Parin Furniture Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 284,000 (9%) | — | ₹18 Cr |
| NII (HNI) | — | 1,562,000 (52%) | — | ₹984 Cr |
| Retail | — | 994,000 (33%) | — | ₹626 Cr |
| Market Maker | — | 160,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 3,000,000 (100%) | — | ₹18,900 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹126,000 |
| Retail (Max) | 13 | 26,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,442,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue | 6,459 | 5,994 | 6,178 |
| Profit After Tax | 262 | 136 | 102 |
| Total Assets | 4,664 | 4,335 | 3,963 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.