Parin Furniture Limited IPO (Parin Furniture IPO) Detail

Sep 26, 2018 - Sep 28, 2018

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 Promoters:

The promoters of the company are Mr. Umesh Dhirajlal Nandani, Mr. Deven Dipesh Nandani and Mr. Parin Umeshbhai Nandani. Mr. Umesh Dhirajlal Nandani holds 9,13,120 Equity Shares, Mr. Deven Dipesh Nandani holds 26,87,200 Equity Shares and Mr. Parin Umeshbhai Nandani holds 13,42,280 Equity Shares of the Company. They will continue to hold the majority of our post-issue paid-up equity share capital of the Company.

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)
31-Mar-18
Total Assets 5,744.18
Total Revenue 6,532.36
Profit After Tax 416.62

Objects of the Issue:

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 Details

IPO Opening DateSep 26, 2018
IPO Closing DateSep 28, 2018
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹60 to ₹63 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size3,000,000 Eq Shares of ₹10
(aggregating up to ₹18.90 Cr)

Parin Furniture IPO Tentative Timetable

The Parin Furniture IPO open date is Sep 26, 2018, and the close date is Sep 28, 2018. The issue may list on Oct 9, 2018.

IPO Open DateSep 26, 2018
IPO Close DateSep 28, 2018
Basis of Allotment DateOct 4, 2018
Initiation of RefundsOct 5, 2018
Credit of Shares to Demat AccountOct 5, 2018
IPO Listing DateOct 9, 2018

Parin Furniture IPO Lot Size

The Parin Furniture IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹126,000
Maximum12000₹126,000

Parin Furniture IPO Subscription Status (Bidding Detail)

The Parin Furniture IPO is subscribed 2.45x times on Sep 28, 2018 18:00. The public issue subscribed 2.62x in the retail category, in the QIB category, and 2.08x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

2.08x

RII

2.62x

Total

2.45x

Parin Furniture IPO Prospectus

Parin Furniture IPO Rating

56
2.5
Rating:Rated 2.5 stars

Vote Here ...

Parin Furniture IPO Listing Date

Listing DateTuesday, October 9, 2018
BSE Script Code
NSE SymbolPARIN
Listing In
ISININE00U801010
IPO Price₹63 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹63.00
Open:₹64.00
Low:₹63.00
High:₹66.00
Last Trade:₹64.90
Volume:1,042,000

Parin Furniture IPO Reviews / Ratings

Company Contact Information

Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149,
National Highway,at Vavdi, Gondal Road,
Rajkot, Gujarat - 360 004

Phone: +91-281-3300777
Email: cs@parinfurniture.com
Website: http://www.parinfurniture.com/

Parin Furniture IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Parin Furniture IPO FAQs

  1. What is Parin Furniture IPO?

    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 equity share. The minimum order quantity is 2000 Shares.

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

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

  2. When Parin Furniture IPO will open?

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

  3. What is the lot size of Parin Furniture IPO?

    Parin Furniture IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

  4. How to apply for Parin Furniture IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Parin Furniture IPO allotment?

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

  6. When is Parin Furniture IPO listing date?

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

Parin Furniture IPO Message Board

Ranked Members  Ranked Members

Loading...
21. jignesh.elect |Oct 4, 2018 17:01
allotment out. SBI unblock amount
20. sandippatil |Sep 29, 2018 12:00
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 |Sep 29, 2018 13:48
IPO Guru IPO Guru (1400+ Posts, 700+ 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 |Sep 28, 2018 21:50
Looks like the 1st day subscription was "arranged"
18. Iposuggestion |Sep 28, 2018 09:50
Taking a break from sme IPOs now. As the market is so much volatile at this time. Every company is risky
17. rajkot rajkot |Sep 28, 2018 02:53
In past, furniture companies like Milestone, Omfun, Avon, etc. are trading below issue price. So cant decide about this IPO.
16. rajkot rajkot |Sep 27, 2018 21:44
2nd day subscription was not good as compared to 1st day..
15. SME BADSHAH |Sep 27, 2018 10:39
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 |Sep 27, 2018 01:48
Excluding B2B business, the billing would be in cash.. so corporate governance standards are loose in such business.
13. rajkot rajkot |Sep 27, 2018 00:50
If NII is oversubscribed than allocation is on pro-rata basis or (like RII category) whole lot or nothing basis??
12. Aniketiaf |Sep 26, 2018 22:34
IPO Guru IPO Guru (1400+ Posts, 8500+ Likes)
A very good subscription figure is on the way...
11. DownriteVJ |Sep 26, 2018 13:56
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
This one looks good and can be considered. Lets see how it goes.
10. Raymangia |Sep 26, 2018 00:16
Dilip davda ka report kagaya hy subscribe GMP 5k to 7k ,,????????,,&
9. Raymangia |Sep 26, 2018 00:14
Dilip davda ka report kagaya hy subscribe To 5k to 7k ,,????????,,&
8. Simi Sahni |Sep 25, 2018 17:16
What the latest discussion on this IPO friends?
7. Sureshh |Sep 25, 2018 15:50
Pros:
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.

Con:
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:
SUBSCRIBE
6. Sanjay parmar |Sep 24, 2018 18:34
This message has been removed by a moderator.
6.1. rajkot rajkot |Sep 25, 2018 02:27
and on what basis u say that?
6.2. Small Investor |Sep 25, 2018 12:30
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Bhai sanjay ji ne kl hi account bnaya h is fourm pr
5. IPO Mentor |Sep 19, 2018 11:20
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 |Sep 25, 2018 11:42
Yes
4. rajkot rajkot |Sep 25, 2018 02:36
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 |Sep 25, 2018 02:28
why only 3 days for this ipo? sme ipos are for longer days... no?
2. Darsh ipo |Sep 24, 2018 22:19
First day retail more than 1 time than trapped investor ..







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