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)


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






Total Revenue






Profit After Tax






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

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

Parin Furniture Limited Red Herring Prospectus

Parin Furniture Limited User Rating


Parin Furniture Limited Life IPO Reviews

Parin Furniture Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us