About the Company:
Shashwat Furnishing Solutions Ltd is engaged in processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items.
Company specialize 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.
Company is instrumental in presenting a wide assortment of exclusively designed products, such as Restaurant Furniture, Cafe Furniture, and Metal Furniture.
Company’s proficiency lies in understanding the specific requirement of the customers and based on which we place the order of our products to manufacturer having requisite manufacturing facilities.
Company source the products from reliable manufacturers of the market. Company purchase the order in semi-finished condition and then process the same by finishing, assembling and repairing turning them into finished products.
Company purchase raw material and manufacture through job work from third party. company make further sales to wholesalers, retailers and customers through online platforms such as Indiamart, Trade India, Exporter India etc.
Management Team:
- Mr. Hitesh Karnawat (Designation: Chairman and Managing Director)
- Mr. Lalit Ghewarchand Karnawat (Designation: Whole-Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.2.51 cr)
- Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Peer Group Comparison:
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 Shashwat Furnishing Solutions Ltd with respect to the industry and business segment and the size of the company.
Financials of the Company:
| (in Crores) | Upto 28th Feb 2022 |
|---|---|
| Revenue | 1.23 |
| Net Profit | 0.16 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 20th April 2022 |
| Issue Closes on:. | 25th April 2022 |
| Issue Price | Rs.45 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,35,000 |
| Issue Constitutes | 26.72% |
| Issue Size | Rs.2.51 cr |
| Market Cap | Rs.9.39 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 5,58,000 |
| Equity Shares Prior to the Issue | 15,30,000 |
| Equity Shares after the Issue | 20,88,000 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
| Company Contact Info: |
|---|
| Shashwat Furnishing Solutions Limited 121, Mahaveer Nagar, Jain Colony, Jodhpur – 342001, Rajasthan, India. Tel. No.: +91-9001269000 E-mail: info@handicraftsvillage.com Website: www.handicraftsvillage.com |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana-500032 India. Tel. No.: +91-40-6716-2222 Email: shashwat.ipo@kfintech.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| BEELINE BROKING LIMITED MB Division: 807, Phoenix Tower, Opp. New Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009 Telephone Number: +91 79 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinebroking.com Website: www.beelinebroking.com |
