₹14.93 Crores | Listing at NSE | Wed, Feb 22, 2023 - Fri, Mar 3, 2023
Mittal Life Style Limited Rights Issue comprises 1.49 Cr equity shares aggregating to ₹14.93 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 13, 2023.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 17, 2023.
The Rights Issue opens on Feb 22, 2023 and closes on Mar 3, 2023.
The deemed date of allotment is Mar 14, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 17, 2023 and listed on the NSE on Mar 22, 2023.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Mittal Life Style Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Feb 13, 2023
Entitlement Ratio
:
Open Date
Wed, Feb 22, 2023
Close Date
Fri, Mar 3, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 26.57 | 53.22 | 0.26 | 13.66 |
| 31-Mar-22 | 19.61 | 52.55 | 0.18 | 16.02 |
| Amount in ₹ Crore | ||||
Incorporated in 2005, Mittal Life Style Limited is a trading house, dealing in Denim and Bottom Fabrics. The company was founded by Brijeshkumar Jagdishkumar Mittal with a passion for denim and years of experience in the denim fabric market.
The company brings out the versatile nature and durability of the fabric and presents its customers with high-quality material. Mittal Life Style supplies its fabric products to various businesses in the textile industry and these products include:
With denim jeans manufacturing rights for brands like "GERICHO LONDON", "MITTALIER LONDON" and "MCALLEN PARIS", the company is offering its offerings offline as well as online. Customers can find these products online on digital market platforms like Glowroad, Snapdeal, Amazon, Limeroad, Flipkart, Meesho, Shopclues, PayTM, 2GUD, etc.
Two generations of the Mittal family are engaged in growing the business and realizing its potential with flexible and responsive trading operations. Today, the entity has one of the biggest stock-supported ranges of denim fabrics available in India having more than 100 regular sorts stocked.
Some of the distinctive features of the company are:
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] MLSL’s financial track record so far is non-illusive. Its earning capacities may pose an issue for servicing the doubling equity post-RI. Well-informed/cash surplus investors may park funds in this at par offer. Read detail review...
Mittal Life Style Limited
Unit No. 8/9, Ravikiran,
Ground Floor, New Link Road, Andheri (West),
Mumbai – 400 053
Mumbai, Maharashtra, 400053
The Mittal Life Style Rights Issue 2023 opens on Wed, Feb 22, 2023, and closes on Fri, Mar 3, 2023.
Mittal Life Style Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, Feb 17, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 27, 2023 |
| Issue Opening Date | Wed, Feb 22, 2023 |
| Issue Closing Date | Fri, Mar 3, 2023 |
| Date of Allotment (on or about) | Tue, Mar 14, 2023 |
| Date of Credit (on or about) | Fri, Mar 17, 2023 |
| Date of Listing (on or about) | Wed, Mar 22, 2023 |
You can apply for Mittal Life Style Rights Issue 2023 in two ways:
Steps to apply for Mittal Life Style Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Mittal Life Style Rights Issue 2023 using Registrar's website (R-WAP)
