Shashwat Furnishing Solutions Limited IPO Detail
Shashwat Furnishing Solutions Limited is a manufacturer and supplier of furniture and handicraft items. The company specialize in developing Industrial Furniture, Restaurant and Cafe Furniture, Garden and Outdoor Furniture, Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts objects. The company engages in the business of purchasing, assembling, finishing and repairing semi-furnished furniture to converting them into finished goods. Shashwat Furnishing Solutions sells its furniture to wholesalers, retailers and customers through online platforms such as Indiamart, Trade India, Exporter India etc.
Shashwat Furnishing Solutions Limited acquired a sole proprietorship business M/s Handicrafts Village in 2021. The company's registered office, warehouse and processing unit are located in Jodhpur, Rajasthan.
Competitive Strengths:
- Experienced Management Team.
- Existing Supplier Relationship.
- Scalable Business Model.
- Quality Assurance and Standard.
Company Promoters
Mr. Hitesh KarnawatIPO Details
| IPO Opening Date | Apr 20, 2022 |
| IPO Closing Date | Apr 25, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.51 Cr |
| Fresh Issue | ₹2.51 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.49x | 0.24x | |
| Day 2 | - | - | 0.23x | 1.72x | 0.97x | |
| Day 3 | - | - | 0.75x | 2.53x | 1.64x | |
| Day 4 | - | - | 2.43x | 6.81x | 4.62x |
IPO Tentative Timetable
The Shashwat Furnishing Solutions Limited IPO open date is Apr 20, 2022, and the close date is Apr 25, 2022. The issue may list on May 05, 2022.
| IPO Open Date | Apr 20, 2022 |
| IPO Close Date | Apr 25, 2022 |
| Basis of Allotment Date | Apr 29, 2022 |
| Initiation of Refunds | May 02, 2022 |
| Credit of Shares to Demat Account | May 04, 2022 |
| IPO Listing Date | May 05, 2022 |
IPO Lot Size
The Shashwat Furnishing Solutions Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.28% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 28-Feb-22 | 234.44 | 123.46 | 16.10 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Shashwat Furnishing Solutions Limited IPO Registrar:
KFin Technologies Limited
Shashwat Furnishing Solutions Limited IPO Lead Manager(s):
Beeline Broking Ltd
Company Contact Information:
Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001
