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Parin Furniture IPO is a book build issue of ₹18.90 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹18.90 crore.
Parin Furniture IPO bidding started from Sep 26, 2018 and ended on Sep 28, 2018. The allotment for Parin Furniture IPO was finalized on Oct 4, 2018. The shares got listed on NSE SME on Oct 9, 2018.
Parin Furniture IPO price band is set at ₹63.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,52,000.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Parin Furniture IPO RHP for detailed Information.
| IPO Date | September 26, 2018 to September 28, 2018 |
| Listing Date | October 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 to ₹63 per share |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹18.90 Cr) |
| Reserved for Market Maker | 1,60,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.01 Cr) |
| Net Offered to Public | 28,40,000 shares (aggregating up to ₹17.89 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,18,000 shares |
| Share Holding Post Issue | 1,11,18,000 shares |
Parin Furniture IPO offers total 30,00,000 shares. Out of which 2,84,000 (9.47%) allocated to QIB, 15,62,000 (52.07%) allocated to NII, 9,94,000 (33.13%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,60,000 (5.33%) |
| QIB Shares Offered | 2,84,000 (9.47%) |
| NII (HNI) Shares Offered | 15,62,000 (52.07%) |
| Retail Shares Offered | 9,94,000 (33.13%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Parin Furniture IPO opens on September 26, 2018, and closes on September 28, 2018.
| IPO Open Date | Wed, Sep 26, 2018 |
| IPO Close Date | Fri, Sep 28, 2018 |
| Tentative Allotment | Thu, Oct 4, 2018 |
| Initiation of Refunds | Fri, Oct 5, 2018 |
| Credit of Shares to Demat | Fri, Oct 5, 2018 |
| Tentative Listing Date | Tue, Oct 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 28, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
Incorporated in 2006, Gujarat based Parin Furniture Limited is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products. The product portfolio of the company includes a variety of furniture for homes, offices, hospitals and other institutions.
The company's business network is spread in 18 States with COCO Flagship Retail Stores in Ahmedabad, Rajkot, and Mumbai. Around 900 dealers associated with it. It has 4 warehouses in Rajkot, Surat, Mumbai, and Kolkata.
Parin Furniture has also entered into franchise agreements with other companies in Junagadh, Mehsana, and Hyderabad.
Its Subsidiary Company 'Pearl Furniture Private Limited' has a well-established manufacturing unit located at Rajkot. The facility is equipped with high tech equipment and design facility to manufacture various all types of furniture.
The company has 137 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 4,663.61 | 4,334.86 | 3,963.39 | 1,948.67 | 1,673.60 | |
| Total Revenue | 6,459.34 | 5,994.04 | 6,178.46 | 2,875.78 | 3,002.76 | |
| Profit After Tax | 261.78 | 135.54 | 101.57 | 27.53 | 60.82 | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | ||||||
| Total Assets | 5,744.18 | |||||
| Total Revenue | 6,532.36 | |||||
| Profit After Tax | 416.62 | |||||
The Company Parin Furniture IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Certain Secured Borrowing availed by the Company | 9.00 |
| 2 | Funding the Working Capital Requirements of the Company | 6.20 |
| 3 | General Corporate Purposes | 3.10 |
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| Listing Date | October 9, 2018 |
| BSE Script Code | |
| NSE Symbol | PARIN |
| ISIN | INE00U801010 |
| Final Issue Price | ₹63 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹64.00 |
| Low | ₹63.00 |
| High | ₹66.00 |
| Last Trade | ₹64.90 |
Parin Furniture Ltd.
Plot No. 6, Revenue Survey No. 149,
National Highway,at Vavdi, Gondal Road,
Rajkot, Gujarat - 360 004
Rajkot, Gujarat
Phone: +91-281-3300777
Email: cs@parinfurniture.com
Website: http://www.parinfurniture.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Parin Furniture IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹18.90 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on September 26, 2018, and closes on September 28, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Parin Furniture IPO using UPI as a payment gateway. Zerodha customers can apply in Parin Furniture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Parin Furniture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Parin Furniture IPO opens on September 26, 2018 and closes on September 28, 2018.
Parin Furniture IPO lot size is 2000, and the minimum amount required for application is ₹1,26,000.
You can apply in Parin Furniture IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Parin Furniture IPO will be done on Thursday, October 4, 2018, and the allotted shares will be credited to your demat account by Friday, October 5, 2018. Check the Parin Furniture IPO allotment status.
The Parin Furniture IPO listing date is on Tuesday, October 9, 2018.
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