₹46.98 Crores | Listing at BSE | Wed, Apr 30, 2025 - Wed, May 14, 2025
Garment Mantra Lifestyle Limited Rights Issue comprises 39.15 Cr equity shares aggregating to ₹46.98 Cr, offered at an issue price of ₹1.2 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Apr 17, 2025, with the Rights Issue being offered in the entitlement ratio of 39 : 20.
The term of payment is defined as following : 25.00% of the amount shall be payable at the time of the application, and the rest 75.00% of the amount shall be payable on two or more subsequent calls as may be decided by the board.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 19, 2025.
The Rights Issue opens on Apr 30, 2025, and closes on May 14, 2025, with renunciation of Rights Entitlements permitted up to May 9, 2025.
The deemed date of allotment is May 19, 2025, following which the equity shares are expected to be credited to demat accounts on May 21, 2025 and listed at the BSE on May 23, 2025.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Garment Mantra Lifestyle Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 17, 2025
Entitlement Ratio
39 : 20
Open Date
Wed, Apr 30, 2025
Close Date
Wed, May 14, 2025
25.00% of the amount shall be payable at the time of the application, and the rest 75.00% of the amount shall be payable on two or more subsequent calls as may be decided by the board.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 149.12 | 99.7 | 101.12 |
| Revenue | 164.28 | 172.24 | 204.11 |
| Profit After Tax | 2.47 | 0.92 | 3.58 |
| Net Worth | 37.18 | 35.03 | 35.94 |
| Reserves and Surplus | 27.18 | 24.54 | 24.29 |
| Total Borrowing | 78 | 0.04 | 43.64 |
| Amount in ₹ Crore | |||
Incorporated in 2011, Garment Mantra Lifestyle Limited is engaged in the business of manufacturing, trading, and supplying a wide range of ready-made garments.
The company primarily deals in men’s, women’s, and kids’ apparel and operates through multiple brands catering to diverse customer segments.
With a focus on quality, affordability, and trendy fashion, the company serves both wholesale and retail markets across India. Its strong supply chain, manufacturing capabilities, and brand presence help deliver stylish and comfortable clothing to a broad customer base.
The company has approximately 26,016 sq. ft. size area manufacturing plant located at Nethaji Apparel Park, Tirupur, Tamil Nadu i.e, in the city of “Knit City of India”.
As on November 30, 2024, the company has 21 full-time employees and 9 temporary employees at the registered office, Corporate Office and manufacturing premises.
The Company intend to utilize the proceeds of the Issue, towards the following objects:
[Dilip Davda] GMLL is engaged in the garment manufacturing/trading and selling for all ages. It gets major work done on third party contract basis. The company posted inconsistency in its financial performance for reported periods. Based on its financial data, the issue appears fully priced. Nearly threefold equity base post-RI may face its servicing issue. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Garment Mantra Lifestyle Rights Issue 2025 got oversubscribed by 1.21 times by the end of the bidding period with total bid quantity received by BSE of 47,34,45,003 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 14 2025 17:00:00 | 47,34,45,003 | 1.21x |
Garment Mantra Lifestyle Limited
No. 15, Murthy’s Plaza,
Karia Gounder Street,
Khaderpet, Tirupur – 641 601,
The Garment Mantra Lifestyle Rights Issue 2025 opens on Wed, Apr 30, 2025, and closes on Wed, May 14, 2025.
Garment Mantra Lifestyle Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Wed, Apr 23, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, May 9, 2025 |
| Issue Opening Date | Wed, Apr 30, 2025 |
| Issue Closing Date | Wed, May 14, 2025 |
| Date of Allotment (on or about) | Mon, May 19, 2025 |
| Date of Credit (on or about) | Wed, May 21, 2025 |
| Date of Listing (on or about) | Fri, May 23, 2025 |
You can apply for Garment Mantra Lifestyle Rights Issue 2025 in two ways:
Steps to apply for Garment Mantra Lifestyle Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Garment Mantra Lifestyle Rights Issue 2025 using Registrar's website (R-WAP)
