Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
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.
Shashwat Furnishing Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 30,000 | — | ₹0.14 Cr | — |
| TOTAL | 558,000 | 100.00% | ₹2.51 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| Particulars | 28-Feb-22 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 123.46 | N/A | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 16.10 | N/A | N/A |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 234.44 | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |