Mittal Life Style Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 990,000 (47%) | — | ₹208 Cr |
| Retail | — | 990,000 (47%) | — | ₹208 Cr |
| Market Maker | — | 120,000 (6%) | — | ₹3 Cr |
| Σ Total | — | 2,100,000 (100%) | — | ₹4,410 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹126,000 |
| Retail (Max) | 13 | 78,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,442,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 7,857 | 5,904 | 4,635 |
| Profit After Tax | 34 | 1 | 1 |
| Total Assets | 1,694 | 1,271 | 919 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of Unsecured Borrowings – 2.91
- 2 General Corporate Purpose – 1.05
- 3 Issue Expenses – 0.45
Company Overview
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.