Subscription-based furniture company Furlenco is planning a potential Rs 1,000-1,200 crore initial public offering (IPO), people in the know said.The company is seeking a valuation of around Rs 7,000 crore, one of the persons said, adding that the final valuation will be decided closer to the IPO, “depending on market conditions and the response during investor roadshows.”The IPO is expected to be launched in the next fiscal year. “The issue