Shashwat Furnishing Solutions Limited IPO

BSE SME

Listed On: May 4, 2022 at ₹ 45.0

₹ 135000 /3000 Shares

Check Allotment

IPO Details

20 Apr, 2022

Open Date

25 Apr, 2022

Close Date

30 Apr, 2022

Allotment Date

04 May, 2022

Listing Date

Issue Price

₹45 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

KFin Technologies Limited

List Price

45.0

Listing Date

2022-05-04

Market Lot

3000 Shares (₹135,000/-)

Lead Manager

Beeline Broking Ltd

Issue Size

558,000 Eq Shares of ₹10(aggregating up to ₹2.51 Cr)

Retail Portion

N/A

Subscription

4.62 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	264,000	264,000	528,000
Day 1 - 20-04-22 06:00 PM	0.00 x	0.49 x	0.24 x
Day 2 - 21-04-22 05:00 PM	0.23 x	1.72 x	0.97 x
Day 3 - 22-04-22 05:00 PM	0.75 x	2.53 x	1.64 x
Day 4 - 25-04-22 05:00 PM	2.43 x	6.81 x	4.62 x

Valuations

Earnings Per Share (EPS)

₹0.84/-

P/E Ratio

53.50

RoNW

9.06%

Net Asset Value (NAV) - Post Issue

₹11.74/-

Company Financials All values are in ₹ Cr.

	28-Feb-22	31-Mar-21	31-Mar-20	31-Mar-19
Assets	2.34	N/A	N/A	N/A
Revenue	1.23	N/A	N/A	N/A
Profit After Tax	0.16	N/A	N/A	N/A

About The Company

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.

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.28%

Company Promoter(s)

Mr. Hitesh Karnawat

IPO - Issue Objectives

Working Capital Requirement.
General Corporate Purpose.
To Meet the Issue Expenses.

IPO - FAQs

Ans. Shashwat Furnishing Solutions Limited IPO is a SME IPO. The issue is priced at ₹45 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Apr 20, 2022, and closes on Apr 25, 2022. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Shashwat Furnishing Solutions Limited IPO opens on Apr 20, 2022 and closes on Apr 25, 2022.

Ans. The size of Shashwat Furnishing Solutions Limited IPO is 558,000 Eq Shares of ₹10(aggregating up to ₹2.51 Cr).

Ans. The IPO price band is set between ₹45 per equity share.

Ans. To apply for Shashwat Furnishing Solutions Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shashwat Furnishing Solutions 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 Shashwat Furnishing Solutions Limited IPO is Apr 30, 2022.

Ans. The Shashwat Furnishing Solutions Limited IPO will be listed on May 4, 2022.

Ans. Follow the steps to check the allotment status for Shashwat Furnishing Solutions Limited IPO here.