Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Wed, Apr 20, 2022 - Mon, Apr 25, 2022
Shashwat Furnishing IPO is a fixed price issue of ₹2.51 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹2.51 crore.
Shashwat Furnishing IPO bidding started from Apr 20, 2022 and ended on Apr 25, 2022. The shares got listed on BSE SME on May 4, 2022.
Shashwat Furnishing IPO price is ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Beeline Broking Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Shashwat Furnishing IPO RHP for detailed Information.
IPO Open
Wed, Apr 20, 2022
IPO Close
Mon, Apr 25, 2022
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹9.40 Cr
| IPO Date | 20 to 25 Apr, 2022 |
| Listed on | Wed, May 4, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,58,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 30,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.1350 Cr) |
| Fresh Issue (Ex Market Maker) | 5,28,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 5,28,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 15,30,000 shares |
| Share Holding Post Issue | 20,88,000 shares |
| BSE Script Code | 543519 |
| ISIN | INE0JMN01019 |
Shashwat Furnishing IPO comprises a total issue size of 5,58,000 shares. The net offer to the public is 5,28,000 shares, after excluding 30,000 shares allotted on a firm basis. Of the Net offer 2,64,000 (50.00%) allocated to NII 2,64,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Retail Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 30,000 | 5.38% | |
| Total Shares Offered | 5,58,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 1.60 |
| 2 | General Corporate Expenses | 0.51 |
| KPI | |
|---|---|
| RoNW | 0% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.00 | |
| P/E (x) | 53.6 | |
| Promoter Holding | 100% | 73.28% |
| Market Cap | ₹9.40 Cr. |
The Shashwat Furnishing Solutions IPO is subscribed 4.62 times on April 25, 2022 5:39:00 PM (Day 4). The public issue subscribed 6.81 times in the retail category, [.] times in the QIB category, and 2.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.43 | 2,64,000 | 6,42,000 |
| Retail | 6.81 | 2,64,000 | 17,97,000 |
| Total | 4.62 | 5,28,000 | 24,39,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.20 |
| 2 | Registrar to the issue | 0.01 |
| 3 | Legal Advisors | 0.01 |
| 4 | Advertising and Marketing expenses | 0.02 |
| 5 | Regulators including depositories and stock exchanges | 0.04 |
| 6 | Printing and distribution of issue stationery | 0.02 |
| 7 | Others, if any (market making, marketing fees, secretarial, peer review auditors, Syndicate Member Commission, Brokerage, selling, commission, upload fees and Miscellaneous etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.00 |
| Last Trade | ₹45.30 |
Lead Manager Reports
Shashwat Furnishing IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Apr 20, 2022, and closes on Mon, Apr 25, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shashwat Furnishing IPO using UPI as a payment gateway. Zerodha customers can apply in Shashwat Furnishing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shashwat Furnishing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shashwat Furnishing IPO opens on Wed, Apr 20, 2022 and closes on Mon, Apr 25, 2022.
Shashwat Furnishing IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Shashwat Furnishing 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 Shashwat Furnishing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shashwat Furnishing IPO allotment status.
The Shashwat Furnishing IPO listing date is on Wed, May 4, 2022.
