Moving Consumer Goods industry. The brand purchases a variety of products from manufacturers and sells them in its own brand directly to wholesellers and through agents. It carries on the business of garments, textiles, jewellery, FMCG, Real Estate, Stone-Mines, Herbal Products, Automobile, Printing, Share Trading, providing education, Agriculture Seeds and Fertilizers, Hospitality, and Food items. It also trades in various health products and kits including sanitary towels, sanitary napkins, hand sanitiser, and other health kits.

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naturo indiabull limited ipo Review, allotment date, subscription and grey market premium(gmp)

NATURO INDIABULL LIMITED IPO Details

IPO Size: 3640000 Equity Shares
(aggregating up to ₹10.92 Crore)
Bid Lot: 4000 Equity Shares and in Multiples thereof
Price Band: ₹30.00
Minimum Bid Lot: 1 Lot (4000 Equity Shares)
Minimum Bid Amount (in Rs.): ₹1,20,000.00 at cut-off price.
Maximum Bid Lot: 3456000 Lot (8000 Equity Shares)
Maximum Bid Amount (in Rs.): ₹10,36,80,000.00 at cut-off price.
Name of the Registrar: Finshore Management Services Limited
Allotment Link: https://finshoregroup.com/finshore/
Listing on: BSE
Face Value: 10
Retail Quota: Not less than 50% of the Net Issue
NII Quota: Not less than 50% of the Net Issue
Emp Quota: Not less than 0% of the Net Issue
Listing Name: NATURO
Above information source: SEBI official site.

NATURO INDIABULL LIMITED IPO Review and GMP (Grey market premium) Today and Kostak Price Live

Company Name GMP(grey market Premium) Kostak Price
ALL IPO GMP (grey market premium) Today and Kostak Price
Disclaimer: Stock Market investments are subject to market risks, read all scheme related documents carefully before investing. All the information provided on our IPO Portal is for Reaserch purpose only. I do not claim any facts, and figure mentioned here.
Source: SmartInvestment

NATURO INDIABULL LIMITED IPO Review

  • Object of the issue : Working capital requirements, General purposes, Meet the issue expenses.
  • Company Management : Ms. Jyoti Choudhary and Mr. Gaurav Jain
  • Market Cap : Rs. 30.59 Cr.
  • Pre Issue Promoter Holding : 42.17%
  • Post Issue Promoter holding : 27.12%
  • Issue constitutes 35.69% of the post issue paid up capital
  • Average of last 3 Yrs. EPS Rs. 3.16 & RONW : 25.01%
  • Pre IPO Eq. Capital Rs. : 6.56 Cr.
  • Post IPO Eq. Capital Rs. 10.20 Cr.
  • Pre IPO : P/BV Ratio 1.55 (NAV : 19.30)
  • Pre IPO P/E Ratio : 17.65
  • Post IPO asking P/E on fully diluted equity : 26.60
  • BRLM’s Performance : This is 28th Issue from BRLM in last 5 years. In last 10 Listing : 7 Issued opened with premium, 1 Issue Opened with Discount & 2 Issue opened with at par.
  • OTHER SIDE OF THE COIN

  • The average cost of acquisition of equity share by the promoter is Rs. 8.86 and Rs. 17.31 per share and offer price is Rs. 30 per share.
  • The company had issued bonus shares in the ratio of 15:1 in February 2022 before filing the DRHP
  • Apart from initial equity capital at par company has issued equity shares in the price range of Rs. 260 to 290 per share between December 2020 and February 2022
  • It has build up its NAV by collecting high premium on conversion and further issuance of equity shares.
  • RONW has gone down from 102.28% in FY20 to 8.80% in FY22
  • ROCE came down from 129.88% (FY20) to 11.78% & FY22
  • It has no connection name used India bulls group.
  • Post IPO listing promoters holding will be rescued from 42.17% to 27.12% which is very low
  • Recommendation : It has posted inconsistent financial performance for the last three fiscals and there was a setback in top line and bottom line of FY2021. However it has reported sharp recovery from the fiscal 2022. On valuation front considering P/BV of 1.55& PE of 17.65. IPO is fully priced. It has recued its debt during last three fiscals speedy and now almost debt free company. Considering its diversifying business portfolio and almost debt free status, investors may apply in this IPO for mid term prospective.

    NATURO INDIABULL LIMITED IPO Timetable

    IPO Open: 22 Aug 2022
    IPO Close: 24 Aug 2022
    Modification Period: Post Issue Modification on 25 Aug 2022 from 10.00 am to 11.00 am
    Cut-off time for UPI Mandate Confirmation: 25 Aug 2022 from 10.00 am to 11.00 am
    Allotment Date: 29 Aug 2022
    Refunds Date: 30 Aug 2022
    Credit of Shares to Demat Account: 31 Aug 2022
    IPO Listing Date: 01 Sep 2022
    Above information source: SEBI official site.

    Check NATURO INDIABULL LIMITED BSE & NSE IPO subscription status live start on: 22 Aug 2022

    BSE:
    QIB (in Equity Share) -
    NII (in Equity Share) -
    Retail (in Equity Share) -
    Others (in Equity Share) -
    Total (in Equity Share) -
    Information source: BSE official site.

    NATURO INDIABULL LIMITED Company issue offer 3640000 Equity Shares (Approximately up to ₹10.92 Crore) IPO was subscribed more than times on the this day of the bidding process. Bids were received for crore equity shares against an offer size of equity stocks as per Bombay stock Exchange (BSE).

    The portion reserved for retail investors was subscribed times, qualified institutional buyers category was subscribed times and non-institutional category received times subscription.

    Price band has been fixed at ₹30.00 per equity share for the initial share-sale.

    Where to check ipo allotment status for NATURO INDIABULL LIMITED?

    After garnering a massive response from investors, the Initial public offering (IPO) of NATURO INDIABULL LIMITED is likely to be up for allotment on 29 Aug 2022 day.

    There are two official way to check NATURO INDIABULL LIMITED IPO allotment status,

    1. BSE official site
    2. IPO registrar's website

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