Amanaya Ventures
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 24 Feb 2023 – 28 Feb 2023
- Listing date
- 09 Mar 2023
- Face value
- ₹10 per share
- Issue price
- ₹23 per share
- Lot size
- 6,000 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹2.76 Cr
- Market cap at offer price
- ₹8.60 Cr
- Promoter holding
- 59.80% → 37.50% pre-issue → post-issue
- ISIN
- INE0G1V01016
- Registrar
- Beetal Financial & Computer Services Pvt.Ltd.
- Lead managers
- First Overseas Capital Ltd.
- Registered office
- 69-70, First Floor, Deep Complex, Court Road, Punjab
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 60,000 | — | — |
Application size
Minimum 6,000 shares per lot, in multiples, at ₹23
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 6,000 | ₹1,38,000 |
| S-HNI (min) | 2 | 12,000 | ₹2,76,000 |
| S-HNI (max) | 7 | 42,000 | ₹9,66,000 |
| B-HNI (min) | 8 | 48,000 | ₹11,04,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.36 | — |
| P/E (×) | 63.89 | — |
| Market cap | — | ₹8.60 Cr |
Key performance indicators
- Return on net worth
- 0.15%
- Debt / equity
- 0.03
- EBITDA margin
- 0.98%
- NAV per share
- ₹9.84
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Amanaya Ventures
Amanaya Ventures Limited was originally incorporated as Amanaya Financial Services Private Limited on February 27, 2009, renamed Amanaya Ventures Private Limited in September 2015, and converted into a public limited company in October 2015 (CIN U51101PB2009PLC032640); it completed an NCLT-approved amalgamation with its associate Midland Services Limited in FY 2019-20 (order dated March 17, 2020). Headquartered in Amritsar, Punjab, the company was formed to promote SPOT buying and selling of gold across India: it is a bullion trader specialising in bars and coins of various sizes and weights of gold and silver, offering wholesale delivery to domestic users such as ornament manufacturers, goldsmiths, jewellers and semi-wholesalers as well as individual customers, and is a member of the Indian Bullion and Jewellers Association Ltd and the Federation of Indian Export Organisations. It sells through its Amritsar shop, an Ahmedabad branch office, the 'Aurel Bullion' Android trading app and the e-commerce portal www.aurelbullion.com, also supplying Amritsari Antique Jadau Jewellery manufactured at Amritsar, running the instalment-based Aurel Gold Purchase Plan (25% advance, balance over up to 11 months), and providing corporate advisory services to small business owners. In FY 2021-22 it reported total revenue of Rs. 13,25,16,419 and profit after tax of Rs. 7,63,180, with bullion contributing 99.73% of revenue from operations (B2B 71.67%, B2C 28.33%).
Company Analysis
from DRHPAmanaya Ventures Limited is a Punjab-based bullion trading company dealing in 24K gold and silver bars and coins and antique jadau jewellery, serving wholesale and retail customers through its shops, the 'Aurel Bullion' mobile app and an e-commerce portal, alongside corporate advisory services.
Amanaya Ventures Limited was originally incorporated as Amanaya Financial Services Private Limited on February 27, 2009, renamed Amanaya Ventures Private Limited in September 2015, and converted into a public limited company in October 2015 (CIN U51101PB2009PLC032640); it completed an NCLT-approved amalgamation with its associate Midland Services Limited in FY 2019-20 (order dated March 17, 2020). Headquartered in Amritsar, Punjab, the company was formed to promote SPOT buying and selling of gold across India: it is a bullion trader specialising in bars and coins of various sizes and weights of gold and silver, offering wholesale delivery to domestic users such as ornament manufacturers, goldsmiths, jewellers and semi-wholesalers as well as individual customers, and is a member of the Indian Bullion and Jewellers Association Ltd and the Federation of Indian Export Organisations. It sells through its Amritsar shop, an Ahmedabad branch office, the 'Aurel Bullion' Android trading app and the e-commerce portal www.aurelbullion.com, also supplying Amritsari Antique Jadau Jewellery manufactured at Amritsar, running the instalment-based Aurel Gold Purchase Plan (25% advance, balance over up to 11 months), and providing corporate advisory services to small business owners. In FY 2021-22 it reported total revenue of Rs. 13,25,16,419 and profit after tax of Rs. 7,63,180, with bullion contributing 99.73% of revenue from operations (B2B 71.67%, B2C 28.33%).
Objects of the Issue
- To meet the Working Capital requirements Rs. 250.00 Lakhs p.72
- To meet the expenses of the Issue Rs. 26.00 Lakhs p.74
Issue Structure
- Total Issue
- 12,00,000 Equity Shares at the Issue Price of Rs. 23 each aggregating Rs. 276.00 Lakhs
- Fresh Issue
- 12,00,000 Equity Shares at Rs. 23 each aggregating Rs. 276.00 Lakhs
- Offer for Sale
- N.A. (There is no Offer for Sale as Our Company is making only a Fresh Initial Public Offer/Issue.)
- Price Band
- Fixed Price Issue at Rs. 23 per Equity Share
- Lot Size
- 6,000 Equity Shares and in multiples of 6,000 thereafter
- Face Value
- Rs. 10/- each
Business Model
Earns revenue primarily from margins on spot trading of 24K gold and silver bars and coins sold to B2B customers (jewellers, manufacturers and traders — 71.67% of FY 2021-22 revenue from operations) and B2C retail customers (28.33%) via its Amritsar shop, the Aurel Bullion mobile app and www.aurelbullion.com; smaller streams include jewellery sales, the Aurel Gold Purchase Plan (instalment purchases against a 25% advance) and corporate advisory services (nil revenue to date).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Manan Mahajan | Promoter | 50.13 | 34.04 |
| Mrs. Rajni Mahajan | Promoter Group | 9.67 | 6.57 |
| Mrs. Shashi Mahajan | Promoter Group | — | 0.00 |
| Mr. Sabha Jit Mahajan | Promoter Group | 0.00 | 0.00 |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.