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.
The promoters of the Company are Mr. Digamber Sudam Songhare and Mr. P. S. Ganeshkumar.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||3,247,677||1,989,136||542,472||343,186|
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 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 Subscription Status tells if Milestone Furniture IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Milestone Furniture IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,566,000||1,566,000||165,000||3,297,000|
|Day 1 - May 7, 2018 17:00 IST||0||1,275,000||2,679,000||-||3,954,000|
|Day 2 - May 8, 2018 17:00 IST||0||1,275,000||3,498,000||-||4,773,000|
|Day 3 - May 9, 2018 17:00 IST||0||1,275,000||3,894,000||-||5,169,000|
|Day 4 - May 10, 2018 17:00 IST||0||1,281,000||5,403,000||-||6,684,000|
Vote Here ...
Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compared top share brokers in India to help investors like you. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...