Mafia Trends Limited IPO Detail
Incorporated in 2017, Mafia Trends Limited is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts.
Mafia is a fashion brand that provides affordable outfits yet premium. The company's business is based on the primary concept of 'Value Retailing' following which the company aim to provide the latest fashion trends in apparel and non-apparels for men with an added focus on the demands of the youth and young generation.
The total revenue for 2020-21 is Rs 400.80 lacs and for April 01, 2021 to January 31, 2022 is Rs 620.16 lacs.
Competitive Strengths :
- First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group.
- Competitive lease rentals.
- Strong and diversified procurement network.
- Efficient supply chain management.
- Value Addition to our products
- Strong IT infrastructure, systems and processes
- One-stop shop with a large variety of products, adopting store Concept Classification, customised for the local populace.
Company Promoters
Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit are the company promoters.IPO Details
| IPO Opening Date | Sep 22, 2022 |
| IPO Closing Date | Sep 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹28 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹3.60 Cr |
| Fresh Issue | 1,284,000 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.01x | 0.64x | 1.33x | |
| Day 2 | - | - | 2.18x | 1.75x | 1.96x | |
| Day 3 | - | - | 2.31x | 2.97x | 2.64x | |
| Day 4 | - | - | 3.91x | 5.97x | 4.94x |
IPO Tentative Timetable
The Mafia Trends Limited IPO open date is Sep 22, 2022, and the close date is Sep 27, 2022. The issue may list on Oct 06, 2022.
| IPO Open Date | Sep 22, 2022 |
| IPO Close Date | Sep 27, 2022 |
| Basis of Allotment Date | Sep 30, 2022 |
| Initiation of Refunds | Oct 03, 2022 |
| Credit of Shares to Demat Account | Oct 04, 2022 |
| IPO Listing Date | Oct 06, 2022 |
IPO Lot Size
The Mafia Trends Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹112000 |
| Maximum | 1 | 4000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 87.42% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1154.18 | 1147.86 | 0.45 |
| 31-Mar-21 | 801.43 | 400.8 | 27 |
| 31-Mar-22 | 1062.72 | 715.28 | 81.79 |
Objects of the Issue:
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Funding the working capital requirements of the company
b) General Corporate Purposes
Mafia Trends Limited IPO Registrar:
Link Intime India Private Ltd
Mafia Trends Limited IPO Lead Manager(s):
GYR Capital Advisors Limited (Past IPO Performance)
Company Contact Information:
Mafia Trends Limited
1, Prabhu Kutir Complex, Sandesh Press Road, Vastrapur
Ahmedabad
Gujarat
