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Mittal Life Style Ltd IPO is a fixed price issue of Rs 4.41 crores.
Mittal Life Style Ltd IPO bidding started from March 19, 2018 and ended on March 21, 2018. The shares got listed on NSE SME on April 2, 2018.
Mittal Life Style Ltd IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Mittal Life Style Ltd IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Mittal Life Style Ltd IPO RHP for detailed information.
| IPO Date | March 19, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,100,000 shares (aggregating up to ₹4.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 120,000 shares |
Mittal Life Style Ltd IPO offers 2,220,000 shares. 990,000 (44.59%) to NII, 990,000 (44.59%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.41%) |
| Other Shares Offered | 990,000 (44.59%) |
| Retail Shares Offered | 990,000 (44.59%) | Other Shares Offered | 120,000 (5.41%) |
| Total Shares Offered | 2,220,000 (100%) |
Investors can bid for a minimum of 6000 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 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| Lot Size Calculator | |||
Incorporated in the year 2005, Mittal Life Style Ltd is a Mumbai based company dealing in Denim & Bottom weight Fabrics. The company is a prominent supplier of Fashion Fabrics, Cotton Canvas denims, Dupion bottom Fabrics, Polyester Fabrics, Cotton Fabric, knit fabrics etc. to the textile industry.
The company has tied-up with about 16 Composite mills to get denim fabric manufactures as per its need and requirements. Some of the company's regular suppliers are Mafatlal Industries Limited, Oswal Industries Limited, Bhaskar Industries Private Limited, Nandan Denim Limited etc. The Company has also tie-up with 11 logistic companies to pick denim fabric from various mills and warehouse at their premises.
Some of the competitive strengths of the company are-
1. Existing relationship with suppliers
2. Customer Centric Business Model
3. Promoters and Experienced Management
As on October 30, 2017 Mittal Life Style had 12 Permanent employees.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1693.58 | 1270.97 | 919.01 | 758.03 | 553.86 | |
| Total Revenue | 7856.78 | 5904.08 | 4635.07 | 3232.10 | 2527.20 | |
| Profit After Tax | 33.78 | 0.86 | 0.91 | 0.56 | (-0.46) | |
The objects of the Issue are-
1. Repayment of Unsecured Borrowings;
2. General Corporate Purpose;
3. Issue Expenses
[Dilip Davda]
Aggressive pricing couples with listless performance makes this issue a risky bet. Cash surplus risk savvy investors may consider it for long term at their own risk
Read detail review...The Mittal Life Style Ltd IPO is subscribed 1.47 times on March 21, 2018 5:00:00 PM. The public issue subscribed 0.58 times in the retail category, times in the QIB category, and 2.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.37 |
| Retail | 0.58 |
| Total | 1.47 |
| Listing Date | April 2, 2018 |
| BSE Script Code | |
| NSE Symbol | MITTAL |
| ISIN | INE997Y01019 |
| Final Issue Price | ₹21 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹21.00 |
| ₹21.00 |
| ₹21.00 |
| ₹21.00 |
| ₹21.00 |
Mittal Life Style Ltd
Unit No. 8/9, Ravikiran
Ground Floor, New Link Road,
Andheri (West), Mumbai � 400053
Phone: +91-22-26741792
Email: info@mittallifestyle.in
Website: http://www.mittallifestyle.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Mittal Life Style Ltd IPO is a SME IPO of 2,100,000 equity shares of the face value of ₹10 aggregating up to ₹4.41 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000 Shares.
The IPO opens on March 19, 2018, and closes on March 21, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Mittal Life Style Ltd IPO opens on March 19, 2018 and closes on March 21, 2018.
Mittal Life Style Ltd IPO lot size is 6000 Shares, and the minimum amount required is ₹126,000.
You can apply in Mittal Life Style Ltd 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 Mittal Life Style Ltd IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mittal Life Style Ltd IPO allotment status.
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