Issue Price
₹21
Per Share
GMP
NIL
Grey Market
Est. Listing
₹21
Expected Price
Min. Application
₹252,000
2 lots × 6000 shares
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.
Mittal Life Style Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 120,000 | — | ₹0.25 Cr | — |
| TOTAL | 2,100,000 | 100.00% | ₹4.41 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹126,000 |
| Retail (Max) | 13 | 78,000 | ₹1,638,000 |
| sNII (Min) | 14 | 84,000 | ₹1,764,000 |
| bNII (Min) | 68 | 408,000 | ₹8,568,000 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |