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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.
| 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 Size | 3,000,000 shares (aggregating up to ₹18.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 160,000 shares |
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 Offered | 160,000 (5.33%) |
| NII (HNI) Shares Offered | 1,420,000 (47.33%) |
| Retail Shares Offered | 1,420,000 (47.33%) |
| Total Shares Offered | 3,000,000 (100%) |
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 |
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 | |||
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.
| 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 | |
| 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 | |||||
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
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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)
| Category | Subscription (times) |
|---|---|
| NII | 2.08 |
| Retail | 2.62 |
| Total | 2.45 |
| Listing Date | October 9, 2018 |
| BSE Script Code | |
| NSE Symbol | PARIN |
| ISIN | INE00U801010 |
| Final Issue Price | ₹63 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹63.00 |
| ₹64.00 |
| ₹63.00 |
| ₹66.00 |
| ₹64.90 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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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.
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