Mittal Lifestyle IPO is set to make its debut on 22 March 18 with 21.20 cr is a Mumbai-based company dealing in Denim & Bottom weight Fabrics.
Mittal Lifestyle IPO – overview
| IPO Dates | 19-21 March 18 |
| IPO Price | INR 21 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,100,000 shares (INR 4.41 crore) |
| Minimum bid (lot size) | 6000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in the year 2005, Mittal Lifestyle 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.
Competitive strengths of the company
1. Existing relationship with suppliers
2. Customer Centric Business Model
3. Promoters and Experienced Management
Objects of the Issue
1. Repayment of Unsecured Borrowings;
2. General Corporate Purpose;
3. Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 1693.58 | 1270.97 | 919.01 |
| Total Revenue | 7856.78 | 5904.08 | 4635.07 |
| Profit After Tax | 33.78 | 0.86 | 0.91 |
Company Contact Information
Mittal Life Style Ltd
Unit No. 8/9, Ravikiran
Ground Floor, New Link Road,
Andheri (West), Mumbai � 400053
Phone: +91-22-26741792
Email: info@mittallifestyle.in
Website: http://www.mittallifestyle.in
Mittal Life Style Ltd IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Mittal Life Style Ltd IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
