Shashwat Furnishing IPO GMP, Review, Price, Allotment

Shashwat Furnishing IPO description – The company is engaged in processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts objects. The company has a wide assortment of exclusively designed products, such as Restaurant Furniture, Cafe Furniture, and Metal Furniture.

Shashwat Furnishing’s competency lies in understanding the specific requirement of its customers and based on which it places the order of products to manufacturer having requisite manufacturing facilities. It sources products from reliable manufacturers of the market. The company purchases the order in semi-finished condition and then processes the same by finishing, assembling and repairing turning them into finished products. The company makes further sales to wholesalers, retailers and customers through online platforms such as Indiamart, Trade India, Exporter India etc.

The company operates from its registered office situated at 121, Mahaveer Nagar, Jain Colony, Jodhpur- 342001, Rajasthan, India, along with warehouse at Plot No 18-19, Moti Nagar, Sangariya, Khasra Number 184, Jodhpur – 342013, Rajasthan, India and processing unit at H-258, Boranada industrial park, Boranada, Jodhpur- 342012, Rajasthan, India.

Promoters of Shashwat Furnishing – Mr Hitesh Karnawat

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Shashwat Furnishing IPO Details

Subscription Dates	20 – 25 April 2022
Price Band	INR45 per share
Fresh issue	5,58,000 shares (INR2.51 crore)
Offer For Sale	Nil
Total IPO size	5,58,000 shares (INR2.51 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	BSE SME

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Shashwat Furnishing’s Financial Performance

	Period ended 28 Feb 2022
Revenue	123.46
Expenses	101.96
Net income	16.10

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Shashwat Furnishing Offer News

• Shashwat Furnishing RHP
• Shashwat Furnishing Draft Prospectus

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Shashwat Furnishing Offer Valuation (as of 28 Feb 2022)

Earnings Per Share (EPS): INR1.09
Pre-IPO Price/Earnings (PE ratio): 41.28
Return on Net Worth (RONW): 9.06%
Net Asset Value (NAV): INR11.61 per share

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Shashwat Furnishing IPO GMP Daily Trend

Date	Shashwat Furnishing IPO GMP	Kostak	Subject to Sauda

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Shashwat Furnishing IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	2,79,000	2,79,000	5,58,000
Day 1	0.00	0.46	0.23
Day 2	0.21	1.62	0.92
Day 3	0.71	2.40	1.55
Day 4	2.30	6.44	4.37

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Shashwat Furnishing Offer Registrar

Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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Shashwat Furnishing Contact Details

Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Jodhpur-342001, Rajasthan
Phone: +91 9001269000
Email: [email protected]
Website: www.handicraftsvillage.com

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Shashwat Furnishing IPO Allotment Status

Shashwat Furnishing IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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Shashwat Furnishing IPO Timetable

IPO Opening Date	20 April 2022
IPO Closing Date	25 April 2022
Finalisation of Basis of Allotment	2 May 2022
Listing Date	Coming soon
Opening Price on BSE	Coming soon
Closing Price on BSE	Coming soon

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Shashwat Furnishing IPO FAQs