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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 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

Milestone Furniture IPO Date May 7, 2018 to May 11, 2018
Milestone Furniture IPO Face Value ₹10 per share
Milestone Furniture IPO Price ₹45 per share
Milestone Furniture IPO Lot Size 3000 Shares
Issue Size3,297,000 shares of ₹10
(aggregating up to ₹14.84 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Milestone Furniture IPO Timeline (Tentative Timetable)

Milestone Furniture IPO opens on May 7, 2018, and closes on May 11, 2018. The Milestone Furniture IPO bid date is from May 7, 2018 10.00 A.M. to May 11, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Milestone Furniture IPO Opening Date May 7, 2018
Milestone Furniture IPO Closing Date May 11, 2018
Basis of Allotment May 16, 2018
Initiation of Refunds May 17, 2018
Credit of Shares to Demat May 18, 2018
Milestone Furniture IPO Listing Date May 21, 2018

Milestone Furniture IPO Lot Size

The Milestone Furniture IPO 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
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000

Milestone Furniture IPO Review

Company’s financial data is really confusing and latest working is a bit surprising. Better options are available in the secondary market at lower P/Es. There is no harm in giving this issue a miss.

Read detail review...


Milestone Furniture IPO Subscription Status (Bidding Detail)

The Milestone Furniture IPO is subscribed 2.13 times on May 10, 2018 5:00:00 PM. The public issue subscribed 3.45 times in the retail category, times in the QIB category, and 0.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.82
Retail3.45
Total2.13

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 share
Face Value ₹10 per 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

KFin Technologies Limited

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

Milestone Furniture IPO Review

Milestone Furniture IPO Recommendation Summary

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

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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 share. The minimum order quantity is 3000 Shares.

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

KFin Technologies 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 .

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.
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Milestone Furniture IPO Message Board

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22 Comments

18. IPOANALYSIS |   Link |May 14, 2018 10:59:55 AM
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 |   Link |May 21, 2018 4:25:12 PM
as predicted will go down on listing

sell this stock and go for good ones from secondary market
17. BABUKALIA |   Link |May 20, 2018 9:30:04 AM
5 TO 10 % DISCOUNT LISTING
16. Samir desai |   Link |May 18, 2018 4:07:40 PM
WHAT IS THE GMP OF MILESTONE ? ANY NEWS?
15. Vijay M Agrawal |   Link |May 17, 2018 12:48:29 PM
Top Contributor Top Contributor (200+ Posts)
ALLOTMENT IS OUT CHECK IN KARISMA KARVY SITE LIEN IS ALSO REMOVED IN BOB
14. mukesh goyani |   Link |May 16, 2018 1:49:46 PM
what about allotment status
13. CAAnil |   Link |May 13, 2018 6:37:32 PM
What is post issue modification?
12. DownriteVJ |   Link |May 11, 2018 12:34:05 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      3.98X
Overall      2.38X
12.1. Hariprasad |   Link |May 11, 2018 12:54:04 PM
R u applying DownriteVJ?
12.2. DownriteVJ |   Link |May 11, 2018 1:18:42 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Nope.
11. DownriteVJ |   Link |May 9, 2018 3:27:51 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      2.3X
Overall      1.54X
10. dipandesai |   Link |May 8, 2018 6:20:17 PM
Subject 2?
9. Small Investor |   Link |May 8, 2018 5:18:55 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
kya sme m bhi intra day ho skta h kya
8. DownriteVJ |   Link |May 7, 2018 5:38:18 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      1.63X
Overall      1.2X
8.1. Rkgdaya |   Link |May 8, 2018 1:39:03 PM
plz share your number. i want some information
7. lic |   Link |May 8, 2018 12:41:13 PM
Figure in Rs. only
6. Riaz Khatri |   Link |May 8, 2018 12:26:59 PM
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 |   Link |May 8, 2018 11:14:41 AM
avoid for me.
It seems like fake subscription figures
4. RAJAKUMAR |   Link |May 7, 2018 4:40:57 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
First day itself if subscribed 1.25 times. Retail already 1.6 times. Apply for listing gain.
3. SecTheta |   Link |May 6, 2018 2:21:24 PM
This is a clear avoid.. this should list in 10% or even more discount.
2. DarkHorse |   Link |May 3, 2018 12:16:18 PM
@umang sir,@IPOanalysis sir..your views on this? and which one is better..softech or milestone?
1. spars |   Link |May 2, 2018 9:13:26 AM
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.