Parin Furniture Limited IPO

Add to Calendar 2018-09-26 12:00 AM 2018-09-28 12:00 AM Asia/Kolkata Parin Furniture Limited IPO Parin Furniture Limited India

Parin Furniture limited is an ISO 9001:2015 certified company engaged in the distribution of a wide range of furniture and lifestyle products. Besides this, the company also provides customised products based on the client’s preferences.

Date of Incorporation: The company was established as’Parin Furniture Private Limited’ on 12th September 2006. Subsequently, the company was converted to the public limited company ‘Parin Furniture Limited’ on 04th April 2018.

Promoters of Parin Furniture Limited: Mr Umesh Dhirajlal Nandani, Mr Deven Dipesh Nandani and Mr Parin Umeshbhai Nandani are the promoters of Parin Furniture Limited.

Products and Services Offering: The company offers broad categories of products that are divided into: 

   - Home Furniture & Decor

  • - Office Furniture

  • - Hospital Furniture

  • - Institutional Furniture

  • - Educational Furniture

Customer Segments: The company has an active presence in more than 15 states while having strong distribution network including over 900 dealers and marketeer across the nation. It implements several marketing models to target customers including B2B, Retail and E-Commerce among others.

Objects of Parin Furniture Limited IPO: The main objectives of Parin Furniture Limited IPO are:

  • - Repayment of secured borrowed loans.

  • - To meet Working Capital Needs.

  • - General Corporate Expenses.

  • - Issue Expenses.

Company Financial:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

4,663.61

4,334.86

3,963.39

1,948.67

1,673.60

Total Revenue

6,459.34

5,994.04

6,178.46

2,875.78

3,002.76

Profit After Tax

261.78

135.54

101.57

27.53

60.82

Issue Detail

  • Issue Open: Sep 26, 2018
  • Issue Close: Sep 28, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 60 - Rs 63 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 18.90 Cr.

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,420,000 1,420,000 - - 2,840,000
Day 1 - Sep 26, 2018IST - 1.12x 1.08x - - 1.10x
Day 2 - Sep 27, 2018IST - 1.19x 1.53x - - 1.46x
Day 3 - Sep 28, 2018IST - 2.08x 2.61x - - 2.45x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 63.00
Open - Rs 64.00
Low - Rs 63.00
High - Rs 66.00
Last Trade - Rs 64.90
Volume - 1,042,000

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