Shashwat Furnishing Solutions Limited IPO Message Board (Page 3)

Shashwat GMP 2 - 3 @ 9:45 pm

Just go for it,
Apply full force of this IPO,
All says not apply but my view in this ipo is apply,
So my advice against all the experts.

Please support your suggestions with some justifications. Otherwise, no use of this message for forum members. Your money, do whatever you want to do with that.
Good luck!

REAL IPO

WHY ANYBODY SHOULD APPLY PROVIDE AT LEAST ONE POSITIVE FACTOR

Ipos coming soon from HEM Securities

Shashwat Furnishing Solutions Ltd
GMP 2 @ 11am on 22 April. (Very Very Less Trades)

Thanks

@ Chittorgarh Team,

Tentative Timetable is not available for this IPO

The group also exports furnitures to the countries like Germany, Italy, u.s etc. Investor money is in safe hands, expecting healthy return.

@saurav daga, How did you come to know

Shashwat Furnishing - for information of forum members.

1. Fresh issue Rs 2.5 Cr, OFS - Nil.

2. LM is Bee Line broking. During 2021, it managed 6 issues ranging from 3 Cr to 14 Cr. Listing day performance = 3 positive, 3 negative. Listing day gain ranges from 1% to 8%, Listing day loss ranges from 1% to 6%. In 2020, it managed 3 issues with size from 5 Cr to 10 Cr. Listing day performance = all 3 positive. Listing day gain ranges from 0% to 1.5%. (Ref - LM performance tracker as in Chittorgarh forum). So on LM alone, I am at PAR .

3. Issue proceed is 251 L and issue expenses is 40 L (16%). Balance money will be used for Working cap (160 L = 64%) and misc general corporate purpose (51 L = 20%). So on utilization of proceeds alone, I am POSITIVE.

4. Company is incorporated in March 2021 to acquire a promoter owned prop concern, the financials of which is not available in clear term. FY 22 is the first official year of operation as a Company. For period till 28-2-2022, it earned revenue of 123 L and PAT of 16 L (13%). Company is newly born and hence historical financial trend is not available. Sustainability is unknown. Also operational cash flow is negative 110 L for period till 28-2-2022. Company has no long term contract with most of the customers and suppliers. Top 5 customers and suppliers contribute more than 60% of its revenue and supply chain. On Financial alone, I am NEGATIVE to PAR.

5. Since it is a newly started company, litigation against company, promoters and directors are NIL. On compliance alone, I am POSITIVE for the time being.

6. Cost of acquisition of shares by promoter is Rs 11. Promoter acquired during last year. Issue price is 45. So promoter is valuing his shares by more than 4 times in less than 1 year period. On this font alone, I am NEGATIVE .

7. Company was promoted to take over the proprietary firm of promoter i.e. Handicrafts Village. Financials of Handicrafts Village is not available. Company does not own any property and all its offices and warehouses, workshops etc are taken on lease from its Directors and other parties. Company is heavily dependent on its promoter for success. On this font alone, I am NEGATIVE .

8. There is no listed peers and hence valuation is not comparable. EPS of Company is Rs 1.09 and with price at 45, Company is tapping for PE of 41 x. On valuation, I am NEGATIVE .

Facts are as available in public domain and opinions are personal, not to be considered as advice in either way. I will look forward Davda Sir and others' view and subscription figure to decide.

Fantastic way of presenting information and your views. Thank you so much for taking your valuable time out for the forum memmbers. Keep doing the good work.

Nice analysis

Very good company with experienced promoters. The promoters has decades of experience in this line of activity. One should apply this IPO with long term horizon. Expected healthy return. Promoters has a vision to list the company in NSE/BSE by 2024.

Shashwat Furnishing ipo Will take a call on last day around 2:30pm after seeing subscription numbers

Vivek Pharma SME IPO
Lead Manager: Hem Securities
Mostly by First week of May

Kuchh Log Keh Rahe hai Chennai Kolkata Mein Subject to Allotment Premium Rs 50000/= Chal Reha hai Radheshyaam Mundhra Le reha hai. Jai ho Radheshyaam ji ki.

Dear ipo analysis,lokes, mravichandran, noorul, avenue, Dinesh singh, eVA, hostpacker, king vinod, jai mataji di, and all chitorgarh family members should go for apply or skip this ipo?

Not Applying but small size IPO will not list in discount ( As per previous record )

Thanks dear lokes, mravi, ipo analysis, hostpacker for good response.

I am not applying this . Chance of discount listing is high.

In Zerodha this ipo is not showing is there any reason???

Only NSE SME IPO can be subscribed from Zerodha , not BSE SME

BSE ipo not shown in Zerodha.. Only NSE can subscribe..

Shashwat Furnishing :
Has any Promotor recently produced any movie on any prominent politician ?
or
Is any politician a promotor / stake holder in this company ??

Else I will probably skip this expensive issue...

@Avenue
🤣🤣😂😂

Thanks

Dear Avenue sir... Even if any connection ,will be revealed only after closing date of IPO...

Will not be applying. Company expecting PE of 41. No listed peers. Incomplete financial information as newly born company. Also doubtful as why if its newly born, then coming for ipo just now, they can wait can improve their performance and then should have come up with the IPO. My view - Avoid.

Hi I accept your comments.i am avoid it

I am skip this ipo.

I’m definitely not applying for this one. Valuation looks very bad. +50PE they are asking.

Thanks sir
You view on this ipo very important for us.

3SME shows. In which better?

Without much financial data, it will be pure gambling with high risk.

This IPO will sail through due to the size.

Agree. Small size and gamble bet. Could have sail through with 3x-4x hni with old hni rules. But with new rules, more risky bet both in SHNI and BHNI.