Parin Furniture IPO

Parin Furniture IPOParin Furniture IPO overview - Parin Furniture provides a wide range of furniture and lifestyle products including home furniture, office furniture, hospital furniture, institutional furniture and education furniture. Its subsidiary Pearl Furniture Private Limited has well established manufacturing unit located at Survey No. 26, Shapar Main Road, Village, Shapar, Taluka – Kotada Sangani, Dist – Rajkot-360024, having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. The factory is equipped with all facilities to execute all types of manufacturing activities such as panel cutting, edge bidding, post forming, painting line, fabrication, moulding, cutting and polishing & packaging, etc.

The company’s business network is spread in 18 States. It has COCO Flagship Retail Stores and around 900 dealers associated with itself.

Promoters of Parin Furniture – Mr Umesh Dhirajlal Nandani, Mr Deven Dipesh Nandani and Mr Parin Umeshbhai Nandani
Parin Furniture IPO details
Subscription Dates 26 - 28 September 2018
IPO Price band INR60 - 63 per share
Fresh issue 3,000,000 shares (INR18 - 18.90 crore)
Offer for sale Nil
Total IPO size 3,000,000 shares (INR18 - 18.90 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE Emerge SME platform
Use of funds
  • Repayment of Certain Secured Borrowing - INR9 crore
  • Working Capital Requirements - INR6.20 crore
  • General Corporate Purpose
  • Issue Expenses
Parin Furniture's  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 30.0 28.8 61.8 59.9 64.6
Total expenses 27.6 26.2 56.9 54.1 57.4
Profit after tax 0.61 0.28 1.02 1.36 2.62
Parin Furniture's Contact Details

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: www.parinfurniture.com

Parin Furniture IPO Subscription Details
Day Subscription (no. of times)
Day 1 1.04
Day 2 1.38
Day 3 2.31

 

Parin Furniture Valuation (For FY2018)

Earnings Per Share (EPS): INR6.33

Price/Earnings (P/E) ratio: 9.48 - 9.95

Return on Net Worth (RONW): 25.02%

Net Asset Value (NAV): INR20.52 per share

Registrar of Parin Furniture IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 cgl.ipo@karvy.com
Website: www.karvycomputershare.com

Parin Furniture IPO Allotment Status

Parin Furniture IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Parin Furniture

IPO Opening Date: 26 September 2018

IPO Closing Date: 28 September 2018

Finalisation of Basis of Allotment: 4 October 2018

Initiation of refunds: 5 October 2018

Transfer of shares to demat accounts: 5 October 2018

Listing Date: 9 October 2018

Listing Price on NSE SME: INR64 per share (up 1.59% from IPO price)

Closing Price on NSE SME: INR64.9 per share (up 3.02% from IPO price)

Parin Furniture IPO
3.3 (66.67%) 6 votes

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