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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

Milestone Furniture IPO Details

IPO Opening Date May 7, 2018
IPO Closing Date May 11, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹45 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size3,297,000 Eq Shares of ₹10
(aggregating up to ₹14.84 Cr)

Milestone Furniture IPO Tentative Timetable

The Milestone Furniture IPO open date is May 7, 2018, and the close date is May 11, 2018. The issue may list on May 21, 2018.

IPO Open Date May 7, 2018
IPO Close Date May 11, 2018
Basis of Allotment Date May 16, 2018
Initiation of Refunds May 17, 2018
Credit of Shares to Demat Account May 18, 2018
IPO Listing Date May 21, 2018

Milestone Furniture IPO Lot Size

The Milestone Furniture IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

Milestone Furniture IPO Subscription Status (Bidding Detail)

The Milestone Furniture IPO is subscribed 2.13 times on May 10, 2018 17:00. The public issue subscribed 3.45 in the retail category, in the QIB category, and 0.82 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

0.82

RII

3.45

Total

2.13

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 Group of Securities
ISIN INE424Z01011
IPO Price ₹45 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹45.00
₹42.75
₹45.45
₹44.45

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
Email: admin@milestonefurniture.com
Website: http://www.milestonegroup.asia

Milestone Furniture IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Milestone Furniture IPO Reviews / Ratings

Milestone Furniture IPO FAQs

Milestone Furniture IPO is a SME IPO of 3,297,000 equity shares of the face value of ₹10 aggregating up to ₹14.84 Crores. The issue is priced at ₹45 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on May 7, 2018, and closes on May 11, 2018.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Milestone Furniture IPO opens on May 7, 2018 and closes on May 11, 2018.

Milestone Furniture IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Milestone Furniture 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 Milestone Furniture IPO will be done on May 16, 2018, and the allotted shares will be credited to your demat account by May 18, 2018. Check the Milestone Furniture IPO allotment status.

The Milestone Furniture IPO listing date is on Monday, May 21, 2018.

Milestone Furniture IPO Message Board

Ranked Members  Ranked Members

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18. IPOANALYSIS |May 14, 2018 10:59
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
It is a sell stock on listing day. no great returns expected, it should be sold if there is any grey market
18.1. IPOANALYSIS |May 21, 2018 16:25
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
as predicted will go down on listing

sell this stock and go for good ones from secondary market
17. BABUKALIA |May 20, 2018 09:30
5 TO 10 % DISCOUNT LISTING
16. Samir desai |May 18, 2018 16:07
WHAT IS THE GMP OF MILESTONE ? ANY NEWS?
15. Vijay M Agrawal |May 17, 2018 12:48
Top Contributor Top Contributor (200+ Posts)
ALLOTMENT IS OUT CHECK IN KARISMA KARVY SITE LIEN IS ALSO REMOVED IN BOB
14. mukesh goyani |May 16, 2018 13:49
what about allotment status
13. CAAnil |May 13, 2018 18:37
What is post issue modification?
12. DownriteVJ |May 11, 2018 12:34
IPO Guru IPO Guru (1200+ Posts, 1200+ Likes)
Retail      3.98X
Overall      2.38X
12.1. Hariprasad |May 11, 2018 12:54
R u applying DownriteVJ?
12.2. DownriteVJ |May 11, 2018 13:18
IPO Guru IPO Guru (1200+ Posts, 1200+ Likes)
Nope.
11. DownriteVJ |May 9, 2018 15:27
IPO Guru IPO Guru (1200+ Posts, 1200+ Likes)
Retail      2.3X
Overall      1.54X
10. dipandesai |May 8, 2018 18:20
Subject 2?
9. Small Investor |May 8, 2018 17:18
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
kya sme m bhi intra day ho skta h kya
8. DownriteVJ |May 7, 2018 17:38
IPO Guru IPO Guru (1200+ Posts, 1200+ Likes)
Retail      1.63X
Overall      1.2X
8.1. Rkgdaya |May 8, 2018 13:39
plz share your number. i want some information
7. lic |May 8, 2018 12:41
Figure in Rs. only
6. Riaz Khatri |May 8, 2018 12:26
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.
5. IPOANALYSIS |May 8, 2018 11:14
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
avoid for me.
It seems like fake subscription figures
4. RAJAKUMAR |May 7, 2018 16:40
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
First day itself if subscribed 1.25 times. Retail already 1.6 times. Apply for listing gain.
3. SecTheta |May 6, 2018 14:21
This is a clear avoid.. this should list in 10% or even more discount.
2. DarkHorse |May 3, 2018 12:16
@umang sir,@IPOanalysis sir..your views on this? and which one is better..softech or milestone?
1. spars |May 2, 2018 09:13
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.