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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 ₹45.00 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). The minimum lot size investment for 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 Date | April 20, 2022 to April 25, 2022 |
| Listing Date | May 4, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,58,000 shares (aggregating up to ₹2.51 Cr) |
| Reserved for Market Maker | 30,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.1350 Cr) |
| Net Offered to Public | 5,28,000 shares (aggregating up to ₹2.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,30,000 shares |
| Share Holding Post Issue | 20,88,000 shares |
Shashwat Furnishing Solutions IPO offers total 5,58,000 shares. Out of which 2,64,000 (47.31%) allocated to NII, 2,64,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 30,000 (5.38%) |
| NII (HNI) Shares Offered | 2,64,000 (47.31%) |
| Retail Shares Offered | 2,64,000 (47.31%) |
| Total Shares Offered | 5,58,000 (100.00%) |
Shashwat Furnishing IPO opens on April 20, 2022, and closes on April 25, 2022.
| IPO Open Date | Wed, Apr 20, 2022 |
| IPO Close Date | Mon, Apr 25, 2022 |
| Tentative Listing Date | Wed, May 4, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 25, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 28-Feb-22 | |||||
| Total Assets | 234.44 | ||||
| Total Revenue | 123.46 | ||||
| Profit After Tax | 16.10 | ||||
The market capitalization of Shashwat Furnishing IPO is ₹9.40 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 53.6 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] It’s surprising that this company has just 11 months’ financial data which is not matching the asking price. Small equity capital post IPO indicates longer gestation for migration to the main board. IPO is exorbitantly priced. Simply stay away from this pricy bet Read detail review...
| Listing Date | May 4, 2022 |
| BSE Script Code | 543519 |
| NSE Symbol | |
| ISIN | INE0JMN01019 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.00 |
| Last Trade | ₹45.30 |
Shashwat Furnishing Solutions Ltd.
121,
Mahaveer Nagar,
Jain Colony,
Jodhpur, Rajasthan, 342001
Phone: +91-9001269000
Email: cs@handicraftsvillage.com
Website: http://www.handicraftsvillage.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: shashwat.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Shashwat Furnishing IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹2.51 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on April 20, 2022, and closes on April 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 April 20, 2022 and closes on April 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 Wednesday, May 4, 2022.
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