Shashwat Furnishing Solutions Limited IPO
BSE SME₹135,000 / 3000 Shares
Shashwat Furnishing Solutions Limited IPO Details
The Shashwat Furnishing Solutions Limited IPO price band is set between ₹45 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 20 Apr, 2022 and closes on 25 Apr, 2022. Investors can check the allotment status on 30 Apr, 2022, while the listing date is tentatively scheduled for 4 May, 2022.
The total issue size is 558,000 Eq Shares of ₹10, aggregating up to ₹2.51 Cr. Stay tuned for the latest Shashwat Furnishing Solutions Limited IPO review and GMP updates.
Shashwat Furnishing Solutions Limited IPO Review, Rating & Analysis
Shashwat Furnishing Solutions Limited IPO Review
NO REVIEWShashwat Furnishing Solutions Limited IPO Rating
Shashwat Furnishing Solutions Limited IPO Highlights
IPO Date
Apr 20, 2022 - Apr 25, 2022
Listing Date
4 May, 2022
Face Value
₹10 Per Equity Share
Price Band
₹45 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Shashwat Furnishing Solutions Limited IPO Lot Size
The minimum market lot for Shashwat Furnishing Solutions Limited IPO is 3000 shares with an application amount of ₹1,35,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,35,000 |
| Retail (Max) | 1 | 3000 | ₹1,35,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,70,000 |
| S-HNI (Max) | 7 | 21000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 24000 | ₹10,80,000 |
Shashwat Furnishing Solutions Limited IPO Timeline
Issue Price
₹45 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
KFin Technologies LimitedLead Manager
Beeline Broking LtdIssue Size
558,000 Eq Shares of ₹10(aggregating up to ₹2.51 Cr)Shashwat Furnishing Solutions Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 28 Feb 22 | 2.34 | 1.23 | 0.16 | - | - | - |
| 31 Mar 21 | N/A | N/A | N/A | - | - | - |
| 31 Mar 20 | N/A | N/A | N/A | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Hitesh Karnawat
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.28% |
About 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.
Shashwat Furnishing Solutions Limited 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 |
Frequently Asked Questions about Shashwat Furnishing Solutions Limited IPO IPO
When will Shashwat Furnishing Solutions Limited IPO open for subscription?
The Shashwat Furnishing Solutions Limited IPO opens on 20 Apr, 2022 and closes on 25 Apr, 2022.
What is the investors portion for Shashwat Furnishing Solutions Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 264000.
How to apply for Shashwat Furnishing Solutions Limited IPO?
You can apply for Shashwat Furnishing Solutions Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shashwat Furnishing Solutions Limited IPO?
The issue size of Shashwat Furnishing Solutions Limited IPO is approx ₹558,000 Eq Shares of ₹10(aggregating up to ₹2.51 Cr) crores.
What is the price band of Shashwat Furnishing Solutions Limited IPO?
The price band for Shashwat Furnishing Solutions Limited IPO is ₹45 per equity share to ₹undefined.
What is the lot size of Shashwat Furnishing Solutions Limited IPO?
The minimum bid (lot size) for Shashwat Furnishing Solutions Limited IPO is N/A shares with an investment of approx ₹135,000 .
What is the allotment date of Shashwat Furnishing Solutions Limited IPO?
The allotment date for Shashwat Furnishing Solutions Limited IPO is 30 Apr, 2022.
What is the listing date of Shashwat Furnishing Solutions Limited IPO?
The listing date for Shashwat Furnishing Solutions Limited IPO is expected to be 4 May, 2022.
What is the GMP of Shashwat Furnishing Solutions Limited IPO?
The latest Grey Market Premium (GMP) for Shashwat Furnishing Solutions Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.