Parin Furniture Ltd

Issue Analysis :

Issue opens	Sept.26, 2018
Issue Closes	Sept.28, 2018
Issue Price	Rs 63
Lot Size	2000
Issue Size	18.90 Cr
Lead Manager	Hem Securities Limited
Registrar	Karvy Computershare Pvt Ltd
Platform	NSE

Company’s Snapshot :

Parin Furniture provides a wide range of furniture and lifestyle products including home furniture, office furniture, hospital furniture, institutional furniture and education furniture. Its subsidiary Pearl Furniture Private Limited has well established manufacturing unit located at Survey No. 26, Shapar Main Road, Village, Shapar, Taluka – Kotada Sangani, Dist – Rajkot-360024, having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. The factory is equipped with all facilities to execute all types of manufacturing activities such as panel cutting, edge bidding, post forming, painting line, fabrication, moulding, cutting and polishing & packaging, etc.

The company’s business network is spread in 18 States. It has COCO Flagship Retail Stores and around 900 dealers associated with itself.

Object of the Issue:

The objects of the Issue are to:

 

• Repayment of Certain Secured Borrowing
• Working Capital Requirements
• General Corporate Purpose
• Issue Expenses

Financial Highlights :

Parin Furniture’s  financial performance (in INR crore)
		FY2014	FY2015	FY2016	FY2017	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

 

Company Promoters:

The Promoters of the Company is:

1. Mr Umesh Dhirajlal Nandani
2. Mr Deven Dipesh Nandani
3. Mr Parin Umeshbhai Nandani

Contact Company Information:

Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149
National Highway,at Vavdi, Gondal Road
Rajkot, Gujarat – 360 004

 

Phone: +91 281 3300777
Email: cs@parinfurniture.com
Website: www.parinfurniture.com

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