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Parin Furniture IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 18.90 Cr. The company is based in Rajkot and caters to Furniture sector. Hem Securities is the merchant banker of Parin Furniture IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 21st May 2018.
Parin Furniture IPO open date is 26th September 2018 and close date is 28th September 2018. IPO Allotment Date is 4th October 2018 and Listing date is 9th October 2018.
IPO
Size:
₹ 18.90 Cr.
Avg IPO Size (Sector Based)
: ₹
21.92 cr.
Sector: Furniture
SME
IPO so far:
24
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
130
City:
Rajkot
SME
IPO so far:
28
Revenue (annualised):
₹
64.59
cr. 
PE
Ratio:
17.00x
Average Sector PE Ratio: 17.68x
Parin Furniture IPO size is ₹ 18.90 Cr. with IPO price of ₹ 63.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Parin Furniture IPO. Kfin Technologies Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Parin Furniture IPO.
Parin Furniture IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Parin Furniture IPO, based in Rajkot, operates in the Furniture sector with a focus on Furniture. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Parin Furniture IPO size is ₹ 18.90 Cr. with fresh issue size of ₹ 18.90 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Parin Furniture IPO is expected to be 4th October 2018, after the finalization of basis of allotment. Investors can check Parin Furniture IPO allotment status on the registrars website, Kfin Technologies Limited . Parin Furniture IPO refund dates are 5th October 2018.
Parin Furniture IPO is expected to be listed on 9th October 2018.
The upper price band for the Parin Furniture IPO is set at ₹ 63.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Parin Furniture IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Parin Furniture IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th September 2018. After submission, funds are blocked until the basis of allotment of Parin Furniture IPO is finalised.
The merchant banker for Parin Furniture IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Parin Furniture IPO RHP for further details.
The registrar for Parin Furniture IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Parin Furniture IPO through their official website or helpline.
Parin Furniture IPO was subscribed 2.45 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 18.90 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.92 Cr.
Sector: Furniture
SME
IPO so far:
24
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
130
City:
Rajkot
SME
IPO so far:
28
Revenue (annualised):
₹ 64.16 cr.
PE
Ratio:
17.00x
Average Sector PE Ratio: 17.68x
Parin Furniture IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Parin Furniture Financial Review Page
Merchant Banker(s) of Parin Furniture IPO: Hem Securities Limited
Parin Furniture IPO subscription was 2.45 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Parin Furniture IPO listed at a listing price of 64.90 against the offer price of 63.00.
The current market price of Parin Furniture is 350.00.
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