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Shashwat Furnishing Solutions IPO

Shashwat Furnishing Solutions Limited Logo

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:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets234.44
Total Revenue123.46
Profit After Tax16.10

Objects of the Issue:

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

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

Shashwat Furnishing Solutions IPO Details

IPO Opening DateApr 20, 2022
IPO Closing DateApr 25, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size558,000 Eq Shares of ₹10
(aggregating up to ₹2.51 Cr)
Fresh Issue558,000 Eq Shares of ₹10
(aggregating up to ₹2.51 Cr)
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Shashwat Furnishing Solutions IPO Lot Size

The Shashwat Furnishing Solutions IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

ApplicationLotsSharesAmount (Cut-off)

Shashwat Furnishing Solutions IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.28%


Company Contact Information

Shashwat Furnishing Solutions Limited
121, Mahaveer Nagar,
Jain Colony,
Phone: +91-9001269000
Email: [email protected]


KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: [email protected]

Lead Manager(s)

  1. Beeline Broking Ltd