Parin Furniture SME IPO Details

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.

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Parin Furniture IPO Dates & Price Band:

• IPO Open: 26-September-2018
• IPO Close: 28-September-2018
• IPO Size: Approx Rs 18.90 Crore
• Face Value: Rs.10 Per Equity Share
• Price Band: Rs.60-63 Per Equity Share
• Listing on: NSE SME
• Shares: 3,000,000
• Retail Portion: 50%

IPO Market Lot:

• Shares: Apply for 2,000 Shares (Minimum Lot Size)
• Amount: Rs.1,26,000

IPO Allotment & Listing:

• Basis of Allotment: 04-October-2018
• Refunds: 05-October-2018
• Credit to demat accounts: 05-October-2018
• Listing: 09-October-2018

Financial Results:

Rs. in Crore
	Revenue	Expense	PAT
2014	30.0	27.6	0.61
2015	28.8	26.2	0.28
2016	61.8	56.9	1.02
2017	59.9	54.1	1.36
2018	64.6	57.4	2.62

Company Promoters:

• Mr. Umesh Dhirajlal Nandani
• Mr. Deven Dipesh Nandani
• Mr. Parin Umeshbhai Nandani

IPO Registrar:

Karvy Computershare Private Limited

Phone: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: cgl.ipo@karvy.com

Website: www.karvycomputershare.com

IPO Lead Managers:

• Hem Securities Limited

Company Address:

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