Shashwat Furnishing Solutions IPO

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1. The company is engaged in processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. The company specialize 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.

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

Our Products:
i. Restaurant and Cafe Furniture – includes Chairs, Dinning Set, Dining table, Stools and Canteen Furniture
ii. Bar Furniture
iii. Garden & Outdoor Furniture
iv. Vintage and Antique Furniture

Competitive Strengths:

i. Experienced Management Team.
ii. Existing Supplier Relationship.
iii. Scalable Business Model.
iv. Quality Assurance and Standard.

Objects of the Shashwat Furnishing Solutions IPO:

The Net Proceeds from the Fresh Issue will be utilized for the following objects: 1. Working Capital Requirement 2. General Corporate Purpose 3. To Meet the Issue Expenses
RHP of Shashwat Furnishing Solutions IPO

Shashwat Furnishing Solutions IPO Details:

Open Date: Apr 20 2022
Close Date: Apr 25 2022
Total Shares: 558,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 2.51 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 45 Per Equity Share
Listing At: BSE SME
Listing Date: May 03 2022

Promoters And Management:

1. Mr. Hitesh Karnawat, aged 32 years is Chairman and Managing Director and also the Promoter of the Company. He holds honours degree in Bachelor of Commerce. He was appointed on the Board on March 08, 2021 and further designated as the Chairman and Managing Director of the Company on September 04, 2021 for a period of 5 years not liable to retire by rotation. He is looking after core management of the company and entrepreneur, active and enthusiastic in business activities. He has been instrumental in taking major policy decision of the Company. He has experience of 07 years in the Industry. He is playing vital role in formulating business strategies and effective implementation of the same. He is responsible for the expansion and overall management of the business of the Company. His leadership abilities have been instrumental in leading the core team of the Company. 2. Mr. Lalit Ghewarchand Karnawat, aged 62 years, is the Whole-Time Director of the Company. He holds matriculation degree. He was originally appointed on the Board on March 08, 2021 and further designated as the Whole-Time Director of the Company on September 04, 2021 for a period of 5 years liable to retire by rotation. He is having experience of 02 years in the industry. He is involved in the business right from conceptualization stage for Planning and guiding the Business Activities. 3. Mrs. Mayuri Karnawat, aged 35 years is Whole-Time Director of the Company. She was originally appointed on the Board on August 12, 2021 and further designated as the Whole-Time of the Company on September 04, 2021 for a period of 5 years liable to retire by rotation. She holds degree in Bachelor of Commerce having experience of 03 years.

Financials of Shashwat Furnishing Solutions IPO:

Particulars (in Lakhs) Feb-22 Mar-21
Sales 123 0
Cost of Materials Consumed 89 0
Changes in Inventories -17 0
Employee Benefits Expense 17 0
Other Expenses 11 0
Operating Profit 23 0
OPM % 18.65% 0.00%
Other Income 0 0
Depreciation 2 0
Profit before tax 22 0
Total Tax Exps 5 0
Net Profit 16 0
NPM % 13.04% 0.00%
No. of shares 20.88 20.88
EPS in Rs 1.09 0.00

Comparison With Peers:

There is no listed peer in the market.

Recommendation on Shashwat Furnishing Solutions IPO:

Review and Recommendation of Shashwat Furnishing Solutions IPO by InvestorZone is 1/10 [Company has only one year of financial data available and on that basis it is next to impossible to analyse a company.]

Lead Manager of Shashwat Furnishing Solutions IPO:

  1. Beeline Broking Limited

Registrar of Shashwat Furnishing Solutions IPO:

  1. Kfin Technology Private Limited

Company Address:

Shashwat Furnishing Solutions Limited 121, Mahaveer Nagar, Jain Colony, Jodhpur-342001 Phone: +91-9001269000 Email: cs@handicraftsvillage.com Website: http://www.handicraftsvillage.com/

Discussion on Shashwat Furnishing Solutions IPO:

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