Momai Apparels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,814,400 (47%) | — | ₹1,633 Cr |
| Retail | — | 1,814,400 (47%) | — | ₹1,633 Cr |
| Market Maker | — | 193,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 3,822,400 (100%) | — | ₹34,402 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 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
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 Acquisition of Land ( for setting up New Manufacturing Facility) – 7.00
- 2 Long term working capital requirement – 24.00
- 3 Meet Issue Expenses – 2.70
- 4 General Corporate Purposes – 9.63
Company Overview
Incorporated in 2010, Momai Apparels Limited is subsidiary of Ashapura Intimates Fashion Ltd; a leading loungewear company; which is listed at BSE SME.
Momai Apparels is engaged in manufacturing of intimate garments. Company product line includes:
Lounge Wear (Under brand name 'Valentine' and 'NLine')
1. Loungewear for men, women, teenagers and toddlers
2. Bridal night wear and honeymoon sets
3. Bathrobes for men and women
4. Kids wear and Kids inner wear
Nighties & Bath robes (Under brand names 'N&D Night & Day')
1. Night wear
2. Maternity feeding night wear Bridal (two pieces)
3. Kids night wear
Sportswear (Under brand name 'Valentine Sports')
1. Sportswear and gym wear / yoga wear for both men and women
Company has a manufacturing facility at Bhiwandi, near Mumbai.