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Milestone Furniture Limited IPO (Milestone Furniture IPO) Detail

May 7, 2018 - May 11, 2018

Incorporated in 2014, Mumbai based Milestone Furniture Limited is engaged in the manufacturing and marketing of Interior and Modular Furniture business.

The company has developed expertise in Space & workstation Management, designing and innovation in Furniture used in Education, Healthcare and Corporate organization. It also
developed the In-house technical & Design team to provide turnkey solutions and implementation of interior and workspace in Commercial, Residential and Institutions. It has developed an In-house team of professionals for design, drawing, and space management interiors suitable and specification of client needs.

Milestone has a high tech manufacturing equipment and Design facility to manufacture the various combination and size products in Sakinaka, Mumbai. The Company currently has 70 employees on its payroll.

Company Promoters:

The promoters of the Company are Mr. Digamber Sudam Songhare and Mr. P. S. Ganeshkumar.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 53,160,563 23,014,900 21,710,118 8,257,681
Total Revenue 89,467,999 55,175,651 33,229,409 3,787,759
Profit After Tax 3,247,677 1,989,136 542,472 343,186

Objects of the Issue:

The Objects of the Issue are:

1. To set up the manufacturing facility to manufacture the modular and innovative furniture
2. Working Capital Requirement
3. General Corporate Expenses; and
4. To meet the expenses of the Issue

Issue Detail:

  »»  Issue Open: May 7, 2018 - May 11, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,297,000 Equity Shares of Rs 10 aggregating up to Rs 14.84 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 45 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: BSE SME

Milestone Furniture IPO Reviews / Recommendations:

Dilip Davda - Avoid

 

Milestone Furniture IPO Subscription Status / Live Bidding Status

This section is moved. Please click 'Subscription (Live)' tab on top of the page.

 

Milestone Furniture IPO Prospectus

Milestone Furniture IPO Rating

61
4.0
Rating:Rated 4.0 stars

Vote Here ...

Milestone Furniture IPO Listing Date

  •   ›  Listing Date: Monday, May 21, 2018
  •   ›  BSE Script Code: 541337
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE424Z01011
  •   ›  Issue Price: Rs 45 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 45.00
Rs 45.00
Rs 42.75
Rs 45.45
Rs 44.45
621,000

Milestone Furniture IPO News Alerts

  1. Tuesday, May 22, 2018 12:00:00 AM
    Milestone Furniture IPO Allotment Status
  2. Monday, May 21, 2018 12:00:00 AM
    Milestone Furniture IPO Listing Date & Info
  3. Friday, May 11, 2018 12:00:00 AM
    Milestone Furniture IPO Closes on May 11, 2018
  4. Monday, May 7, 2018 12:00:00 AM
    Milestone Furniture IPO Opens on May 7, 2018

Company Contact Information

Milestone Furniture Limited
1 st Floor, Aslam Compound Shree Nagar,
Behind Boghul House, Chandivali Road
Sakinaka, Mumbai, Maharashtra - 400072
Phone: 022- 28581499 / 28578954
Fax:
Email: admin@milestonefurniture.com
Website: http://www.milestonegroup.asia

Milestone Furniture IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Milestone Furniture IPO Lead Manager(s)

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Milestone Furniture IPO Review / Comments

avatar
18. IPOANALYSIS  May 14, 2018 10:59 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
It is a sell stock on listing day. no great returns expected, it should be sold if there is any grey market
avatar
18.1. IPOANALYSIS  May 21, 2018 16:25 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
as predicted will go down on listing

sell this stock and go for good ones from secondary market
avatar
17. BABUKALIA  May 20, 2018 09:30 I Like It. | Report Abuse
5 TO 10 % DISCOUNT LISTING
avatar
16. Samir desai  May 18, 2018 16:07 I Like It. | Report Abuse
WHAT IS THE GMP OF MILESTONE ? ANY NEWS?
avatar
15. Vijay M Agrawal  May 17, 2018 12:48 I Like It. | Report Abuse
ALLOTMENT IS OUT CHECK IN KARISMA KARVY SITE LIEN IS ALSO REMOVED IN BOB
avatar
14. mukesh goyani  May 16, 2018 13:49 I Like It. | Report Abuse
what about allotment status
avatar
13. CAAnil  May 13, 2018 18:37 I Like It. | Report Abuse
What is post issue modification?
avatar
12. DownriteVJ  May 11, 2018 12:34 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Retail      3.98X
Overall      2.38X
avatar
12.1. Hariprasad  May 11, 2018 12:54 I Like It. 1 | Report Abuse
R u applying DownriteVJ?
avatar
12.2. DownriteVJ  May 11, 2018 13:18 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Nope.
avatar
11. DownriteVJ  May 9, 2018 15:27 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Retail      2.3X
Overall      1.54X
avatar
10. dipandesai  May 8, 2018 18:20 I Like It. 1 | Report Abuse
Subject 2?
avatar
9. Small Investor  May 8, 2018 17:18 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
kya sme m bhi intra day ho skta h kya
avatar
8. DownriteVJ  May 7, 2018 17:38 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Retail      1.63X
Overall      1.2X
avatar
8.1. Rkgdaya  May 8, 2018 13:39 I Like It. | Report Abuse
plz share your number. i want some information
avatar
7. lic  May 8, 2018 12:41 I Like It. | Report Abuse
Figure in Rs. only
avatar
6. Riaz Khatri  May 8, 2018 12:26 I Like It. 1 | Report Abuse
INVESTORS PLEASE BE CAREFUL !
AS IN THE HARD COPY OF SMART INVESTMENTS NEWSPAPER MILESTONE FURNITURE HAS ADVERTISED.

HENCE THE SMART INVESTMENTS WEBSITE MAY SHOW JUMP IN PREMIUM.

SP PLEASE DO NOT GET CARRIED AWAY.

ALWAYS INVEST IN FUNDAMENTALLY STRONG COMPANIES.

DO NOT INVEST SOLELY BY LOOKING AT THE PREMIUM.
avatar
5. IPOANALYSIS  May 8, 2018 11:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
avoid for me.
It seems like fake subscription figures
avatar
4. RAJAKUMAR  May 7, 2018 16:40 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
First day itself if subscribed 1.25 times. Retail already 1.6 times. Apply for listing gain.
avatar
3. SecTheta  May 6, 2018 14:21 I Like It. 1 | Report Abuse
This is a clear avoid.. this should list in 10% or even more discount.
avatar
2. DarkHorse  May 3, 2018 12:16 I Like It. | Report Abuse
@umang sir,@IPOanalysis sir..your views on this? and which one is better..softech or milestone?
avatar
1. spars  May 2, 2018 09:13 I Like It. 1 | Report Abuse
Pe >1, Even less than industry pe (as per prospects)
With this it looks attractive ....
Some reasonable activity in grey market too makes it more interesting .

M positive on this issue
Further would b waiting for expert opinions and sub. fig.
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