Parin Furniture IPO is all set to make its debut on 28th Sept 18 with 18.9 Cr is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products.
Parin Furniture IPO – overview
| IPO Dates | 26-28 sept 18 |
| IPO Price | INR 63 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,000,000 shares (INR 18.9 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Parin Furniture IPO – Tentative Dates
| IPO Offer Opening Date | 26 Sept 2018 |
| IPO Closing Date | 28 Sept 2018 |
| Finalization of Basis of Allotment | 4 Oct 2018 |
| Initiation of refunds | 5 Oct 2018 |
| Transfer of shares to demat accounts | 5 Oct 2018 |
| IPO Listing Date | 9 Oct 2018 |
Company Overview
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 are 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.
Objects of the Issue
- Repayment of certain Secured Borrowing availed by our Company- Rs 900 lakhs.
- Fund the Working Capital Requirements of the Company- Rs 620 lakhs.
- General Corporate Purposes.
- Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 4,663.61 | 4,334.86 | 3,963.39 |
| Total Revenue | 6,459.34 | 5,994.04 | 6,178.46 |
| Profit After Tax | 261.78 | 135.54 | 101.57 |
Company Contact Information
Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149,
National Highway,at Vavdi, Gondal Road,
Rajkot, Gujarat – 360 004
Phone: +91-281-3300777
Email: cs@parinfurniture.com
Website: http://www.parinfurniture.com/
Parin Furniture IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Parin Furniture IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
