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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 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

Mittal Life Style Ltd IPO Date Mar 19, 2018 to Mar 21, 2018
Mittal Life Style Ltd IPO Face Value ₹10 per share
Mittal Life Style Ltd IPO Price ₹21 per share
Mittal Life Style Ltd IPO Lot Size 6000 Shares
Issue Size2,100,000 shares of ₹10
(aggregating up to ₹4.41 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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.

Mittal Life Style Ltd IPO Lot Size

The Mittal Life Style Ltd IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹126,000
Retail (Max) 1 6000 ₹126,000

Mittal Life Style Ltd IPO Review

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...


Mittal Life Style Ltd IPO Subscription Status (Bidding Detail)

The Mittal Life Style Ltd IPO is subscribed 1.47 times on Mar 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)

CategorySubscription (times)
NII2.37
Retail0.58
Total1.47

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 Date Monday, April 2, 2018
BSE Script Code
NSE Symbol MITTAL
Listing In
ISIN INE997Y01019
IPO Price ₹21 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹21.00
Open: ₹21.00
Low: ₹21.00
High: ₹21.00
Last Trade: ₹21.00

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

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

Mittal Life Style Ltd IPO Review

Mittal Life Style Ltd IPO Recommendation Summary

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Members 0 0 0

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Mittal Life Style Ltd IPO FAQs

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 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.

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

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

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, Edelweiss, 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.

The Mittal Life Style Ltd IPO listing date is on Monday, April 2, 2018.
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Mittal Life Style Ltd IPO Message Board

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4 Comments

4. DownriteVJ |   Link |Mar 21, 2018 11:40:11 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid this sme ipo.
3. IPOANALYSIS |   Link |Mar 19, 2018 3:42:47 PM
ITS A FRAUD COMPANY.

2. Stock pandit |   Link |Mar 19, 2018 1:05:16 PM
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
1. IPOANALYSIS |   Link |Mar 16, 2018 10:21:06 PM
IT IS DISTRIBUTOR

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

FAIR VALUE 10 RS.