Issue Price
₹63
Per Share
GMP
NIL
Grey Market
Est. Listing
₹63
Expected Price
Min. Application
₹252,000
2 lots × 2000 shares
Incorporated in 2006, Gujarat based Parin Furniture Limited is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products. The product portfolio of the company includes a variety of furniture for homes, offices, hospitals and other institutions.The company's business network is spread in 18 States with COCO Flagship Retail Stores in Ahmedabad, Rajkot, and Mumbai. Around 900 dealers associated with it. It has 4 warehouses in Rajkot, Surat, Mumbai, and Kolkata.Parin Furniture has also entered into franchise agreements with other companies in Junagadh, Mehsana, and Hyderabad.Its Subsidiary Company 'Pearl Furniture Private Limited' has a well-established manufacturing unit located at Rajkot. The facility is equipped with high tech equipment and design facility to manufacture various all types of furniture.The company has 137 employees on its payroll.
Parin Furniture Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 160,000 | — | ₹1.01 Cr | — |
| TOTAL | 3,000,000 | 100.00% | ₹18.90 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹126,000 |
| Retail (Max) | 13 | 26,000 | ₹1,638,000 |
| sNII (Min) | 14 | 28,000 | ₹1,764,000 |
| bNII (Min) | 68 | 136,000 | ₹8,568,000 |
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue from Operations | 6459.34 | 5994.04 | 6178.46 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 261.78 | 135.54 | 101.57 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 4663.61 | 4334.86 | 3963.39 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |