Milestone Furniture IPO is set to make its debut on 8th May 18 with 7.99 Cr is engaged in the manufacturing and marketing of Interior and Modular Furniture business.
Milestone Furniture IPO – overview
| IPO Dates | 8-14 May 18 |
| IPO Price | INR 36 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,220,000 shares (INR 7.99 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Milestone Furniture IPO – Tentative Dates
| IPO Offer Opening Date | 7 May 2018 |
| IPO Closing Date | 11 May 2018 |
| Finalization of Basis of Allotment | 16 May 2018 |
| Initiation of refunds | 17 May 2018 |
| Transfer of shares to demat accounts | 18 May 2018 |
| IPO Listing Date | 21 May 2018 |
Company Overview
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 also
developed 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 various combination and size products in Sakinaka, Mumbai. The Company currently has 70 employees on its payroll.
Objects of the Issue
1. To meet the working capital requirement, and
2. To meet the expenses of the Issue
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 53,160,563 | 23,014,900 | 21,710,118 |
| Total Revenue | 89,467,999 | 55,175,651 | 33,229,409 |
| Profit After Tax | 3,247,677 | 1,989,136 | 542,472 |
Company Contact Information
Milestone Furniture Limited
1 st Floor, Aslam Compound Shree Nagar,
Behind Boghul House, Chandivali Road
Sakinaka, Mumbai, Maharashtra – 400072
Phone: 022- 28581499 / 28578954
Email: admin@milestonefurniture.com
Website: http://www.milestonegroup.asia
Milestone Furniture IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Milestone Furniture IPO Lead Manager(s)
- Monarch Networth Capital Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
