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.
Company Promoters
Mr. Hitesh Karnawat is the company promoter.
Company Financials
| 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 |
Objects Of The Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Shashwat Furnishing Solutions IPO Details
| IPO Opening Date | Apr 20, 2022 |
| IPO Closing Date | Apr 25, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 558,000 Eq Shares of ₹10 (aggregating up to ₹2.51 Cr) |
| Fresh Issue | 558,000 Eq Shares of ₹10 (aggregating up to ₹2.51 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Shashwat Furnishing Solutions IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135,000 |
| Maximum | 1 | 3000 | ₹135,000 |
Shashwat Furnishing Solutions IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.28% |
Shashwat Furnishing Solutions IPO Prospectus
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 Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: shashwat.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Shashwat Furnishing Solutions IPO FAQs
| When Shashwat Furnishing Solutions IPO will open? The Shashwat Furnishing Solutions IPO dates are 20 April 2022 To 25 April 2022 |
| What is the lot size of Shashwat Furnishing Solutions IPO ? Shashwat Furnishing Solutions IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Shashwat Furnishing Solutions IPO ? You can apply in Shashwat Furnishing Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Shashwat Furnishing Solutions IPO listing date? The Shashwat Furnishing Solutions IPO listing date is announced. The date of Shashwat Furnishing Solutions IPO listing is []. |
