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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:
| 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 Size | 558,000 shares (aggregating up to ₹2.51 Cr) |
| Fresh Issue | 558,000 shares (aggregating up to ₹2.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 264,000 (50.00%) |
| Retail Shares Offered | 264,000 (50.00%) |
| Market Maker portion | 30,000 shares |
| Total Shares Offered | 528,000 |
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 | |||
Mr. Hitesh Karnawat is the company promoter.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.28% |
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 28-Feb-22 | |||||
| Total Assets | 234.44 | ||||
| Total Revenue | 123.46 | ||||
| Profit After Tax | 16.10 | ||||
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.43 |
| Retail | 6.81 |
| Total | 4.62 |
| Listing Date | May 4, 2022 |
| BSE Script Code | 543519 |
| NSE Symbol | |
| ISIN | INE0JMN01019 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹45.00 |
| ₹45.00 |
| ₹47.00 |
| ₹45.30 |
Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001
Phone: +91-9001269000
Email: cs@handicraftsvillage.com
Website: http://www.handicraftsvillage.com/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: shashwat.ipo@kfintech.com
Website: https://karisma.kfintech.com/
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 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
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.
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