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Mittal Life Style Limited was founded in 2005 and is a trading company that deals in denim and base fabrics.
Mittal Life Style supplies its fabric products to various companies in the textile industry and these products include:
The company has the rights to manufacture denim jeans for brands such as "GERICHO LONDON", "MITTALIER LONDON" and "MCALLEN PARIS" and offers its products both offline and online. Customers can find these products online on digital marketplaces like Glowroad, Snapdeal, Amazon, Limeroad, Flipkart, Meesho, Shopclues, Paytm, 2GUD, etc.
Issue Open | October 11, 2024 - October 21, 2024 |
Security Name | Mittal Life Style Limited |
Issue Size (Shares) | 147,966,925 |
Issue Size (Amount) | ₹29.59 Crores |
Issue Price | ₹2 per share |
Face Value | ₹1 per share |
Listing At | NSE |
Terms of Payment | The full amount of Rs. 2/- is payable at the time of application. |
Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | October 1, 2024 |
Record Date | October 3, 2024 |
Credit of Rights Entitlements | October 8, 2024 |
Bid/Offer Opens On | October 11, 2024 |
Renunciation of Rights Entitlements | October 16, 2024 |
Bid/Offer Closes On | October 21, 2024 |
Deemed Date of Allotment | October 31, 2024 |
Credit Date | November 5, 2024 |
Listing Date | November 7, 2024 |
Mittal Life Style Limited's revenue decreased by -98.94% and profit after tax (PAT) rose by 226.38% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 |
Assets | 37.84 | 33.62 |
Revenue | 0.67 | 63.57 |
Profit After Tax | 1.72 | 0.53 |
Amount in ₹ Crore |
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
Mittal Life Style Rights Issue 2024 got oversubscribed by 1.11 times by the end of the bidding period with total bid quantity received by NSE of 164,278,299 shares.
Mittal Life Style Limited
Unit No. 8/9, Ravi Kiran,
New Link Road, Andheri (West),
Mumbai - 400053
Phone: +022 26741787
Email: info@mittallifestyle.in
Website: http://www.mittallifestyle.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Mittal Life Style Rights Issue 2024 opens on October 11, 2024, and closes on October 21, 2024.
Mittal Life Style Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | October 8, 2024 |
Last Date for renunciation of Rights Entitlements | October 16, 2024 |
Issue Opening Date | October 11, 2024 |
Issue Closing Date | October 21, 2024 |
Date of Allotment (on or about) | October 31, 2024 |
Date of Credit (on or about) | November 5, 2024 |
Date of Listing (on or about) | November 7, 2024 |
Mittal Life Style Rights Issue 2024 price is set at ₹2 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (October 3, 2024).
The record date for the Mittal Life Style Rights Issue 2024 is October 3, 2024.
The issue size of Mittal Life Style Rights Issue 2024 is of 147,966,925 equity shares at ₹2 per share aggregating upto ₹29.59 Crores.
The Letter of Offer for Mittal Life Style Rights Issue 2024 can be download here.
You can apply for Mittal Life Style Rights Issue 2024 in two ways:
Steps to apply for Mittal Life Style Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Mittal Life Style Rights Issue 2024 using Registrar's website (R-WAP)
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