Mittal Life Style Rights Issue Date, Price, Allotment, Entitlement

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Mittal Life Style Rights Issue

Mittal Life Style Rights Issue is scheduled on 2024

Mittal Life Style proudly introduces itself as a renowned trading house specializing in Denim and Bottom Fabrics. The company is a leading supplier of Fashion Fabrics, Cotton Canvas Denims, Dupion Bottom Fabrics, Polyester Fabrics, Cotton Fabrics, Knit Fabrics, and more to the textile industry.

The company holds manufacturing rights for denim jeans under the brands “GERICHO LONDON,” “MITTALIER LONDON,” and “MCALLEN PARIS.” Since 2020, Mittal Life Style has been selling denim apparel under these brands on various e-commerce platforms, including Flipkart, Snapdeal, Amazon, Glowroad, Limeroad, Paytm, Meesho, Shopclues, and 2GUD. Some of the company’s regular suppliers include Arvind Ltd, Oswal Industries, Bhaskar Industries, and Jindal Denims. The company also has logistics partnerships with firms such as Arrow India Logistics, New India Logistics, Vikas Freight Carriers, and Shiv Krupa Transport Solution.

Mittal Life Style Rights Issue Record Date

Promoters of Mittal Life Style – Pratik Brijeshkumar Mittal, Brijeshkumar Jagdishkumar Mittal, and J K Denim Fab Private Limited


Mittal Life Style Rights Issue Details

Mittal Life Style Rights Issue DateComing soon
Mittal Life Style Rights Issue PriceINR 2 per share
Issue Size (in Shares)14,79,66,925 shares
Issue Size (in INR)INR 29.59 crore
Issue Entitlement1 equity shares for every 2 equity shares held on record date
Terms of PaymentFully payable at the time of application
Mittal Life Style Rights Issue Record Date3 October 2024
Face ValueINR 1 per share
Listing OnNSE

Mittal Life Style Rights Issue Calculation

Mittal Life Style Rights Issue PriceINR 2 per share
Market Price on Rights Issue ApprovalINR 2.14 per share
Dilution Factor (X)1.5
Fair Value After Dilution at Prevailing PriceINR 2.09 per share

Mittal Life Style Financial Performance

 FY 2022FY 2023FY 2024
Revenue51.8263.5767.38
Expenses51.4762.9366.41
OPM (%)0.681.011.44
Net income0.170.521.72
ROCE (%)1.572.302.23
Figures in INR Crores unless specified otherwise

Mittal Life Style Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective

  • To augment the existing and incremental working capital requirement of the company
  • General Corporate Purposes

Mittal Life Style Rights Offer Documents


Mittal Life Style Rights Issue Dates

Rights Issue Approval Date4 July 2024
Rights Issue Record Date3 October 2024
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Mittal Life Style Rights Offer Lead Manager

SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com


Mittal Life Style Rights Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200/22
Email:  [email protected]
Website: www.bigshareonline.com


Mittal Life Style Issue Contact Details

MITTAL LIFE STYLE LIMITED
Unit No. 8/9, Ravikiran, Ground Floor, New Link Road,
Andheri (West), Mumbai – 400 053, Maharashtra
Phone: 022 26741787 / 26741792
E-mail: [email protected]
Website: www.mittallifestyle.in


Mittal Life Style Rights Offer FAQs

What is the Mittal Life Style Rights Issue Price?

The issue price is INR 2 per share.

What is the Mittal Life Style Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.

What is the Mittal Life Style Rights Issue Record Date?

The Record date is 3 October 2024.

How to Apply in Mittal Life Style Rights Offer?

The best way to apply in the Mittal Life Style Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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