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Mafia Trends Limited IPO (Mafia Trends IPO) Detail

Sep 22, 2022 - Sep 27, 2022

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
31-Mar-191031.11282.3322.02202.19139.75
31-Mar-201154.181147.860.45202.64140.2
31-Mar-21801.43400.827229.64167.2
31-Mar-221062.72715.2881.79341.56271.57
Amount in ₹ Lakhs

Objects of the Issue

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 Details

Mafia Trends IPO Date Sep 22, 2022 to Sep 27, 2022
Mafia Trends IPO Face Value ₹10 per share
Mafia Trends IPO Price ₹28 per share
Mafia Trends IPO Lot Size 4000 Shares
Issue Size1,284,000 shares of ₹10
(aggregating up to ₹3.60 Cr)
Fresh Issue1,284,000 shares of ₹10
(aggregating up to ₹3.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

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

Mafia Trends IPO Timeline (Tentative Timetable)

Mafia Trends IPO opens on Sep 22, 2022, and closes on Sep 27, 2022. The Mafia Trends IPO bid date is from Sep 22, 2022 10.00 A.M. to Sep 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Mafia Trends IPO Opening Date Sep 22, 2022
Mafia Trends IPO Closing Date Sep 27, 2022
Basis of Allotment Sep 30, 2022
Initiation of Refunds Oct 3, 2022
Credit of Shares to Demat Oct 4, 2022
Mafia Trends IPO Listing Date Oct 6, 2022

Mafia Trends IPO Lot Size

The Mafia Trends IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000

Mafia Trends IPO Promoter Holding

Pre Issue Share Holding 87.42%
Post Issue Share Holding

Mafia Trends IPO Review

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 Sep 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)
NII3.91
Retail5.97
Total4.94

Mafia Trends IPO Prospectus

Mafia Trends IPO Rating

113
3.3
Rating:Rated 3.3 stars
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Company Contact Information

Mafia Trends Limited
1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015
Phone: +91 77780 43457
Email: grievance@mafiastores.com
Website: http://www.mafiastores.com/index.html

Mafia Trends IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mafia.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Mafia Trends IPO Review

Mafia Trends IPO Recommendation Summary

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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 Sep 22, 2022, and closes on Sep 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 Sep 22, 2022 and closes on Sep 27, 2022.

Mafia Trends IPO lot size is 4000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Mafia Trends IPO listing date is not yet announced. The tentative date of Mafia Trends IPO listing is Oct 6, 2022.
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