IPO

Parin Furniture Limited IPO

NSE SME

Offer Date: Sep 26, 2018 - Sep 28, 2018

₹ 120000 /2000 Shares

IPO Details

26 Sep, 2018

Open Date

28 Sep, 2018

Close Date

05 Oct, 2018

Allotment Date

09 Oct, 2018

Listing Date

Issue Price

Rs 60/- to Rs 63/- Per Equity Share 

Face Value

Rs 10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Karvy Computershare Pvt. Ltd

Market Lot

2000 Shares ( Rs 1,26,000/- )

Lead Manager

Hem Securities Limited

Issue Size

Fresh Issue of 30,00,000 Equity Shares of Rs 10/- at a price of Rs 60/- to Rs 63/- per share aggregating to Rs 18.90 Cr

Retail Portion

N/A

Subscription

69,36,000 2.44 times

IPO Docs

No related IPO documents available.

IPO Subscription Details

As onQIBNIIRetailTotal
Shares Offered / Reserved2,84,00015,62,0009,94,00030,00,000
Day 1 - 26-09-180 x15,92,000 1.0215,36,000 1.55 x31,28,000 1.10 x
Day 2 - 27-09-182,84,000 1.00 x16,96,000 1.0921,66,000 2.18 x41,46,000 1.46 x
Day 3 - 28-09-182,84,000 1.00 x29,50,000 1.8937,02,000 3.72 x69,36,000 2.44 x

Valuations

Earnings Per Share (EPS)

Rs 2.35/-

P/E Ratio

26.76

RoNW

20.41%

Net Asset Value (NAV) ( Post Issue )

Rs 30.92/-

Company Financials All values are in ₹ Cr.

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
AKG Exim Limited1.1920.138.46%112.35
Agro Tech Foods LimitedN/AN/AN/AN/A
AuSom Enterprises LimitedN/AN/AN/AN/A

- Promoter(s)

Company Promoter(s)

  1. Mr. Umesh Dhirajlal Nandani
  2. Mr. Deven Dipesh Nandani
  3. Mr. Parin Umeshbhai Nandani

IPO - Issue Objectives

  1. Repayment of Certain Secured Borrowing availed by our Company. ( Rs 9.00 Cr )
  2. Funding the Working Capital Requirements of the Company. ( Rs 6.20 Cr )
  3. General Corporate Purposes.
  4. To meet the expenses of the Issue.

IPO - FAQs

Ans. Parin Furniture Limited IPO is a SME IPO. The issue is priced at Rs 60/- to Rs 63/- Per Equity Share . The minimum order quantity is 2000 Shares. The IPO opens on Sep 26, 2018, and closes on Sep 28, 2018. Karvy Computershare Pvt. Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Parin Furniture Limited IPO opens on Sep 26, 2018 and closes on Sep 28, 2018.

Ans. The size of Parin Furniture Limited IPO is Fresh Issue of 30,00,000 Equity Shares of Rs 10/- at a price of Rs 60/- to Rs 63/- per share aggregating to Rs 18.90 Cr.

Ans. The IPO price band is set between Rs 60/- to Rs 63/- Per Equity Share .

Ans. To apply for Parin Furniture Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Parin Furniture Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Parin Furniture Limited IPO is Oct 5, 2018.

Ans. The Parin Furniture Limited IPO will be listed on Oct 9, 2018.

Ans. Follow the steps to check the allotment status for Parin Furniture Limited IPO here.