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Open
26 Sep 2018
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Close
28 Sep 2018
3
Allotment
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Listing
Tue, Oct 9, 2018
Price Band
₹60 to ₹63
Issue Size
30,00,000 shares (agg. up to ₹19 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Oct 9, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.11x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 46.64 | 43.45 | 39.63 |
| Total Income | 64.59 | 59.94 | 61.78 |
| Profit After Tax | 2.62 | 1.36 | 1.02 |
| EBITDA | 7.20 | 5.85 | 4.92 |
| NET Worth | 15.47 | 5.65 | 4.29 |
| Reserves and Surplus | 7.54 | 5.35 | 3.99 |
| Total Borrowing | 23.26 | 29.25 | 25.42 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ahlada Engineers Ltd. | SME | ₹51.08 Cr | ₹150 | null | ₹136.00 | -9.33% | ₹38.53 (-0.16%) |
| Priti International Ltd. | SME | ₹5.26 Cr | ₹75 | null | ₹81.25 | +8.33% | ₹39.01 (-1.39%) |
| Milestone Furniture Ltd. | SME | ₹14.84 Cr | ₹45 | null | ₹44.45 | -1.22% | ₹28.38 (+4.30%) |
| Garv Industries Ltd. | SME | ₹3.20 Cr | ₹10 | null | ₹10.00 | +0.00% | ₹15.15 (-2.57%) |
| Marvel Decor Ltd. | SME | ₹26.29 Cr | ₹57 | null | ₹57.85 | +1.49% | ₹70.10 (-0.99%) |
| Omfurn India Ltd. | SME | ₹4.17 Cr | ₹23 | null | ₹22.85 | -0.65% | ₹56.00 (+2.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Certain Secured Borrowing availed by the Company | 9.00 |
| 2 | Funding the Working Capital Requirements of the Company | 6.20 |
| 3 | General Corporate Purposes | 3.10 |
About Parin Furniture IPO
Incorporated in 2006, Gujarat based Parin Furniture Limited is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products. The product portfolio of the company includes a variety of furniture for homes, offices, hospitals and other institutions. The company's business network is spread in 18 States with COCO Flagship Retail Stores in Ahmedabad, Rajkot, and Mumbai. Around 900 dealers associated with it. It has 4 warehouses in Rajkot, Surat, Mumbai, and Kolkata.Parin Furniture has also entered into franchise agreements with other companies in Junagadh, Mehsana, and Hyderabad.Its Subsidiary Company 'Pearl Furniture Private Limited' has a well-established manufacturing unit located at Rajkot. The facility is equipped with high tech equipment and design facility to manufacture various all types of furniture. The company has 137 employees on its payroll.+ Read More
Contact Details
Parin Furniture Ltd. AddressPlot No.6, Revenue Survey No.149National Highway, at Vavdi, Gondal RoadRajkot, Gujarat, 360004+91-281-3300777cs@parinfurniture.comVisit Website