Parin Furniture Limited Profile
Parin takes pride as fastest growing professionally managed furniture company based at Rajkot with its presence at Rajkot, Ahmedabad, Surat, Mumbai, Kolkata, Junagadh, Mehsana, Kodinar, Bhubaneshwar and with many plans ahead. They are planning to set up 100 Brands stores across the country in the financial year 2025. The advanced approach and various Business verticals allow the company to maintain a space and remain competitive in today’s ever-changing marketplace.
Company’s Biggest strength is major products are Made in India with modern machines and methodology. They got own Team of expert designers who design the product and get it manufactured under supervision. Quality for their Import Product is being Checked and Verified by Quality Inspectors in Various countries such as China, Malaysia with zero tolerance for errors which is the core competency as to ensure the continued good quality. They sustain brand values and product excellence. Parin is a National brand having its presence in 18 states with a display area of 2,00,000 sq ft. and Warehouse of 1,25,000 sq ft. More than 900 Business partners, Dealers, and Distributors are connected to them. They are committed to delivering world-class quality products at Best Price over the years.
Parin Furniture Limited Promoters:
The Promoters of the company are: Mr. Umesh Dhirajlal Nandani, Mr. Deven Dipesh Nandani, and Mr. Parin Umeshbhai Nandani
Parin Furniture Limited IPO details:
Symbol: PARIN
Issue Size: Initial Public Offer of 30,00,000 Equity Shares (Includes Market Maker Reservation Portion of 1,60,000 Equity Shares).
Face Value: Rs 10
Price Range: Rs 60 to Rs 63
Issue Type: 100% Book Building
Bid Lot: 2000 Equity Shares and in multiples thereof.
Minimum Order Quantity: 2000 Equity Shares
Issue Period: 26 September 2018 to 28 September 2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Karvy Computershare Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Parin Furniture Limited Financials:
| Parin Furniture’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | ||
| Total revenue | 30.0 | 28.8 | 61.8 | 59.9 | 64.6
|
|
| Total expenses | 27.6 | 26.2 | 56.9 | 54.1 | 57.4 | |
| Profit after tax | 0.61 | 0.28 | 1.02 | 1.36 | 2.62 | |
Parin Furniture Limited Allotment Status:
Parin Furniture Limited IPO Allotment Date: N/A
Parin Furniture Limited IPO Listing Date: N/A
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