Navjeet India Limited

Navjeet India Limited (New IPO): GMP, Profit, Price & expert review

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Navjeet India Limited is a prominent player in the kidswear industry, retailing through its popular brand “Mumkins.” The company specializes in designing and sourcing a diverse range of children’s apparel and accessories, catering to infants through pre-teens.

Navjeet India Limited operates 47+ exclusive brand stores (Mumkins) across 24+ cities in India, including Tier 1, 2, and 3 locations. While the kidswear market is highly unorganized, the company holds a notable presence in the organized occasion-wear segment, serving over 65,000 customers nationwide.

Navjeet India Limited was incorporated on 22 Feb 2016 and is currently led by Ataljit Abhimanyu.

Navjeet India Limited has filed DRHP with SEBI for a proposed IPO with an issue size of 4,000,000 Equity Shares consisting entirely as Fresh Issue of 4,000,000 Equity Shares and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:4,000,000 Equity Shares
Fresh Issue:4,000,000 Equity Shares
Offer for Sale:00 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Navjeet India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 10.84 Cr
Revenue:₹ 45.89 Cr
EBITDA ₹ 4.22 Cr
PAT₹ 1.83 Cr
EBITDA Margin:~9.22%
PAT Margin~4.00%
Face Value:₹ 10 Per Equity Shares

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Opening New Stores~  ₹ 17.38 Cr
Loan Prepayment or repayment~  ₹ 00 Cr
Working capital requirement~  ₹ 00 Cr
General Corporate Purpose~  ₹ 00 Cr

Navjeet India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 40.1₹ 42.1₹ 45.8
PAT (₹ Cr)₹ 0.6₹ 0.6₹ 1.8
Asset (₹ Cr)₹ 35.8₹ 30.4₹ 39.8
Net Worth (₹ Cr)₹ 8.4₹ 9.0₹ 10.8

Navjeet India Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
02-Mar₹ –₹ –₹ –
01-Mar₹ –₹ –₹ –
28-Feb₹ –₹ –₹ –
27-Feb₹ –₹ –₹ –
26-Feb₹ –₹ –₹ –
Navjeet India Limited

Navjeet India Limited IPO Pros & Cons

Strengths:

  • Brand Recognition: Established “Mumkins” brand has a strong presence in the niche kidswear segment.
  • Profit Growth: Reported a massive 208% increase in Profit After Tax during FY 2025.
  • Retail Footprint: Operates forty-seven exclusive stores across twenty-four Indian cities, including Tier-3 locations.
  • Diversified Sales: Balanced revenue stream through physical stores, e-commerce platforms, and direct-to-consumer partnerships.
  • Market Segment: Focuses on high demand partywear and casual clothing for infants to early teens.

Risks:

  • SME Risk: Listing on NSE SME platform often involves higher volatility and lower liquidity.
  • High Borrowing: Total borrowings exceed ten crore rupees, resulting in a debt-to-equity ratio of 0.93.
  • Cash Flow: Company reported negative operating cash flows despite showing significant accounting profit growth.
  • Regional Concentration: Operations are largely concentrated in Rajasthan and North India, limiting geographical diversity.
  • Competitive Space: Faces intense competition from major retail giants like Trent, FirstCry, and V-Mart.

Navjeet India Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Prakash Lal Chandani76.67%
Ataljit Abhimanyu11.67%
Niranjan Nebhnani Kumar5.83%
Daksha Devi5.83%

Navjeet India Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Navjeet India Limited

Lead / Book Running Lead ManagersCUMULATIVE CAPITAL PRIVATE LIMITED
Registrar (RTA)Bigshare Services Private Limited

Navjeet India Limited FAQ

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