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 Eq 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|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||May 7, 2018|
|Bid/Offer Closes On||May 11, 2018|
|Finalisation of Basis of Allotment||May 16, 2018|
|Initiation of Refunds||May 17, 2018|
|Credit of Shares to Demat Acct:||May 18, 2018|
|IPO Shares Listing Date:||May 21, 2018|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 10, 2018 17:00
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