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Let’s have a detailed review of the company and analytics of the Shashwat Furnishing Solutions IPO release date, IPO offer price, subscription, Shashwat Furnishing Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 45
Listing AtBSE, SME
Min. Order Quantity3000 Shares
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs 251 Lakh
IPO SizeRs 251 Lakh
Tick Size1

Shashwat Furnishing Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Shashwat Furnishing Solutions IPO – Summary

Shashwat Furnishing Solutions IPOTheir company is engaged in processing semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. Their company specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks, and various other decoration & handicrafts objects.

They are instrumental in presenting a wide assortment of exclusively-designed products, such as Restaurant Furniture, Cafe Furniture, and Metal Furniture. Their expert professionals are devoted to developing an exclusive product range capable to gain a nationwide appreciation for its remarkable finish, unique designs, trendy color combinations, flawless detailing, unbreakable quality, and higher durability.

The Promoter of this company is MR. HITESH KARNAWAT. The lead manager to the issue is BEELINE BROKING LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.

Shashwat Furnishing Solutions IPO Date

The opening and the closing date of the Shashwat Furnishing Solutions IPO are Apr 20, 2022 and Apr 25, 2022.

Shashwat Furnishing Solutions IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 20th April0.00x0.49x0.24x
2nd Day –  21th April0.23x1.72x0.97x
3rd Day – 22nd April0.75x2.53x1.64x
4th Day – 25th April2.43x6.81x4.62x
Shares Offered or Net Issue264,000264,000528,000

The shares subscribed by the public will be updated here.

Check Shashwat Furnishing Solutions IPO LIVE Subscription

  • Shashwat Furnishing Solutions IPO LIVE Bid details on BSE
  • Shashwat Furnishing Solutions IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.

Shashwat Furnishing Solutions IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Shashwat Furnishing Solutions Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Shashwat Furnishing Solutions IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.45 

Shashwat Furnishing IPO Size

This Initial Public Issue of 5,60,000 Equity Shares of Rs.10 each for cash at a price of Rs.45  per equity share aggregating to Rs.251 Lakh.

Shashwat Furnishing Solutions IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 558,000 Equity Shares of Rs.10/ each.

Issue Size: 558,000 Equity Shares of Rs.10 each, aggregating to Rs.251 Lakh

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    Shashwat Furnishing Solutions IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Shashwat Furnishing Solutions Share Price

    Shashwat Furnishing Solutions IPO Grey Market Premium

    The Shashwat Furnishing Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

    Shashwat Furnishing Solutions IPO – Company Overview

    Their Company was incorporated as a private limited company under the Companies Act, 2013 and registered with the Registrar of Companies, Central Registration Centre with the name Shashwat Furnishing Solutions Private Limited” pursuant to a certificate of incorporation dated March 08, 2021.

    Subsequently, their Company has acquired the entire business with the assets and liabilities of M/s Handicrafts Village, a sole proprietorship concern of Promoter Mr. Hitesh Karnawat vide Business Transfer Agreement dated June 01, 2021.

    Their Company’s proficiency lies in understanding the specific requirement of their customers and based on which they place the order of their products to the manufacturer having requisite manufacturing facilities. They source their products from reliable manufacturers of the market. They purchase the order in semi-finished condition and then process the same by finishing, assembling, and repairing turning them into finished products.

    Also, they purchase raw materials and manufacture through job work from a third party. Their company makes further sales to wholesalers, retailers, and customers through online platforms such as Indiamart, Trade India, Exporter India, etc.

    Shashwat Furnishing Solutions IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    Total Assets206.571.00
    *Total Revenue11.410.00
    Total Expense8.790.00
    Profit After Tax1.96

    Earnings per Equity Share (in Lakh)

    Basic & Diluted0.14


    Further, their PAT for the period ended on July 31, 2021, and March 31, 2021, were Rs. 1.96 Lakh, and Rs. NIL Lakh respectively.

    Shashwat Furnishing Solutions IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Hitesh Karnawat, Chairman cum Managing Director
    • Lalit Ghewarchand Karnawat, Whole-Time Director
    • Mayuri Karnawat, Whole-Time Director and Chief Financial Officer
    • Adesh Bhansali, Non-Executive Independent Director
    • Praveen Kumar Bokariya, Non-Executive Independent Director
    • Neelabh Gotecha, Non-Executive Independent Director

    Shashwat Furnishing Solutions IPO – Promoters Holding

    • Pre Issue Share Holding – 100%
    • Pos Issue Share Holding – 73.28%

    Shashwat Furnishing Solutions IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 5,60,000 Equity Shares aggregating up to Rs.251 Lakh
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue15,30,000 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Shashwat Furnishing Solutions IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Working Capital Requirement
    2. General Corporate Purpose
    3. To Meet the Issue Expenses

    Shashwat Furnishing Solutions IPO – Business Strategy

    • Leveraging their Market skills and Relationships
    • Improving functional efficiencies
    • Enhance customer base and to establish long-term relationships
    • To build up a professional organization
    • Expand geographical reach

    Shashwat Furnishing Solutions IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Leveraging their Market skills and Relationships
    • Improving functional efficiencies
    • Enhance customer base by entering new geographies to establish long-term relationships
    • To build up a professional organization
    • Expand geographical reach

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)

    Shashwat Furnishing Solutions IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Shashwat Furnishing Solutions Limited10[●]0.141.1911.41
    Listed Peers

    Shashwat Furnishing IPO Lead Managers

    Lead Managers
    SEBI Registration Number: INM000012546
    MB Division: 807, Phoenix Tower, Opp. New Girish Cold Drinks,
    Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009
    Telephone Number: +91 79 4840 5357
    Email Id: mb@beelinemb.com
    Investors Grievance Id: ig@beelinebroking.com
    Website: www.beelinebroking.com
    Contact Person: Mrs. Khushbu Shah
    CIN: U51900GJ2014PLC080598

    Shashwat Furnishing IPO Registrar to offer

    Registrar to the Offer
    Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda,
    Serilingampally, Hyderabad, Rangareddi, Telangana-500032 India.
    Tel. No.: +91-40-6716-2222
    Fax No.: +91-40-2343-1551
    Email: shashwat.ipo@kfintech.com
    Website: www.kfintech.com
    Investor Grievance Email: einward.ris@kfintech.com
    Contact Person: M Murali Krishna
    SEBI Registration No.: INR000000221

    Shashwat Furnishing IPO – Other Details

    • Statutory Auditor – M/s A Y & Company, Chartered Accountants
    • Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
    • Bankers to the Company –  NA

    Shashwat Furnishing IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10


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      Shashwat Furnishing Solutions Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Shashwat Furnishing Solutions IPO Review FAQs

      What is the Issue Size of Shashwat Furnishing IPO?

      The Company is making an initial public offer of 5,60,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Shashwat Furnishing IPO?

      The price band for this particular IPO ranges between Rs.45. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Shashwat Furnishing IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 20, 2022, while the closing date is set at Apr 25, 2022.

      What is the Shashwat Furnishing IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Shashwat Furnishing IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Shashwat Furnishing IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Shashwat Furnishing Solutions IPO?

      Here are the promoters of this IPO – MR. HITESH KARNAWAT. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Shashwat Furnishing IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Shashwat Furnishing IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Shashwat Furnishing?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 1.96.

      Calculate your return on investment!

      Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

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