IPO Issue Details
Issue Price / Price Band₹28 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size12,84,000 shares (aggregating up to ₹3.60 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 22 Sep 2022
Subscription CloseTue, 27 Sep 2022
Anchor AllotmentWed, 21 Sep 2022
Basis of AllotmentFri, 30 Sep 2022
Initiation of RefundsMon, 03 Oct 2022
Credit of Shares to DematTue, 04 Oct 2022
Listing DateThu, 06 Oct 2022
UPI Mandate Deadline2022-09-27
Application & Investment Details
Retail — Min (1 Lots)₹1,12,000 — 4,000 shares
Retail — Max (13 Lots)₹1,456,000 (13 Lots)
HNI — Min (2 Lots)₹2,24,000 — 8,000 shares
P/E Ratio (Pre-IPO)15.21x
Net Offer to Public12,16,000 shares (aggregating up to ₹3.40 Cr)
Reserved for Market Maker68,000 shares (aggregating up to ₹0.1904 Cr)
Pre-IPO Promoter Holding31,49,550 shares
Post-IPO Promoter Holding44,33,550 shares
About Mafia Trends Ltd.
Incorporated in 2017, Mafia Trends Limited is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts.Mafia is a fashion brand that provides affordable outfits yet premium. The company's business is based on the primary concept of 'Value Retailing' following which the company aim to provide the latest fashion trends in apparel and non-apparels for men with an added focus on the demands of the youth and young generation.The total revenue for 2020-21 is Rs 400.80 lacs and for April 01, 2021 to January 31, 2022 is Rs 620.16 lacs.Competitive Strengths :First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group.Competitive lease rentals.Strong and diversified procurement network.Efficient supply chain management.Value Addition to our productsStrong IT infrastructure, systems and processesOne-stop shop with a large variety of products, adopting store Concept Classification, customised for the local populace.
Objects of the Issue
Mafia Trends Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding the working capital requirements of the company
3.06
Shareholding & Lock-in
Pre-IPO Promoter Holding
31,49,550 shares
Post-IPO Promoter Holding
44,33,550 shares