Parin Furniture Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2018

Close Date

28 Sep 2018

Allotment

04 Oct 2018

Listing Date

09 Oct 2018

Exchange

NSE SME

Price Band

₹63

Listing Price

See chart

Allotment Status

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Price Band

₹63

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

30,00,000 shares (aggregating up to ₹18.90 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

81,18,000 shares

Promoters

Post-IPO Holding

1,11,18,000 shares

Promoters

UPI Deadline

2018-09-28

Mandate

Anchor AllotmentTue, 25 Sep 2018

Basis of AllotmentThu, 04 Oct 2018

Refund InitiationFri, 05 Oct 2018

Demat CreditFri, 05 Oct 2018

Listing DayTue, 09 Oct 2018

UPI Mandate Deadline2018-09-28

Sale TypeFresh Capital

Net Offer to Public28,40,000 shares (aggregating up to ₹17.89 Cr)

Market Maker Quota1,60,000 shares (aggregating up to ₹1.01 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Parin Furniture Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Sep 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	160,000	—	₹1.01
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,000,000	100%	₹18.90

IPO Shares Offered

Parin Furniture Ltd. IPO total issue size: ₹18.90 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	160,000	₹1.01	5.33%
Total	3,000,000	₹18.90	100.00%

* Based on upper price band ₹63 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹63.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹252,000
Retail (Max — 13 Lots)	13	26,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,568,000

* Issue Price ₹63 × Lot Size 2,000 shares

IPO Schedule

Anchor

25 Sep 2018

✓ Done

IPO Open

26 Sep 2018

✓ Done

IPO Close

28 Sep 2018

✓ Done

Allotment

04 Oct 2018

✓ Done

Refunds

05 Oct 2018

✓ Done

Demat Credit

05 Oct 2018

✓ Done

Listing Day

09 Oct 2018

✓ Done

₹63.00

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Issue ₹63.00 Live Price

About Parin Furniture Ltd.

Incorporated in 2006, Gujarat based Parin Furniture Limited is a company engaged in the business of providing provider of a wide and exclusive range of furniture and lifestyle products. The product portfolio of the company includes a variety of furniture for homes, offices, hospitals and other institutions.The company's business network is spread in 18 States with COCO Flagship Retail Stores in Ahmedabad, Rajkot, and Mumbai. Around 900 dealers associated with it. It has 4 warehouses in Rajkot, Surat, Mumbai, and Kolkata.Parin Furniture has also entered into franchise agreements with other companies in Junagadh, Mehsana, and Hyderabad.Its Subsidiary Company 'Pearl Furniture Private Limited' has a well-established manufacturing unit located at Rajkot. The facility is equipped with high tech equipment and design facility to manufacture various all types of furniture.The company has 137 employees on its payroll.

Objects of the Issue

1 Repayment of Certain Secured Borrowing availed by the Company

2 Funding the Working Capital Requirements of the Company

3 General Corporate Purposes

Parin Furniture Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹6,178.5

31-Mar-16

₹5,994.0

31-Mar-17

₹6,459.3

31-Mar-18

Profit After Tax (PAT)

₹101.6

31-Mar-16

₹135.5

31-Mar-17

₹261.8

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	6459.34	5994.04	6178.46
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	261.78	135.54	101.57
Net Worth	N/A	N/A	N/A
Total Assets	4663.61	4334.86	3963.39
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered30,00,000 (100.00%)

Net Offer to Public28,40,000 shares (aggregating up to ₹17.89 Cr)

Reserved for Market Maker1,60,000 shares (aggregating up to ₹1.01 Cr)

Pre-Issue Promoter Holding81,18,000 shares

Post-Issue Promoter Holding1,11,18,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Parin Furniture Ltd. IPO subscribed? ▲

Parin Furniture Ltd. IPO is subscribed 1.00 times by Sep 28, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Parin Furniture Ltd. IPO retail subscription status? ▼

The Parin Furniture Ltd. IPO retail category is subscribed 1.00 times as of 28 Sep 2018. The retail portion is oversubscribed.

How to subscribe Parin Furniture Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2018 and closes 28 Sep 2018. Min investment: ₹126,000 (1 lot = 2,000 shares). UPI mandate: 2018-09-28.

How many times Parin Furniture Ltd. IPO subscribed? ▼

The Parin Furniture Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Parin Furniture Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2018. Refunds: on 05 Oct 2018.

When Parin Furniture Ltd. IPO will be listed? ▼

The Parin Furniture Ltd. IPO listing date is 09 Oct 2018, Tuesday. Listed on: NSE SME. Issue price: ₹63. Estimated listing: ₹63. GMP: NIL.

When Parin Furniture Ltd. IPO close? ▼

The Parin Furniture Ltd. IPO closes on 28 Sep 2018, Friday. UPI mandate: 2018-09-28. Allotment: 04 Oct 2018. Listing: 09 Oct 2018.

Quick Actions

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Live Price LIVE

Last Price₹63.00

Change—

Issue Price₹63.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹63

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹63

Subscribed1.00x

Open Date26 Sep 2018

Close Date28 Sep 2018

Allotment04 Oct 2018

Listing Date09 Oct 2018

ExchangeNSE SME

UPI Deadline2018-09-28