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Parin Furniture Limited IPO (Parin Furniture IPO) Detail

September 26, 2018 - September 28, 2018

Parin Furniture IPO is a book built issue of Rs 18.90 crores.

Parin Furniture IPO bidding started from September 26, 2018 and ended on September 28, 2018. The allotment for Parin Furniture IPO was finalized on Thursday, October 4, 2018. The shares got listed on NSE SME on October 9, 2018.

Parin Furniture IPO price band is set at ₹60 to ₹63 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹126,000.

Hem Securities Limited is the book running lead manager of the Parin Furniture IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Parin Furniture IPO RHP for detailed information.

Parin Furniture IPO Details

IPO Date September 26, 2018 to September 28, 2018
Listing Date October 9, 2018
Face Value ₹10 per share
Price Band ₹60 to ₹63 per share
Lot Size 2000 Shares
Total Issue Size3,000,000 shares
(aggregating up to ₹18.90 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion160,000 shares

Parin Furniture IPO Reservation

Parin Furniture IPO offers 3,000,000 shares. 1,420,000 (47.33%) to NII, 1,420,000 (47.33%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered160,000 (5.33%)
NII (HNI) Shares Offered1,420,000 (47.33%)
Retail Shares Offered1,420,000 (47.33%)
Total Shares Offered3,000,000 (100%)

Parin Furniture IPO Timeline (Tentative Schedule)

Parin Furniture IPO opens on September 26, 2018, and closes on September 28, 2018.

IPO Open Date Wednesday, September 26, 2018
IPO Close Date Friday, September 28, 2018
Basis of Allotment Thursday, October 4, 2018
Initiation of Refunds Friday, October 5, 2018
Credit of Shares to Demat Friday, October 5, 2018
Listing Date Tuesday, October 9, 2018
Cut-off time for UPI mandate confirmation 5 PM on September 28, 2018

Parin Furniture IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹126,000
Retail (Max) 1 2000 ₹126,000
Lot Size Calculator

About Parin Furniture Limited

Incorporated in 2006, Gujarat based Parin Furniture Limited is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products. The product portfolio of the company includes a variety of furniture for homes, offices, hospitals and other institutions.

The company's business network is spread in 18 States with COCO Flagship Retail Stores in Ahmedabad, Rajkot, and Mumbai. Around 900 dealers associated with it. It has 4 warehouses in Rajkot, Surat, Mumbai, and Kolkata.

Parin Furniture has also entered into franchise agreements with other companies in Junagadh, Mehsana, and Hyderabad.

Its Subsidiary Company 'Pearl Furniture Private Limited' has a well-established manufacturing unit located at Rajkot. The facility is equipped with high tech equipment and design facility to manufacture various all types of furniture.

The company has 137 employees on its payroll.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,663.61 4,334.86 3,963.39 1,948.67 1,673.60
Total Revenue 6,459.34 5,994.04 6,178.46 2,875.78 3,002.76
Profit After Tax 261.78 135.54 101.57 27.53 60.82
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Lakhs)
Total Assets 5,744.18
Total Revenue 6,532.36
Profit After Tax 416.62

Objects of the Issue (Parin Furniture IPO Objectives)

The objects of the Issue are-

1. Repayment of certain Secured Borrowing availed by our Company- Rs 900 lakhs
2. Fund the Working Capital Requirements of the Company- Rs 620 lakhs
3. General Corporate Purposes
4. Issue Expenses

Parin Furniture IPO Review (Apply)

[Dilip Davda]  PFL is in fast forward mode with many new plans up the sleeve. Considering reasonable pricing and good orders on hand, investment may be considered. Read detail review...

Parin Furniture IPO Subscription Status (Bidding Detail)

The Parin Furniture IPO is subscribed 2.45 times on September 28, 2018 6:00:00 PM. The public issue subscribed 2.62 times in the retail category, times in the QIB category, and 2.08 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Parin Furniture IPO Prospectus

Parin Furniture IPO Rating

Rating:Rated 2.5 stars
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Parin Furniture IPO Listing Details

Listing Date October 9, 2018
BSE Script Code
ISIN INE00U801010
Final Issue Price ₹63 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Parin Furniture Limited Contact Details

Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149,
National Highway,at Vavdi, Gondal Road,
Rajkot, Gujarat - 360 004
Phone: +91-281-3300777

Parin Furniture IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Parin Furniture IPO - Buy or Not

Parin Furniture IPO Recommendation Summary

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Members 0 0 0

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Parin Furniture IPO FAQs

Parin Furniture IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹18.90 Crores. The issue is priced at ₹60 to ₹63 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 26, 2018, and closes on September 28, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Parin Furniture IPO opens on September 26, 2018 and closes on September 28, 2018.

Parin Furniture IPO lot size is 2000 Shares, and the minimum amount required is ₹126,000.

You can apply in Parin Furniture IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Parin Furniture IPO will be done on Thursday, October 4, 2018, and the allotted shares will be credited to your demat account by Friday, October 5, 2018. Check the Parin Furniture IPO allotment status.

The Parin Furniture IPO listing date is on October 9, 2018.
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Parin Furniture IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



21. jignesh.elect |   Link |  Bookmark |October 4, 2018 5:01:20 PM
allotment out. SBI unblock amount
20. sandippatil |   Link |  Bookmark |September 29, 2018 12:00:33 PM
i have seen parin furniture product in many outlets. the products are really good . also gone through their website . as per them you will find their chairs at every airport and thats true . they are the preferred partner for all airport development companys
20.1. Small Investor |   Link |  Bookmark |September 29, 2018 1:48:41 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
i apply in this ipo through Offline Mode but now i confused regarding low subscription,
can i withdrawal my money from my bank, then i cancel this application or Wait for allotment / listing ?
19. rajkot rajkot |   Link |  Bookmark |September 28, 2018 9:50:54 PM
Looks like the 1st day subscription was "arranged"
18. Iposuggestion |   Link |  Bookmark |September 28, 2018 9:50:06 AM
Taking a break from sme IPOs now. As the market is so much volatile at this time. Every company is risky
17. rajkot rajkot |   Link |  Bookmark |September 28, 2018 2:53:24 AM
In past, furniture companies like Milestone, Omfun, Avon, etc. are trading below issue price. So cant decide about this IPO.
16. rajkot rajkot |   Link |  Bookmark |September 27, 2018 9:44:30 PM
2nd day subscription was not good as compared to 1st day..
15. SME BADSHAH |   Link |  Bookmark |September 27, 2018 10:39:17 AM
Agreed to Rajkot views.Most of the furniture business in cash difficult for corporate accounting/governance.There was previously also one Modular furniture issue in SME .No return to shareholders.
14. rajkot rajkot |   Link |  Bookmark |September 27, 2018 1:48:17 AM
Excluding B2B business, the billing would be in cash.. so corporate governance standards are loose in such business.
13. rajkot rajkot |   Link |  Bookmark |September 27, 2018 12:50:34 AM
If NII is oversubscribed than allocation is on pro-rata basis or (like RII category) whole lot or nothing basis??
12. Aniketiaf |   Link |  Bookmark |September 26, 2018 10:34:07 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
A very good subscription figure is on the way...
11. DownriteVJ |   Link |  Bookmark |September 26, 2018 1:56:48 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
This one looks good and can be considered. Lets see how it goes.
10. Raymangia |   Link |  Bookmark |September 26, 2018 12:16:43 AM
Dilip davda ka report kagaya hy subscribe GMP 5k to 7k ,,????????,,&
9. Raymangia |   Link |  Bookmark |September 26, 2018 12:14:47 AM
Dilip davda ka report kagaya hy subscribe To 5k to 7k ,,????????,,&
8. Simi Sahni |   Link |  Bookmark |September 25, 2018 5:16:08 PM
What the latest discussion on this IPO friends?
7. Sureshh |   Link |  Bookmark |September 25, 2018 3:50:28 PM
1.      PE of 10-16 is quite ok. As per RHP, it's near lowest in industry.
2.      Profit has been constantly increasing in the past 4 years, NO SUDDEN SPIKE, which shows genuineness.
3.      Repayment of over 60% of Secured borrowings which will improvise the profit margins as earlier the Finance cost was 4-5% of Total Revenue.

1.      Revenue has been fluctuating in past 5 FYs, which is marginal as per industry cycle but is a matter of concern.
2.      Could face tight competition from low price, quality, self-assemble furniture offered by IKEA which has recently entered in India and that is a long term issue.

My Conclusion:
6. Sanjay parmar |   Link |  Bookmark |September 24, 2018 6:34:09 PM
This message has been removed by a moderator.
6.1. rajkot rajkot |   Link |  Bookmark |September 25, 2018 2:27:04 AM
and on what basis u say that?
6.2. Small Investor |   Link |  Bookmark |September 25, 2018 12:30:06 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Bhai sanjay ji ne kl hi account bnaya h is fourm pr
5. IPO Mentor |   Link |  Bookmark |September 19, 2018 11:20:55 AM
Management is good with clear vision. Reputed family.
Concern is of consumption story but might not affect much as expanded their business from B2C to B2B also. Attractive PE compare to competitors.
5.1. Simi Sahni |   Link |  Bookmark |September 25, 2018 11:42:23 AM
4. rajkot rajkot |   Link |  Bookmark |September 25, 2018 2:36:11 AM
If shares are alloted than while trading in secondary market... the market lot (ie 2000 shares) will be same? Or we can trade even in single share like mainstream index shares?
3. rajkot rajkot |   Link |  Bookmark |September 25, 2018 2:28:58 AM
why only 3 days for this ipo? sme ipos are for longer days... no?
2. Darsh ipo |   Link |  Bookmark |September 24, 2018 10:19:45 PM
First day retail more than 1 time than trapped investor ..