Submit

Parin Furniture Limited IPO

Parin Furniture Limited

Issue Open

Sep 26, 2018

Price Band

₹ 60 - ₹ 63

Issue Size

₹ 18.90 Cr.

Credit of Shares to Demat

-

Issue Close

Sep 28, 2018

Bid Lot

2000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 09, 2018

Refunds

-

About the company:

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

FAQ’s

Can I trade an IPO through a Discount Broker?

What are the benefit of buying & selling IPOs through a discount broker?

How is it possible to trade an IPO through a discount broker when SEBI has made mandatory to buy an IPO through ASBA?

How can I buy and sell IPO through a discount broker?

What documents are required to open an account with Samco?