Milestone Furniture Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

07 May 2018

Close Date

11 May 2018

Allotment

16 May 2018

Listing Date

21 May 2018

Exchange

BSE SME

Price Band

₹45

Listing Price

See chart

Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

32,97,000 shares (aggregating up to ₹14.84 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

60,00,000 shares

Promoters

Post-IPO Holding

92,97,000 shares

Promoters

UPI Deadline

2018-05-11

Mandate

Anchor AllotmentSun, 06 May 2018

Basis of AllotmentWed, 16 May 2018

Refund InitiationThu, 17 May 2018

Demat CreditFri, 18 May 2018

Listing DayMon, 21 May 2018

UPI Mandate Deadline2018-05-11

Sale TypeFresh Capital

Net Offer to Public31,32,000 shares (aggregating up to ₹14.09 Cr)

Market Maker Quota1,65,000 shares (aggregating up to ₹0.7425 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Milestone Furniture Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 May 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	165,000	—	₹0.74
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,297,000	100%	₹14.84

IPO Shares Offered

Milestone Furniture Ltd. IPO total issue size: ₹14.84 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	165,000	₹0.74	5.00%
Total	3,297,000	₹14.84	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

06 May 2018

✓ Done

IPO Open

07 May 2018

✓ Done

IPO Close

11 May 2018

✓ Done

Allotment

16 May 2018

✓ Done

Refunds

17 May 2018

✓ Done

Demat Credit

18 May 2018

✓ Done

Listing Day

21 May 2018

✓ Done

₹45.00

INR · BSE

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Issue ₹45.00 Live Price

About Milestone Furniture Ltd.

Incorporated in 2014, Mumbai based Milestone Furniture Limited is engaged in the manufacturing and marketing of Interior and Modular Furniture business.The company has developed expertise in Space & workstation Management, designing and innovation in Furniture used in Education, Healthcare and Corporate organization. It alsodeveloped the In-house technical & Design team to provide turnkey solutions and implementation of interior and workspace in Commercial, Residential and Institutions. It has developed an In-house team of professionals for design, drawing, and space management interiors suitable and specification of client needs.Milestone has a high tech manufacturing equipment and Design facility to manufacture the various combination and size products in Sakinaka, Mumbai. The Company currently has 70 employees on its payroll.

Objects of the Issue

1 To set up the manufacturing facility to manufacture the modular and innovative furniture

2 Working Capital Requirement

3 General Corporate Expenses

Milestone Furniture Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹33,229,409.0

31-Mar-15

₹55,175,651.0

31-Mar-16

₹89,467,999.0

31-Mar-17

Profit After Tax (PAT)

₹542,472.0

31-Mar-15

₹1,989,136.0

31-Mar-16

₹3,247,677.0

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	89467999.00	55175651.00	33229409.00
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	3247677.00	1989136.00	542472.00
Net Worth	N/A	N/A	N/A
Total Assets	53160563.00	23014900.00	21710118.00
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered32,97,000 (100.00%)

Net Offer to Public31,32,000 shares (aggregating up to ₹14.09 Cr)

Reserved for Market Maker1,65,000 shares (aggregating up to ₹0.7425 Cr)

Pre-Issue Promoter Holding60,00,000 shares

Post-Issue Promoter Holding92,97,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Monarch Networth Capital Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Milestone Furniture Ltd. IPO subscribed? ▲

Milestone Furniture Ltd. IPO is subscribed 1.00 times by May 11, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Milestone Furniture Ltd. IPO retail subscription status? ▼

The Milestone Furniture Ltd. IPO retail category is subscribed 1.00 times as of 11 May 2018. The retail portion is oversubscribed.

How to subscribe Milestone Furniture Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 May 2018 and closes 11 May 2018. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2018-05-11.

How many times Milestone Furniture Ltd. IPO subscribed? ▼

The Milestone Furniture Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Milestone Furniture Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 16 May 2018. Refunds: on 17 May 2018.

When Milestone Furniture Ltd. IPO will be listed? ▼

The Milestone Furniture Ltd. IPO listing date is 21 May 2018, Monday. Listed on: BSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Milestone Furniture Ltd. IPO close? ▼

The Milestone Furniture Ltd. IPO closes on 11 May 2018, Friday. UPI mandate: 2018-05-11. Allotment: 16 May 2018. Listing: 21 May 2018.

Quick Actions

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Live Price LIVE

Last Price₹45.00

Change—

Issue Price₹45.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date07 May 2018

Close Date11 May 2018

Allotment16 May 2018

Listing Date21 May 2018

ExchangeBSE SME

UPI Deadline2018-05-11