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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.

Company Financials:

Summary of financial Information (Restated Statements)
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

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 Details

Shashwat Furnishing Solutions IPO Date Apr 20, 2022 to Apr 25, 2022
Shashwat Furnishing Solutions IPO Face Value ₹10 per share
Shashwat Furnishing Solutions IPO Price ₹45 per share
Shashwat Furnishing Solutions IPO Lot Size 3000 Shares
Issue Size558,000 shares of ₹10
(aggregating up to ₹2.51 Cr)
Fresh Issue558,000 shares of ₹10
(aggregating up to ₹2.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Hitesh Karnawat is the company promoter.

Shashwat Furnishing Solutions IPO Lot Size

The Shashwat Furnishing Solutions IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

Shashwat Furnishing Solutions IPO Promoter Holding

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

Shashwat Furnishing Solutions IPO Review

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...

New Shashwat Furnishing Solutions IPO Recommendation by Members

Shashwat Furnishing Solutions IPO Recommendations Details | Post Recommendation | Manage Recommendations

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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)
NII2.43
Retail6.81
Total4.62

Shashwat Furnishing Solutions IPO Prospectus

Shashwat Furnishing Solutions IPO Rating

104
3.7
Rating:Rated 3.7 stars
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Shashwat Furnishing Solutions IPO Listing Date

Listing Date Wednesday, May 4, 2022
BSE Script Code 543519
NSE Symbol
Listing In MT Group of Securities
ISIN INE0JMN01019
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹45.00
₹45.00
₹47.00
₹45.30

Company Contact Information

Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001
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 Reviews / Ratings

Shashwat Furnishing Solutions IPO Lead Manager(s)

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, Edelweiss, 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 Wednesday, May 4, 2022.
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Shashwat Furnishing Solutions IPO Message Board

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