Mafia Trends IPO GMP, Review, Price, Allotment


Last updated on October 6, 2022

Mafia Trends IPO GMP

Mafia Trends IPO description – The company is in marketing and selling of Men’s & kids fashion such as Jeans, T-shirts, Shirts, Chinos, Formal trousers and Formal shirts, through a chain of clothing stores under the brand name Mafia. Its stores are in various small Indian towns and cities including Kalol, Vadodara, alongwith Ahmedabad. Outside of Ahmedabad, it has strategically placed itself in tier-2 & tier 3 cities, as it aims to penetrate its target market of young students, population belonging to transitioning class and middle-income groups who aspire to wear affordable fashionable outfits.

Mafria Trends follows the concept of ‘Value Retail’ as it aims to deliver maximum value-to-cost benefits for its customers. Its main office and legacy stores are based in Ahmedabad. It started operations in 2011 with first store named ‘Mafia Western Outfit’ at Ahmedabad, Gujarat, and currently operates 8 stores spread across 3 cities and one warehouse in Gujarat.

Mafia Stores

The company conducts ‘Above The Line’ (ATL) and ‘Below The Line’ (BTL) activities to create a pull towards the brand and store. As part of its retention strategy, it targets to create more occasions for consumers to shop by organize events like annual days (men’s day / father’s day), drawing, dancing and painting competitions, treasure hunts and talent hunts to increase the number of footfalls and the footfall conversion rate. It has entered into inter-promotional and cross-promotional advertising, influencer marketing activities with some of the film production houses for promoting the brand.

Promoters of Mafia Trends – Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit

Subscription Dates22 – 27 September 2022
Price BandINR28 per share
Fresh issue12,84,000 shares (INR 3.60 crore)
Offer For SaleNIL
Total IPO size12,84,000 shares (INR 3.60 crore)
Minimum bid (lot size)4,000 shares (INR1,12,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

 FY 2020FY 2021FY 2022
Net income0.4527.0081.79
Figures in INR Lakh unless specified otherwise

FY 2020FY 2021FY 2022
PE ratio2.14
RONW (%)0.2211.7623.95
EBITDA (%)0.9210.0915.98
Net margin (%)0.046.7411.43

DateConsolidated IPO GMPKostakSubject to Sauda

Shares Offered6,42,0006,42,00012,84,000
Day 12.010.641.33
Day 22.181.751.96
Day 32.192.812.50
Day 43.705.664.68
Subscription figures in number of times, at 5 PM

428, Gala Empire,
Near JB Tower, Drive in Road,
Thaltej, Ahmedabad-380 054
Gujarat, India
Phone: +91 87775 64648
Email: [email protected]

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200 
Email: [email protected]

1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015, Gujarat
Phone: +91 77780 43457
E-mail: [email protected]

Mafia Trends IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date22 September 2022
IPO Closing Date27 September 2022
Finalisation of Basis of Allotment30 September 2022
Initiation of refunds3 October 2022
Transfer of shares to demat accounts4 October 2022
Listing Date6 October 2022
Opening Price on BSE SMEINR32.65 per share (up 16.61%)
Closing Price on BSE SMEINR31.10 per share (up 11.07%)

What is Mafia Trends offer size?

Mafia Trends offer size is INR 3.60 crore.

What is Mafia Trends IPO Price Band?

Mafia Trends public offer price is INR28 per share.

What is the lot size of Mafia Trends IPO?

Mafia Trends offer lot size is 4,000 shares.

What is Mafia Trends IPO GMP today?

Mafia Trends IPO GMP today is NA per share.

What is Mafia Trends kostak rate today?

Mafia Trends kostak rate today is NA per application.

What is Mafia Trends Subject to Sauda rate today?

Mafia Trends Subject to Sauda rate today is NA per application.


Please enter your comment!
Please enter your name here