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The third Tirthankar, Lord Sambhavanath was born in this holy place. He is believed to have taken diksha at a Sahetuk forest in the vicinity of Shravasti. Each year, thousands of Janis come to Shravasti to celebrate the birth day of Lord Sambhavanath and to observe one of the most important Jain festivals during the auspicious day of Kartik Purnima. So the Kartik Purnima is celebrated as a big festival everywhere.

The Rituals of Kartaik Purnima -

- The Kayotsarga of 21 Logassa
- 21 Khamasanas
- 21 Swastiks and
- 20 Navakarvalis with the Jap Pad of -

“Shri Shatrunjaya Tirthadhirajaya Namh” this Parva is celebrated with some special rules and principles. The rites of worship and activities have some special kind of importance. THE FALGUN SUD TERASH (THIRTEENTH DAY OF THE MONTH OF FALGUN). Shamb and Prdyumna had got the Moksha Pad with 8.5 crores monks. So the circumbulation of 6 Gaus (1 Gau means 3.2 Kms.) is done on this day.

THE CHAITRA SUD PURNIMA (THE 15TH DAY OF THE MONTH OF CHAITRA) Pundarik Swami had got the Moksha Pad here with 5 crores monks. So it is also named as Pundarikgiri. Who does the Pilgrimage with pure heart, can get the happiness of Moksha later on.