Parshva Enterprises IPO Review, Date, Price, DRHP

Parshva Enterprises IPO Review

Parshva Enterprises Limited is engaged in trading and wholesale business of cut and polished diamonds and gold jewelry. This is mainly a Mumbai-based company. The content includes Parshva Enterprises IPO Review, issue details, company financials.

Parshva Enterprises Issue Details :

  • IPO Opens on – June 19, 2019
  • IPO Closes on – June 21, 2019
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 45 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – 3000 Shares.
  • Minimum Order Quantity – 3000 Shares.
  • Issue Size – 810,000 Eq Shares of Rs 10 (aggregating up to Rs 3.65 Cr).
  • Listing Exchange – BSE SME Exchange.
  • Draft Prospectus – Download

Objectives of the issue of the Company :

  • Meeting Additional Working Capital Requirements of this company.

About The Company –

  • Parshva Enterprises Limited incorporated in 2017.
  • This company buy and sell diamonds of different categories depending on fancy colour, size, shape and cut (princess-cut, heart-cut, etc.).
  • Parshva Enterprises Limited’s price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price.
  • This company deal with natural diamonds and some of the diamonds are GIA certified as well.
  • Parshva Enterprises Limited sells out diamonds to domestic clients only.
  • In gold jewellery, Parshva Enterprises Limited sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls.
  • This company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains.
  • Parshva Enterprises Limited are also involved in real estate broking business to deal with apartments and properties.

LOCATION :

Parshva Enterprises Limited 
811, A Wing, Jaswanti Allied Business Centre
Ramchandra Lane Extn., Malad West
Mumbai – 400064

Phone: +91 22 4972 9700

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Email: [email protected]
Website: www.parshvaenterprises.co.in

The promoter of Parshva Enterprises Limited :

  • Prashant A. Vora, aged 49 years, is a Promoter and Managing Director of this Company.

The Board of Directors of this company :

  • Prashant A. Vora, aged 49 years, is a Promoter and Managing Director of this Company.
  • Harsh P. Vora, aged 19 years, is a Non-Executive Director of this Company.
  • Nirav B. Shah, aged 41 years, is an Independent Director of this Company.
  • Mamta S. Patel, aged 22 years, is an Independent Director of this Company.

Competitive Strengths of Parshva Enterprises Limited :

  • Quality – Parshva Enterprises Limited has always believed in the best quality in their sourcing process and products. This company is dedicated towards quality of their products that satisfies need of their customers and quality standards prescribed by them.
  • Multiple Products – Parshva Enterprises Limited sell diamonds of multiple categories, different shape, size, cut and fancy colour. This Company offer various products such as Chains, Rings, Necklace, Pendants, Bracelet, Earrings and other jewellery studded with pearls and precious stones. Their trade in multiple jewellery products to cater to the specific needs of their clients.
  • Company’s domain expertise – In a short span, this company have collected a large range of designs of Jewellery for their customers. Parshva Enterprises Limited believe, they understand the market trends, which enables us to be proactive and to suitably develop product mix for their various customers. This company believe that their range of designs and ability to always being abreast of the latest trends helps us to provide more and better choices to their customers.
  • Leadership – Parshva Enterprises Limited is managed by their Promoter along with his team having knowledge of core aspects of their Business. This company’s promoter viz. Prashant A. Vora has been spear heading their Company’s performance. Parshva Enterprises Limited’s Promoters are well assisted by our dedicated Key Managerial Persons. This company believe that the business understanding of their management will enable us to continue to take advantage of both current and future market opportunities.

Business strategies of this company :

  • Enhancing their existing customer base
  • Increase geographical presence
  • Attracting and retaining the quality manpower
  • Value addition for better margins
  • Project Development and Land Development

Company Financials :

Parshva Enterprises IPO

Parshva Enterprises IPO Review

The above details contain the company company’s profit-loss statement over the past 2 years. In the financial year 2019, the company has gained PAT (profit after tax) 30.04 lakhs. Now, let’s have a quick look at the other financial details of the company, taken from the DRHP (draft red herring prospectus). Basic and Diluted EPS (earnings per share) in Fy19 is at 1.50. Based on the EPS, price to earnings ratio (P/E) stands 30.00. As of the 31st March 2019, RoNW (Return on Net Worth) and NAV/Share are 9.38% and 14.55 respectively. As our analysis says Parshva Enterprises IPO Review carries a NEGATIVE view. Investors should avoid the company as it is still in a risky stage.

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