News Details
Category : IPO
Headline : Shashwat Furnishing announces launch of initial public offering
Date: 18/04/2022 10:50
Shashwat Furnishing Solutions Ltd. has announced public offering of 558000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 251.10 lakhs.

The company's initial public offer (IPO) will open on 20 April 2022 and is expected to close on 25 April 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 558000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Shashwat Furnishing Solutions Ltd. anticipates using the proceeds of the issue for Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses.

BEELINE BROKING LIMITED as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.