Shashwat Furnishing Solutions IPO

Shashwat Furnishing Solutions Limited (IPO) is a manufacturer and supplier of furniture and handicraft items. The company specialize in developing Industrial Furniture, Restaurant and Cafe Furniture, Garden and Outdoor Furniture, Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts objects. The company engages in the business of purchasing, assembling, finishing and repairing semi-furnished furniture to converting them into finished goods. Shashwat Furnishing Solutions sells its furniture to wholesalers, retailers and customers through online platforms such as Indiamart, Trade India, Exporter India etc.

Shashwat Furnishing Solutions Limited acquired a sole proprietorship business M/s Handicrafts Village in 2021. The company’s registered office, warehouse and processing unit are located in Jodhpur, Rajasthan.

Competitive Strengths:

Experienced Management Team.
Existing Supplier Relationship.
Scalable Business Model.
Quality Assurance and Standard.

Company Promoters:

Mr. Hitesh Karnawat is the company promoter.

Company Financials:

Particulars	For the year/period ended (Rs in Lakhs)
	28-Feb-22
Total Assets	234.44
Total Revenue	123.46
Profit After Tax	16.10

Objects of the Issue:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

Working Capital Requirement.
General Corporate Purpose.
To Meet the Issue Expenses.