Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Thu, Sep 22, 2022 - Tue, Sep 27, 2022
Mafia Trends IPO is a fixed price issue of ₹3.60 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹3.60 crore.
Mafia Trends IPO bidding started from Sep 22, 2022 and ended on Sep 27, 2022. The allotment for Mafia Trends IPO was finalized on Sep 30, 2022. The shares got listed on BSE SME on Oct 6, 2022.
Mafia Trends IPO price is ₹28 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Mafia Trends IPO RHP for detailed Information.
IPO Open
Thu, Sep 22, 2022
IPO Close
Tue, Sep 27, 2022
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹12.41 Cr
| IPO Date | 22 to 27 Sep, 2022 |
| Listed on | Thu, Oct 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,84,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 68,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.1904 Cr) |
| Fresh Issue (Ex Market Maker) | 12,16,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 12,16,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 31,49,550 shares |
| Share Holding Post Issue | 44,33,550 shares |
| BSE Script Code | 543613 |
| ISIN | INE0KQQ01011 |
Mafia Trends IPO comprises a total issue size of 12,84,000 shares. The net offer to the public is 12,16,000 shares, after excluding 68,000 shares allotted on a firm basis. Of the Net offer 6,08,000 (50.00%) allocated to NII 6,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,08,000 | 50.00% | 47.35% |
| Retail Shares Offered | 6,08,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 68,000 | 5.30% | |
| Total Shares Offered | 12,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
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 :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 10.63 | 8.01 | 11.54 | 10.31 |
| Total Income | 7.15 | 4.01 | 11.48 | 12.82 |
| Profit After Tax | 0.82 | 0.27 | 0.00 | 0.22 |
| NET Worth | 3.42 | 2.30 | 2.03 | 2.02 |
| Reserves and Surplus | 2.72 | 1.67 | 1.40 | 1.40 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 3.06 |
| KPI | |
|---|---|
| RoNW | 23.95 |
| PAT Margin | 11.43% |
| EBITDA Margin | 15.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.09 | |
| P/E (x) | 15.21 | |
| Promoter Holding | 87.42% | |
| Market Cap | ₹12.41 Cr. |
The Mafia Trends IPO is subscribed 4.94 times on September 27, 2022 6:58:00 PM (Day 4). The public issue subscribed 5.97 times in the retail category, [.] times in the QIB category, and 3.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.91 | 6,08,000 | 23,76,000 |
| Retail | 5.97 | 6,08,000 | 36,32,000 |
| Total | 4.94 | 12,16,000 | 60,08,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees and Market Making fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.48 |
| 2 | Advertising and Marketing Expenses | 0.01 |
| 3 | Fees payable to the to the Regulators including stock exchange(s) | 0.04 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 5 | Brokerage and selling commission | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹32.65 |
| Low | ₹31.05 |
| High | ₹32.65 |
| Last Trade | ₹31.10 |
Lead Manager Reports
Mafia Trends IPO is a SME IPO of 12,84,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Sep 22, 2022, and closes on Tue, Sep 27, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mafia Trends IPO using UPI as a payment gateway. Zerodha customers can apply in Mafia Trends IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mafia Trends IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mafia Trends IPO opens on Thu, Sep 22, 2022 and closes on Tue, Sep 27, 2022.
Mafia Trends IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Mafia Trends IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mafia Trends IPO will be done on Friday, September 30, 2022, and the allotted shares will be credited to your demat account by Tue, Oct 4, 2022. Check the Mafia Trends IPO allotment status.
The Mafia Trends IPO listing date is on Thu, Oct 6, 2022.
