Mittal Life Style Ltd IPO (Mittal Life Style Ltd IPO) Detail

Mar 19, 2018 - Mar 21, 2018

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.

Company Promoters:

Mr. Brijeshkumar Jagdishkumar Mittal, Mr. Pratik Brijeshkumar Mittal and JK Denim Fab Private Limited are the Promoters of the Company.

Mr. Brijeshkumar Jagdishkumar Mittal, Mr. Pratik Brijeshkumar Mittal and JK Denim Fab Private Limited hold 1,51,800, 1,50,000 and 23,60,000 Equity Shares of the company respectively.

Company Financials:

Summary of financial Information (Restated)
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)

Objects of the Issue:

The objects of the Issue are-

1. Repayment of Unsecured Borrowings;
2. General Corporate Purpose;
3. Issue Expenses

Mittal Life Style Ltd IPO Details

IPO DateMar 19, 2018 - Mar 21, 2018
Issue TypeFixed Price Issue IPO
Issue Size2,100,000 Eq Shares of ₹10
(aggregating up to ₹4.41 Cr)
Face Value₹10 Per Equity Share
IPO Price₹21 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtNSE SME

Mittal Life Style Ltd IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹126,000
Maximum16000₹126,000

Mittal Life Style Ltd IPO Subscription Status (Bidding Detail)

Mittal Life Style Ltd IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

990,000

990,000

1,980,000

Mar 21, 2018 17:00

2.37x

0.58x

1.47x

Mittal Life Style Ltd IPO Prospectus

Mittal Life Style Ltd IPO Rating

17
2.1
Rating:Rated 2.1 stars

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Mittal Life Style Ltd IPO Listing Date

Listing DateMonday, April 2, 2018
BSE Script Code
NSE SymbolMITTAL
Listing In
ISININE997Y01019
IPO Price₹21 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹21.00
Open:₹21.00
Low:₹21.00
High:₹21.00
Last Trade:₹21.00
Volume:6,000

Mittal Life Style Ltd IPO Reviews / Ratings

Company Contact Information

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

Mittal Life Style Ltd IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Mittal Life Style Ltd IPO FAQs

  1. 1. What is Mittal Life Style Ltd IPO?

    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 price of the IPO is ₹21 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Mar 19, 2018 and closes on Mar 21, 2018.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Mittal Life Style Ltd IPO will open?

    The Mittal Life Style Ltd IPO opens on Mar 19, 2018 and closes on Mar 21, 2018.

  3. 3. How to apply for Mittal Life Style Ltd IPO?

    Mittal Life Style Ltd IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Mittal Life Style Ltd IPO allotment?

    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.

  5. 5. When is Mittal Life Style Ltd IPO listing date?

    The Mittal Life Style Ltd IPO listing date is on Monday, April 2, 2018, at NSE SME.
  6. 6. What is the lot size of Mittal Life Style Ltd IPO?

    Mittal Life Style Ltd IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

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Mittal Life Style Ltd IPO Review / Comments

DownriteVJ
4. DownriteVJ  Mar 21, 2018 11:40
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Avoid this sme ipo.
IPOANALYSIS
3. IPOANALYSIS  Mar 19, 2018 15:42
ITS A FRAUD COMPANY.

Stock pandit
2. Stock pandit  Mar 19, 2018 13:05
WENT THROUGH ALL THERE BALANCE SHEETS THIS COMPAY SEEMS PERFECT EXAMPLE OF DUMPING THERE NPA, S IN PUBLIC MONEY WHATEVER UNRECOVERABLE DUES ARE THERE THEY HAVE SHOWN INN ASSETS AND ARE TRYING TO MONITIZE IT THERE IS NO FAIR VAUE TO IT THEY DONT HAVE ANY CONCRETE ASSETS AVOVE IT THEY HAVE HUGE BANK LOANS FAIR VALUE = 0
IPOANALYSIS
1. IPOANALYSIS  Mar 16, 2018 22:21
IT IS DISTRIBUTOR

WHEN GOOD ISSUES LIKE SARVESHWAR AND INFLAME NOT PERFORMING THIS STOCK WILL BE HAMMERED .

FAIR VALUE 10 RS.






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