Naman In-Store (India) Ltd IPO

Naman In-Store (India) Limited was originally incorporated as `Naman In-Store (India) Private Limited' a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated July, 23, 2010, issued by the Registrar of Companies, Maharashtra, Mumbai (RoC). Thereafter, name of the Company was changed from `Naman In-Store (India) Private Limited' to `Naman In-Store (India) Limited', consequent to conversion of the Company from private to public company, pursuant to a special resolution passed by the shareholders of the Company on September 30, 2023, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Mumbai on October 25, 2023. The Company's Corporate Identity Number is U74140MH2010PLC205904.

India's retail sector is experiencing robust growth driven by several factors. The retail landscape in India offers a wide array of choices, including global e-commerce platforms, single-brand shopping websites, multi-retail apps, and social media sellers. Furthermore, discretionary spending power is on the rise, with the average per capita income in India surpassing US$ 2000 and projected to exceed US$ 12,000 by 2047. India ranks among the best countries to invest in Retail space. Factors that make India so attractive include the second largest population in the world, a middle-income class of 158 million households, increasing urbanization, rising household incomes, connected rural consumers, and increasing consumer spending. FMCG, apparel & footwear, and consumer electronics are the largest retail segments, constituting 65%, 10%, and 9% respectively of the retail market.

Naman In-Store (India) Limited is a prominent display and retail fixture company with a broad spectrum of offerings tailored to various industries. In the retail sector, the company specializes in providing top-notch store fixtures for fashion, apparel, footwear, beauty and electronic retailers. Its range of fixtures is designed to enhance the visual appeal and functionality of retail spaces. In addition to retail fixtures, Naman is also a prominent player in the manufacturing sector. Its expertise extends to crafting office furniture, low-housing kitchens, furniture for education institutions as well as supermarket shelving solutions, creating efficient storage solutions for retail environments. The company has a diverse clientele spanning different geographies, industry verticals, and service offerings. Naman operates on a B2B (Business-to-Business) model and thus does not operate on dealership mode.