Business description – Mittal Life Style is a trading house dealing in Denim Fabrics. For providing different types and quality of denim fabric, the company has tied-up with about 16 composite mills to get denim fabric manufactures as per need and requirements. Some of our 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. These include Sainath Roadways Private limited, New India Logistics, Supreme Transport Organization Private Limited.
Promoters of Mittal Life Style – Mr. Brijeshkumar Jagdishkumar Mittal, Mr. Pratik Brijeshkumar Mittal and JK Denim Fab Private Limited
| Mittal Life Style IPO details | |
| Subscription Dates | 19 – 21 March 2018 |
| IPO Price band | INR21 per share |
| Fresh issue | 2,100,000 shares (INR4.41 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,100,000 shares (INR4.41 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Repayment of Unsecured Borrowings – INR2.91 crore
- General Corporate Purpose – INR1.05 crore
- Issue expenses – INR0.45 crore
| Mittal Life Style’s financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 2,527.2 | 3,232.1 | 4,635.1 | 5,904.1 | 7,856.8 | 4,379.5 |
| Total expenses | 2,526.8 | 3,231.3 | 4,633.7 | 5,903.0 | 7,808.1 | 4,324.0 |
| Profit after tax | -0.5 | 0.6 | 0.9 | 0.9 | 33.8 | 30.5 |
Mittal Life Style’s Contact Details
Mittal Life Style Limited
Unit No. 8/9, Ravikiran
Ground Floor, New Link Road
Andheri (West), Mumbai – 400053
Phone: +91 22 2674 1792
Email: [email protected]
Website: www.mittallifestyle.in
Mittal Life Style IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.27 |
| Day 2 | 1.20 |
| Day 3 | 1.39 |
Mittal Life Style Valuation (Latest FY)
Earnings Per Share (EPS): INR0.68
Price/Earnings (P/E) ratio: 30.88
Return on Net Worth (RONW): 6.42%
Net Asset Value (NAV): INR10.62 per share
Registrar of Mittal Life Style IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Mittal Life Style IPO Allotment Status
Mittal Life Style IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Mittal Life Style
IPO Opening Date: 19 March 2018
IPO Closing Date: 21 March 2018
Listing Date: 2 April 2018
Listing Price on NSE SME:Â INR21 per share (no change from IPO price)
Closing Price on NSE SME:Â INR21 per share (no change from IPO price)
