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 Promoters:
Mr. Hitesh Karnawat is the company promoter.
Company Financials:
| 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:
- Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Shashwat Furnishing Solutions IPO Details
| IPO Opening Date | Apr 20, 2022 |
| IPO Closing Date | Apr 25, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 558,000 Eq Shares of ₹10 (aggregating up to ₹2.51 Cr) |
| Fresh Issue | 558,000 Eq Shares of ₹10 (aggregating up to ₹2.51 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Shashwat Furnishing Solutions IPO Lot Size
The Shashwat Furnishing Solutions IPO market 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 (Cut-off) |
|---|---|---|---|
| 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…
Shashwat Furnishing Solutions IPO Subscription Status (Bidding Detail)
The Shashwat Furnishing Solutions IPO is subscribed 1.64 times on Apr 22, 2022 4:47:00 PM. The public issue subscribed 2.52 times in the retail category, times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.75 |
| Retail | 2.52 |
| Total | 1.64 |
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/