Shashwat Furnishing Solutions Limited
IPO Details
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Shashwat Furnishing Solutions Limited's has transitioned to a publicly listed entity following its IPO debut on May 04, 2022 at the BSE exchange. The public offering successfully raised 5,58,000 Shares, consisting of 5,58,000 Sharesin new capital.
The IPO featured a competitive price range of ₹45 to ₹45 and minimum application size of 3000 shares. Market reception was evidenced through subscription activity between Apr 20, 2022 and Apr 25, 2022, reflecting investor appetite for the offering.
Allotment of shares was completed on Apr 30, 2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shashwat Furnishing Solutions Limited is a manufacturer and supplier of furniture and handicraft products, specialising in industrial furniture, restaurant and café furniture, garden and outdoor furniture, vintage furniture, mirror frames, wall clocks, and other decorative and handicraft items. The company operates by purchasing semi-furnished furniture and carrying out assembling, finishing, and repair activities to convert them into finished goods, which are sold to wholesalers, retailers, and end customers through online platforms such as Indiamart, Trade India, and Exporter India. In 2021, the company acquired the sole proprietorship business M/s Handicrafts Village, and its registered office, warehouse, and processing unit are all located in Jodhpur, Rajasthan.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Management: Led by a skilled and knowledgeable leadership team.
- Strong Supplier Ties: Maintains reliable and long-term supplier relationships.
- Scalable Business Model: Designed to grow efficiently with increasing demand.
- Quality Standards: Follows strict quality assurance and industry standards.
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- Mr. Hitesh Karnawat
Shashwat Furnishing Solutions Limited
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