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  IPO
IPO Synopsis
  Parin Furniture Ltd
Registered Office: Plot No. 6 Revenue Survey No.,149 NH at Vavdi Gondal Road , Rajkot - 360004 , Gujarat , India.
Phone : 91-281-3300777   Fax:91-281-3063000
Email :  cs@parinfurniture.com  
Website :  www.parinfurniture.com
Initial public offering of 30,00,000 equity shares of face value of 10 each (the "equity shares"), at an issue price of 63 per equity share for cash, aggregating to 18.90 Crores ["public issue"] out of which 1,60,000 equity shares of face value of 10 each, at an issue price of 63 per equity share for cash, aggregating to 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 10 each, at an issue price of 63 per equity share for cash, aggregating to 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 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-18 28-Sep-18 63.00-0.00 0.00-0.00
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 companyGeneral corporate purposes
Funding the working capital requirements of the company
Promoted By
Umesh Dhirajlal Nandani
Deven Dipesh Nandani
Parin Umeshbhai Nandani
Listing At
NSE - SME 
Registrar to the Issue
Karvy Computershare Pvt Ltd