Shashwat Furnishing Solutions IPO Price, Date, Lot Size, GMP

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Shashwat Furnishing Solutions IPO

When is Shashwat Furnishing Solutions IPO Launching?

Shashwat Furnishing Solutions IPO subscription is to open on 20th April and will close on 25 April 2022.

Shashwat Furnishing Solutions IPO Tentative Timetable

 IPO Open Date:  20 April 2022
 IPO Close Date:  25 April 2022
 Basis of Allotment:  29 April 2022
 Refunds:  02 May 2022
 Credit to Demat Account:  04 May 2022
 IPO Listing Date:  05 May 2022

 

Shashwat Furnishing Solutions IPO Lot Size

The Shashwat Furnishing Solutions IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹135,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

 

Shashwat Furnishing Solutions IPO Share Price

This Initial Public Issue of 5,60,000 Equity Shares of Rs.10 each for cash at a price of Rs.45 per equity share aggregating to Rs.251 Lakh.

Shashwat Furnishing Solutions Promoter Holding

Mr. Hitesh Karnawat is the company’s promoter.

Pre Issue Share Holding 100%
Post Issue Share Holding 73.28%

 

Shashwat Furnishing Solutions Board of Directors

Name Designation
Adesh Bhansali Ind. Non-Executive Director
Hitesh Karnawat Chairman & Managing Director
Lalit Ghewarchand Karnawat Whole Time Director
Mayuri Karnawat Chief Financial Officer
Mayuri Karnawat Whole Time Director
Neelabh Gotecha Ind. Non-Executive Director
Praveen Kumar Bokariya Ind. Non-Executive Director
Ratika Khandelwal Co. Secretary & Compl. Officer

 

Shashwat Furnishing Solutions Company Financials

Summary of financial Information (Restated Statements)
Particulars For the year/period ended (Rs in Lakhs)
28-Feb-22
Total Assets 234.44
Total Revenue 123.46
Profit After Tax 16.10

 

About Shashwat Furnishing Solutions

Shashwat Furnishing Solutions Limited is a manufacturer and supplier of furniture and handicraft things. The organization represents considerable authority in creating Industrial Furniture, Restaurant and Cafe Furniture, Garden and Outdoor Furniture, Vintage Furniture, Mirror Frames, Wall clocks, and different other design and handicrafts objects. The organization participates occupied with buying, gathering, getting done, and fixing semi-furnished furniture to changing over them into finished goods. Shashwat Furnishing Solutions offers its furniture to wholesalers, retailers, and clients through online platforms, for example, Indiamart, Trade India, Exporter India, etc.

Shashwat Furnishing Solutions Limited gained a sole proprietorship business M/s Handicrafts Village in 2021. The organization’s enlisted office, stockroom, and processing unit are situated in Jodhpur, Rajasthan.

Company Contact Information

Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001
Phone: +91-9001269000
Email: cs@handicraftsvillage.com
Website: http://www.handicraftsvillage.com/

Shashwat Furnishing Solutions IPO GMP

Not available

How to apply for Shashwat Furnishing Solutions IPO?

You can apply for Shashwat Furnishing IPO through ASBA online by means of your bank account. You can likewise apply for ASBA online by means of UPI through your stock brokers. You can likewise apply through your stock brokers by filling up the offline form.

Final Review

It’s amazing that this organization has only 11 months’ financial data which isn’t matching the asking cost. Little value capital post IPO shows longer development for movement to the mainboard. The initial public offering is extravagantly evaluated. Essentially avoid this pricy bet.

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