Business Standard

Parin Furniture Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

18.90 cr

Price Range (₹)

63

Lot Size

2000

Min Investment (₹)

1,26,000.00

Listing Exchange

NSE - SME

Open Date

26-Sept-2018

Close Date

28-Sept-2018

Listing Date

09-Oct-2018

Parin Furniture Ltd News

    The Shares of Parin Furniture Ltd have now been listed.

    Parin Furniture Ltd IPO Details

    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.

    Objective of issue

    Repayment of certain secured borrowing availed by the company. Funding the working capital requirements of the company. General corporate purposes.

    Parin Furniture Ltd Contact Details

    Parin Furniture Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@parinfurniture.com

    Website - www.parinfurniture.com