Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
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.
Milestone Furniture Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 165,000 | — | ₹0.74 Cr | — |
| TOTAL | 3,297,000 | 100.00% | ₹14.84 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |