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Mittal Life Style Limited Rights Issue (Mittal Life Style Rights Issue 2024) Detail

October 11, 2024 - October 21, 2024
Mittal Life Style Limited Logo

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:

  • Fashion fabrics
  • Cotton canvas denim
  • Dupion bottom fabric
  • Polyester fabric
  • Cotton fabrics
  • Knitted fabrics

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.

Mittal Life Style Rights Issue 2024 Detail

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

Mittal Life Style Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 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

Company Financials

Mittal Life Style Limited Financial Information (Restated Standalone)

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 Ended31 Mar 202431 Mar 2023
Assets37.8433.62
Revenue0.6763.57
Profit After Tax1.720.53
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. To augment the existing and incremental working capital requirement of the Company; and
  2. General Corporate Purposes.

Mittal Life Style Rights Issue 2024 Subscription Status

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 Rights Issue 2024 Documents

Mittal Life Style Rights Issue 2024 Rating

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Mittal Life Style Rights Issue 2024 Reviews

Company Contact Information

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/

Mittal Life Style Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Mittal Life Style Rights Issue 2024 Lead Manager(s)

Mittal Life Style Rights Issue 2024 FAQs

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 EntitlementsOctober 8, 2024
Last Date for renunciation of Rights EntitlementsOctober 16, 2024
Issue Opening DateOctober 11, 2024
Issue Closing DateOctober 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Mittal Life Style Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Mittal Life Style Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Mittal Life Style Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Mittal Life Style Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. JHUNJHUNWALA SAKET   I Like It. |Report Abuse|  Link|October 21, 2024 3:38:57 PMReply
All right issues are fraud and we have lost lakhs of Rs in Spright agro,Vinny,akshar spintex,and many more it's a pure fraud avoid right issue.Company are becoming thief and looting public
1. DKSoron   I Like It. |Report Abuse|  Link|October 3, 2024 10:56:40 AMReply
Why it's ex-price not adjusted today?

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