SME IPO: Shashwat Furnishing Solutions Limited IPO
Grey Market Trend News :
On 27 April 2022
Subject to Rates# : nil
GMP Rates : – nil
Past Trend details at the bottom
Subscription Trend on 25 April 2022 @ 5.00 pm
NII (50%) 264,000 Sh : 2.43 T
RII (50%) 264,000 Sh : 6.81 T
Tot 528,000 Shares : 4.62 T
IPO Opens on 20 April 2022
IPO Closes on 25 April 2022
Allotment tentatively on 28/29 April 2022
Listing tentatively on : 3 May 2022
Listing on BSE SME
Total Issue Size : 35,00,000 Shares
Net IPO size Rs. 2.376 Crore/5,28,000 Shares
Retail Quota : 50 % ( net 264,000 Shares)
Price Band ( FV Rs. 10) of Rs. 45
Min Order Quantity : 3000 Shares
Retail Min Application : 3000 Shares/ Rs. 135,000
Retail : 88 Applications required for one time subscriptions.
The company is engaged in processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts objects. It is instrumental in presenting a wide assortment of exclusively designed products, such as
Restaurant Furniture, Cafe Furniture, and Metal Furniture.
Its expert professionals are devoted to developing an exclusive product range capable to gain a nationwide appreciation for its remarkable finish, unique designs, trendy colour combinations, flawless detailing, unbreakable quality and higher durability. For more information about the company.. Click http://www.handicraftsvillage.com/
Mr. Hitesh Karnawat
Objects of the Issue:
Working Capital Requirement.
Registered office :
121, Mahaveer Nagar,
Company Secretary and Compliance Officer: Mrs. Ratika Khandelwal
Beeline Broking Ltd
Observations & Guidance by Paresh Gordhandas ( Research Analyst) :
SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20,Rs NA
Earnings per Share 2020-21 Rs N.a.
Return on Net Worth: 19-20 N.A. %
Return on Net Worth: 20-21: N.A. %
Book Value of the Share as on 28.02.22 Rs 11.61
Book Value of the Share after the IPO Rs 11.74
IPO Peer Comparison:
Currently the company is mainly engaged in business of processing and finishing of semi-finished and manufacturing through job work of furniture & handicrafts items and there is no listed peer group company which are strictly comparable to it with respect to the industry and business segment in which it operates and the size of the company.
Observation by Paresh Gordhandas ( Research Analyst )
The company has not completed one full year of operations. So on the basis of performance for the smaller duration, it is not possible to give any comment on the growth potential. However compared to book value of Rs. 11.61 as on 28.2.2022, the Issue price of Rs. 45 seems to be on higher side.
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