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IPO

IPO Details


Parin Furniture Ltd
Registered Office: Plot No. 6 Revenue Survey No., 149 NH at Vavdi Gondal Road, Rajkot - 360004, Gujarat
Phone: 91-281-3300777
Email: cs@parinfurniture.com
Website: www.parinfurniture.com
Initial public offering of 30,00,000 equity shares of face value of Rs. 10 each (the equity shares), at an issue price of Rs. 63 per equity share for cash, aggregating to Rs.18.90 Crores [public issue] out of which 1,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 63 per equity share for cash, aggregating to Rs. 1.01 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Net issue of 28,40,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 63 per equity share for cash, aggregating to Rs. 17.89 Crores is hereinafter referred to as the net issue. The public issue and net issue constitute 26.98% and 25.54% respectively of the post- issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 6.30 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Sep-2018 28-Sep-2018 ₹ 63.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 18.90 Hem Securities Ltd
Project Financed through Current Offer 18.90
Post Issue Equity Share Capital 11.12
Issue Price ₹63.00
Projects
Repayment of certain secured borrowing availed by the company
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Umesh Dhirajlal Nandani
Deven Dipesh Nandani
Parin Umeshbhai Nandani
Listing At
NSE - SME
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

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