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Mafia Trends Limited IPO (Mafia Trends IPO) Detail

September 22, 2022 - September 27, 2022

Mafia Trends IPO is a fixed price issue of Rs 3.60 crores. The issue is entirely a fresh issue of 12.84 lakh shares.

Mafia Trends IPO bidding started from September 22, 2022 and ended on September 27, 2022. The allotment for Mafia Trends IPO was finalized on Friday, September 30, 2022. The shares got listed on BSE SME on October 6, 2022.

Mafia Trends IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹224,000.

GYR Capital Advisors Private Limited is the book running lead manager of the Mafia Trends IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Mafia Trends IPO RHP for detailed information.

Mafia Trends IPO Details

IPO Date September 22, 2022 to September 27, 2022
Listing Date October 6, 2022
Face Value ₹10 per share
Price ₹28 per share
Lot Size 4000 Shares
Total Issue Size1,284,000 shares
(aggregating up to ₹3.60 Cr)
Fresh Issue1,284,000 shares
(aggregating up to ₹3.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion68,000 shares

Mafia Trends IPO Reservation

Mafia Trends IPO offers 1,284,000 shares. 608,000 (47.35%) to NII, 608,000 (47.35%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered68,000 (5.30%)
Other Shares Offered608,000 (47.35%)
Retail Shares Offered608,000 (47.35%)
Total Shares Offered1,284,000 (100%)

Mafia Trends IPO Timeline (Tentative Schedule)

Mafia Trends IPO opens on September 22, 2022, and closes on September 27, 2022.

IPO Open Date Thursday, September 22, 2022
IPO Close Date Tuesday, September 27, 2022
Basis of Allotment Friday, September 30, 2022
Initiation of Refunds Monday, October 3, 2022
Credit of Shares to Demat Tuesday, October 4, 2022
Listing Date Thursday, October 6, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 27, 2022

Mafia Trends IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000
HNI (Min) 2 8,000 ₹224,000
Lot Size Calculator

Mafia Trends IPO Promoter Holding

Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit are the company promoters.

Share Holding Pre Issue 87.42%
Share Holding Post Issue

About Mafia Trends Limited

Incorporated in 2017, Mafia Trends Limited is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts.

Mafia is a fashion brand that provides affordable outfits yet premium. The company's business is based on the primary concept of 'Value Retailing' following which the company aim to provide the latest fashion trends in apparel and non-apparels for men with an added focus on the demands of the youth and young generation.

The total revenue for 2020-21 is Rs 400.80 lacs and for April 01, 2021 to January 31, 2022 is Rs 620.16 lacs.

Competitive Strengths :

  • First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group.
  • Competitive lease rentals.
  • Strong and diversified procurement network.
  • Efficient supply chain management.
  • Value Addition to our products
  • Strong IT infrastructure, systems and processes
  • One-stop shop with a large variety of products, adopting store Concept Classification, customised for the local populace.

Company Financials

Mafia Trends Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Mafia Trends IPO is Rs 12.41 Cr.

Pre IPO Post IPO
P/E (x) 15.21

Objects of the Issue (Mafia Trends IPO Objectives)

The company proposes to utilize the funds which are being raised through this Issue towards the following objects:

a) Funding the working capital requirements of the company

b) General Corporate Purposes

Mafia Trends IPO Review (Avoid)

[Dilip Davda]  MTL is operating in a highly competitive and fragmented segment. It has posted an average performance so far. Super profits for FY22 appear to be a window dressing in a pre-IPO year to pave the way for the asking price. On the basis of the issue price, it has given data on the pre-bonus capital base, which is perhaps an eyewash. With such bumper earnings, its asking price indicates a fully priced issue. A small equity base post IPO indicates longer gestation for migration. There is no harm in skipping this issue. Read detail review...

Mafia Trends IPO Subscription Status (Bidding Detail)

The Mafia Trends IPO is subscribed 4.94 times on September 27, 2022 6:58:00 PM. The public issue subscribed 5.97 times in the retail category, times in the QIB category, and 3.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Mafia Trends IPO Prospectus

Mafia Trends IPO Rating

Rating:Rated 3.3 stars
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Mafia Trends IPO Listing Details

Listing Date October 6, 2022
BSE Script Code 543613
NSE Symbol
Final Issue Price ₹28 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Mafia Trends Limited Contact Details

Mafia Trends Limited
1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015
Phone: +91 77780 43457

Mafia Trends IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Mafia Trends IPO - Buy or Not

Mafia Trends IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 2

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Mafia Trends IPO FAQs

Mafia Trends IPO is a SME IPO of 1,284,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.

The IPO opens on September 22, 2022, and closes on September 27, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Mafia Trends IPO using UPI as a payment gateway. Zerodha customers can apply in Mafia Trends IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Mafia Trends IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mafia Trends IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Mafia Trends IPO opens on September 22, 2022 and closes on September 27, 2022.

Mafia Trends IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.

You can apply in Mafia Trends IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Mafia Trends IPO will be done on Friday, September 30, 2022, and the allotted shares will be credited to your demat account by Tuesday, October 4, 2022. Check the Mafia Trends IPO allotment status.

The Mafia Trends IPO listing date is on October 6, 2022.
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Mafia Trends IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



36. Takamichi |   Link |  Bookmark |October 6, 2022 1:50:17 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
The LM does it part in listing and then vanishes in thin air and let's the stock go into red and i think keeps taking the price down and down ....sabar, JFL, veekayem....all listed in green and have been struggling till now despite getting good respone at the beginning ......
Judging by past of LM, good to sell in the pre-open and see the movement after that unless LM decides to go against its own history....
Gmp quotes was 6rs at the start.....Not gonna buy it but if i had to, i won't go above 2-3 rs premium in the best case
36.9. Takamichi |   Link |  Bookmark |October 6, 2022 6:52:51 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
I must have made khichri out of Ok the allotement due to continuous travelling for 2 days now ....
U r like a dark horse in here.... U have some good allotments and then further decent secondary market buyings too ..... Kudos to you

36.10. MehulStk |   Link |  Bookmark |October 6, 2022 7:23:37 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Takamichi, no no I am just a normal investor trying to learn everyday something from this wonderful platform. I found your post/comments to be very informative and meaningful. Keep up the good work :)
35. Rajggggg |   Link |  Bookmark |October 6, 2022 10:49:48 AM
Today the circuit will open in mafia
35.1. Rajggggg |   Link |  Bookmark |October 6, 2022 12:46:23 PM
Circuit opened
34. Arjun Rajkot |   Link |  Bookmark |October 6, 2022 12:01:33 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Hope some Buying comes and LC opens
33. AMIT IND |   Link |  Bookmark |October 6, 2022 9:52:08 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
32.65 listing is decent
32. IPOGUY |   Link |  Bookmark |October 6, 2022 9:49:49 AM
The real mafia.....listed at 16 percent premium.
31. kml |   Link |  Bookmark |September 27, 2022 1:25:27 PM (300+ Posts)
Noorul, lokes, m ravi, eagle ipo, other ipoking

Are you apply here in this, what is your strategy?
Please reply all
31.18. ajnabeedost |   Link |  Bookmark |October 1, 2022 3:07:57 PM
@mravi please let me know if you planning to buy more on listing date, then I will hold or else i will sale on the listing date.
31.19. MRavichandran |   Link |  Bookmark |October 1, 2022 4:30:08 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
I have not decided yet, I will see during pre-opening - the price and volume. I don't intend to sell any way. lets hope it will list good.

30. Darsh Jain |   Link |  Bookmark |September 28, 2022 11:01:49 AM
Looks good IPO thinking to apply!
30.2. NRockz |   Link |  Bookmark |September 28, 2022 3:35:22 PM
Ha ha.. its closed...
30.3. Boxowi |   Link |  Bookmark |October 4, 2022 1:11:28 PM
Time traveller spotted.
29. antarix |   Link |  Bookmark |September 27, 2022 7:13:29 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Skipped due to not so good IPO and also market conditions.
28. Trueinfo |   Link |  Bookmark |September 27, 2022 6:58:10 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Not applied due to lot many other choices, but I suppose, it will list positive.
27. NRockz |   Link |  Bookmark |September 27, 2022 12:27:49 PM
Anybody applying ? If yes give your view and listing gain..
27.1. MehulStk |   Link |  Bookmark |September 27, 2022 1:08:06 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I may apply as its small size IPO purely for listing gain.
27.2. NRockz |   Link |  Bookmark |September 27, 2022 4:21:46 PM
Applied 4 lots in HNI... hoping for better listing..
26. Gaurav DD dimer |   Link |  Bookmark |September 27, 2022 4:17:16 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Skipped Completely
was busy today, haven't checked the subscription even once today.
25. svh |   Link |  Bookmark |September 26, 2022 7:25:23 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Cheque dishonoured / returned / bounce cases against the promoter by Kotak Mahindra bank and other counter parties.

' 420 '
U/s 420 , Company was selling counterfeit garments of reputed brands like Levi's , Diesel and Fossil claiming to be original.

These are the two major reasons for avoid call for this issue despite of having attractive valuation. The IPO proceeds may go to court proceedings.
25.1. CB🤗 |   Link |  Bookmark |September 26, 2022 10:19:12 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
Agree to avoid. Even if now days every SME is giving minimum 10-15% profit no gambling justified here due to market condition. They have got NI filled very first day to lure investors! Be alert!!
25.2. svh |   Link |  Bookmark |September 27, 2022 2:58:50 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
NII : >
Day 1 : 2x
Day 4 : 3x
24. ajnabeedost |   Link |  Bookmark |September 27, 2022 1:10:23 PM
anyone planning to apply?
23. CB🤗 |   Link |  Bookmark |September 25, 2022 9:29:12 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
NI subscription 2 times on first day is something to watch out for. I am sure it will remain below 3 on 27th 2pm also Game#?
22. Arjun Rajkot |   Link |  Bookmark |September 25, 2022 7:35:34 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
Will not apply
List can be 20-25%
22.1. CB🤗 |   Link |  Bookmark |September 25, 2022 7:51:10 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
25-30% negative or positive? What aSri Gyanchand babaji predicts?
22.2. AnandS |   Link |  Bookmark |September 26, 2022 3:47:37 PM
25% of issue price
21. Trueinfo |   Link |  Bookmark |September 25, 2022 2:36:33 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Flood of SME IPOs during Navratras. Several of them good. Big problem in selecting the right ones while balancing between chance of allotment vis-a-vis likely gains.
20. ipo share |   Link |  Bookmark |September 25, 2022 8:37:12 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Kidney 2 hain aur IPO 12, ab kya bechna hai ki apply kar sakein??
19. Rajnikant bhadani |   Link |  Bookmark |September 23, 2022 9:38:08 PM
One bank account holder. how many applications du in ipo. He want to make a appli to his family difrent name demet ac
19.1. Lucky Applicant. |   Link |  Bookmark |September 24, 2022 1:26:12 PM
𝘉𝘦𝘵𝘵𝘦𝘳 𝘢𝘷𝘰𝘪𝘥 𝘦𝘯𝘨𝘭𝘪𝘴𝘩
18. i For IPO ☑️ |   Link |  Bookmark |September 24, 2022 12:58:27 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
I Applied Cancelled After 300 Point Fall And Less Subscription
17. Trueinfo |   Link |  Bookmark |September 24, 2022 12:48:41 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Keep in mind, market dynamics, while applying.