Mittal Life Style Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Mar 2018

Close Date

21 Mar 2018

Allotment

27 Mar 2018

Listing Date

02 Apr 2018

Exchange

NSE SME

Price Band

₹21

Listing Price

See chart

Allotment Status

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Price Band

₹21

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

21,00,000 shares (aggregating up to ₹4.41 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

49,50,000 shares

Promoters

Post-IPO Holding

70,50,000 shares

Promoters

UPI Deadline

2018-03-21

Mandate

Anchor AllotmentSun, 18 Mar 2018

Basis of AllotmentTue, 27 Mar 2018

Refund InitiationWed, 28 Mar 2018

Demat CreditWed, 28 Mar 2018

Listing DayMon, 02 Apr 2018

UPI Mandate Deadline2018-03-21

Sale TypeFresh Capital

Net Offer to Public19,80,000 shares (aggregating up to ₹4.16 Cr)

Market Maker Quota1,20,000 shares (aggregating up to ₹0.2520 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mittal Life Style Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Mar 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	120,000	—	₹0.25
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,100,000	100%	₹4.41

IPO Shares Offered

Mittal Life Style Ltd. IPO total issue size: ₹4.41 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	120,000	₹0.25	5.71%
Total	2,100,000	₹4.41	100.00%

* Based on upper price band ₹21 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹21.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹252,000
Retail (Max — 13 Lots)	13	78,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	84,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	408,000	₹8,568,000

* Issue Price ₹21 × Lot Size 6,000 shares

IPO Schedule

Anchor

18 Mar 2018

✓ Done

IPO Open

19 Mar 2018

✓ Done

IPO Close

21 Mar 2018

✓ Done

Allotment

27 Mar 2018

✓ Done

Refunds

28 Mar 2018

✓ Done

Demat Credit

28 Mar 2018

✓ Done

Listing Day

02 Apr 2018

✓ Done

₹21.00

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Issue ₹21.00 Live Price

About Mittal Life Style Ltd.

Incorporated in the year 2005, Mittal Life Style Ltd is a Mumbai based company dealing in Denim & Bottom weight Fabrics. The company is a prominent supplier of Fashion Fabrics, Cotton Canvas denims, Dupion bottom Fabrics, Polyester Fabrics, Cotton Fabric, knit fabrics etc. to the textile industry.The company has tied-up with about 16 Composite mills to get denim fabric manufactures as per its need and requirements. Some of the company's 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.Some of the competitive strengths of the company are-1. Existing relationship with suppliers2. Customer Centric Business Model3. Promoters and Experienced ManagementAs on October 30, 2017 Mittal Life Style had 12 Permanent employees.

Objects of the Issue

1 Repayment of Unsecured Borrowings

2 General Corporate Purpose

3 Issue Expenses

Mittal Life Style Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹4,635.1

31-Mar-15

₹5,904.1

31-Mar-16

₹7,856.8

31-Mar-17

Profit After Tax (PAT)

₹0.9

31-Mar-15

₹0.9

31-Mar-16

₹33.8

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	7856.78	5904.08	4635.07
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	33.78	0.86	0.91
Net Worth	N/A	N/A	N/A
Total Assets	1693.58	1270.97	919.01
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 Offered21,00,000 (100.00%)

Net Offer to Public19,80,000 shares (aggregating up to ₹4.16 Cr)

Reserved for Market Maker1,20,000 shares (aggregating up to ₹0.2520 Cr)

Pre-Issue Promoter Holding49,50,000 shares

Post-Issue Promoter Holding70,50,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Sarthi Capital Advisors Pvt.Ltd.

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

IPO Subscription FAQs

How much Mittal Life Style Ltd. IPO subscribed? ▲

Mittal Life Style Ltd. IPO is subscribed 1.00 times by Mar 21, 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 Mittal Life Style Ltd. IPO retail subscription status? ▼

The Mittal Life Style Ltd. IPO retail category is subscribed 1.00 times as of 21 Mar 2018. The retail portion is oversubscribed.

How to subscribe Mittal Life Style Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Mar 2018 and closes 21 Mar 2018. Min investment: ₹126,000 (1 lot = 6,000 shares). UPI mandate: 2018-03-21.

How many times Mittal Life Style Ltd. IPO subscribed? ▼

The Mittal Life Style Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mittal Life Style Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Mar 2018. Refunds: on 28 Mar 2018.

When Mittal Life Style Ltd. IPO will be listed? ▼

The Mittal Life Style Ltd. IPO listing date is 02 Apr 2018, Monday. Listed on: NSE SME. Issue price: ₹21. Estimated listing: ₹21. GMP: NIL.

When Mittal Life Style Ltd. IPO close? ▼

The Mittal Life Style Ltd. IPO closes on 21 Mar 2018, Wednesday. UPI mandate: 2018-03-21. Allotment: 27 Mar 2018. Listing: 02 Apr 2018.

Quick Actions

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Live Price LIVE

Last Price₹21.00

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Issue Price₹21.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹21

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹21

Subscribed1.00x

Open Date19 Mar 2018

Close Date21 Mar 2018

Allotment27 Mar 2018

Listing Date02 Apr 2018

ExchangeNSE SME

UPI Deadline2018-03-21