HomeIPO SMEShashwat Furnishing Solutions IPO Details

Shashwat Furnishing Solutions IPO Details

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Shashwat Furnishing Solutions IPO subscription is to open on 20th April and will close on 25 April 2022, Check the Shashwat Furnishing Solutions Subscription Status & Allotment Status.

Shashwat Furnishing Solutions IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Shashwat Furnishing Solutions

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Shashwat Furnishing Solutions is engaged in processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. The 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.

Shashwat Furnishing Solutions are instrumental in presenting a wide assortment of exclusively designed products, such as Restaurant Furniture, Cafe Furniture, and Metal Furniture. The 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

Important Details – Shashwat Furnishing Solutions

DateDetails
March 08, 2021The company was originally incorporated as “Shashwat Furnishing Solutions Private Limited”
June 01, 2021 The company has acquired the entire running business with the assets and liabilities of M/s Handicrafts Village, sole proprietorship concern of the Promoter Mr. Hitesh Karnawat vide Business Transfer Agreement
August 12, 2021Further, the company was converted into Public Limited Company and consequently name of company was changed from “Shashwat Furnishing Solutions Private Limited” to “Shashwat Furnishing Solutions Limited”

Objects of the Issue

  • Working Capital Requirement
  • General Corporate Purpose
  • To Meet the Issue Expenses

Shashwat Furnishing Solutions Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakhs)
  28-Feb-22
Total Assets 234.44
Total income 123.46
Total Expenses 101.96
Profit After Tax 16.10

Shashwat Furnishing Solutions IPO Price – Details

DetailsSFSL IPO Details
Public IssueInitial Public Issue of upto 5,58,000 Equity Shares of ₹ 10 (aggregating up to ₹ 251 lakhs)
Issue Open  Date20-Apr-22
Issue Close Date25-Apr-22
Issue TypeFixed Price
IPO Price Band₹ 45
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolSFSL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Shashwat Furnishing Solutions IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,35,000
Maximum13000₹ 1,35,000

Shashwat Furnishing Solutions IPO Lead Managers

  • Beeline Broking Ltd

Shashwat Furnishing Solutions IPO Registrar

Shashwat Furnishing Solutions IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on20-Apr-22
Bid / Offer Closes on25-Apr-22
Finalisation of Basis of Allotment
Initiation of refunds 
Credit of the Equity Shares
Listing Date

Company Peers – Comparison of Accounting Ratios

The company does not have any listed peers which are comparable in terms of business.

Company Registered Office

121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001,
Rajasthan, India.
Website: www.handicraftsvillage.com

Company Promoters

  • Mr. Hitesh Karnawat

Shashwat Furnishing Solutions IPO – FAQS

What is the Shashwat Furnishing IPO Price?

The Shashwat Furnishing IPO price band is 45 per share

When Shashwat Furnishing IPO will open?

The Shashwat Furnishing IPO opens on Apr 20, 2022 and closes on Apr 25, 2022

What is the lot size of Shashwat Furnishing IPO?

The Shashwat Furnishing IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Shashwat Furnishing Solutions IPO?

The Registrar for Shashwat Furnishing Solutions IPO is KFin Technologies Private Limited

How to apply in Shashwat Furnishing Solutions IPO through UPI?

Check the step by step process here – Click here

How to apply in Shashwat Furnishing Solutions IPO through Zerodha?

Check the step by step process here – Click here

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