Shashwat Furnishing Solutions Limited IPO (Shashwat Furnishing Solutions IPO) Detail

Apr 20, 2022 - Apr 25, 2022

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.

Competitive Strengths:

  • Experienced Management Team.
  • Existing Supplier Relationship.
  • Scalable Business Model.
  • Quality Assurance and Standard.

Shashwat Furnishing Solutions IPO Details

IPO Date Apr 20, 2022 to Apr 25, 2022
Listing Date May 4, 2022
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Total Issue Size558,000 shares
(aggregating up to ₹2.51 Cr)
Fresh Issue558,000 shares
(aggregating up to ₹2.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Shashwat Furnishing Solutions IPO Reservation

Other Shares Offered264,000 (50.00%)
Retail Shares Offered264,000 (50.00%)
Market Maker portion30,000 shares
Total Shares Offered528,000

Shashwat Furnishing Solutions IPO Lot Size

The Shashwat Furnishing Solutions IPO lot size is 3000 shares.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000
Lot Size Calculator

Shashwat Furnishing Solutions IPO Promoter Holding

Mr. Hitesh Karnawat is the company promoter.

Pre Issue Share Holding 100%
Post Issue Share Holding 73.28%

Company Financials

Summary of financial Information (Restated Statements)
Particulars For the year/period ended (Rs in Lakhs)
Total Assets 234.44
Total Revenue 123.46
Profit After Tax 16.10

Objects of the Issue

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Working Capital Requirement.
  2. General Corporate Purpose.
  3. To Meet the Issue Expenses.

Shashwat Furnishing Solutions IPO Review (Avoid)

[Dilip Davda]  It’s surprising that this company has just 11 months’ financial data which is not matching the asking price. Small equity capital post IPO indicates longer gestation for migration to the main board. IPO is exorbitantly priced. Simply stay away from this pricy bet Read detail review...

Shashwat Furnishing Solutions IPO Subscription Status (Bidding Detail)

The Shashwat Furnishing Solutions IPO is subscribed 4.62 times on Apr 25, 2022 5:39:00 PM. The public issue subscribed 6.81 times in the retail category, times in the QIB category, and 2.43 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Shashwat Furnishing Solutions IPO Prospectus

Shashwat Furnishing Solutions IPO Rating

Rating:Rated 3.7 stars
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Shashwat Furnishing Solutions IPO Listing Details

Listing Date May 4, 2022
BSE Script Code 543519
NSE Symbol
Final Issue Price ₹45 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Phone: +91-9001269000
Email: cs@handicraftsvillage.com
Website: http://www.handicraftsvillage.com/

Shashwat Furnishing Solutions IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: shashwat.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Shashwat Furnishing Solutions IPO Analysis

Shashwat Furnishing Solutions IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 2

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Shashwat Furnishing Solutions IPO Lead Manager(s)

SME IPO Enquiry

Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form

Shashwat Furnishing Solutions IPO FAQs

Shashwat Furnishing Solutions IPO is a SME IPO of 558,000 equity shares of the face value of ₹10 aggregating up to ₹2.51 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Apr 20, 2022, and closes on Apr 25, 2022.

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

Zerodha customers can apply online in Shashwat Furnishing Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Shashwat Furnishing Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Shashwat Furnishing Solutions IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shashwat Furnishing Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shashwat Furnishing Solutions IPO opens on Apr 20, 2022 and closes on Apr 25, 2022.

Shashwat Furnishing Solutions IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Shashwat Furnishing Solutions 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 Shashwat Furnishing Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shashwat Furnishing Solutions IPO allotment status.

The Shashwat Furnishing Solutions IPO listing date is on May 4, 2022.
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Shashwat Furnishing Solutions IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



65. antarix |   Link |May 21, 2022 10:23:03 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Still below issue price.
64. 🎯 Big Bull 🎯 |   Link |May 17, 2022 11:31:39 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Any one Holding Crompton ??
63. 🎯 Big Bull 🎯 |   Link |May 14, 2022 7:22:08 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Experts Please share latest GMPs...

Thank u
63.1. antarix |   Link |May 15, 2022 4:08:35 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
GMP is double like your posts.
62. 🎯 Big Bull 🎯 |   Link |May 14, 2022 7:20:19 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Experts Please share latest GMPs...

Thank u
61. antarix |   Link |May 11, 2022 4:27:46 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Poor fellow has stuck with 45 only. As per its name.
60. 🎯 Big Bull 🎯 |   Link |May 9, 2022 8:20:43 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
IPO Subscription


Issue Closed

QIB : - 02.83 ×
HNI : - 02.91 ×
RETAIL : - 01.99 ×
Emp : - 04.40 ×
Policy Holder : - 06.11 ×
TOTAL : - 02.95 ×
APPLICATION : - 7337575
59. Amit Jaipur |   Link |May 4, 2022 9:34:56 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Listing price seems to be at Par
59.2. Amit Jaipur |   Link |May 4, 2022 9:49:18 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Yes sir exited ap par both the lots in matching
59.3. MehulStk |   Link |May 4, 2022 10:00:04 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Same here, sold my 1 lot at par, Now will wait for fon4 listing, hope it will list with some premium :)
58. c.dinesh |   Link |May 4, 2022 9:56:03 AM (200+ Posts)
As usual some big hni had put sell order @45 in preopen, which resulted in flat listing. Exited my 2 lots @ 45.
57. Amit Jaipur |   Link |May 4, 2022 9:11:41 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
All the best for todays listing to all allottees
56. SHAREKHAN BROKER |   Link |May 4, 2022 12:23:06 AM
May list around 55
55. KING VINOD |   Link |May 3, 2022 8:45:08 PM
IPO Guru IPO Guru (2000+ Posts, 3700+ Likes)
Is any surprise listing possible in Shashwat tomorrow????
54. Amit Jaipur |   Link |May 2, 2022 11:00:35 AM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
Any body listing price idea.
54.1. c.dinesh |   Link |May 2, 2022 7:52:10 PM (200+ Posts)
considering the no of lots available, my guess is it might list between 50 -55 . lets hope for the best.
54.2. shah jay |   Link |May 3, 2022 1:43:16 AM
list may be around 60 rs
53. IPO Gyaaan |   Link |May 2, 2022 3:18:38 PM (200+ Posts)
Trading Members of the Exchange are hereby informed that effective from Wednesday, May 04, 2022, the Equity Shares of Shashwat Furnishing Solutions Limited shall be listed and admitted to dealings on the Exchange in the list of 'MT' Group of Securities. Further in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days

Symbol: SFSL
52. c.dinesh |   Link |Apr 30, 2022 9:34:33 AM (200+ Posts)
Listing date was given as 4-May in Allotment mail.
Date of Unblock - 28/04/2022
Expected Date of Listing - 04-05-2022.
51. A K SHARMA |   Link |Apr 29, 2022 9:41:22 PM
you can check your alotment now.
50. A K SHARMA |   Link |Apr 29, 2022 9:39:40 PM
Allotment Date      29 April 2022
Initiation of refunds      2 May 2022
Transfer of shares to Demat accounts      4 May 2022
Listing Date      5 May 2022
49. A K SHARMA |   Link |Apr 29, 2022 9:37:19 PM
shaswat- credit in demate 4 may and listing date 5 may.
48. A K SHARMA |   Link |Apr 29, 2022 9:34:00 PM
listed on 5 may
47. Bhav |   Link |Apr 29, 2022 9:24:49 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Expected listing on 4th as per kfintech mail
46. IPO Power |   Link |Apr 29, 2022 6:15:51 PM
Shares credited in demat. Looks it will list on Monday 2nd May.