Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹28.00 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). The minimum lot size investment for 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 Date | September 22, 2022 to September 27, 2022 |
| Listing Date | October 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,84,000 shares (aggregating up to ₹3.60 Cr) |
| Reserved for Market Maker | 68,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.1904 Cr) |
| Net Offered to Public | 12,16,000 shares (aggregating up to ₹3.40 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 31,49,550 shares |
| Share Holding Post Issue | 44,33,550 shares |
Mafia Trends IPO offers total 12,84,000 shares. Out of which 6,08,000 (47.35%) allocated to NII, 6,08,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 68,000 (5.30%) |
| NII (HNI) Shares Offered | 6,08,000 (47.35%) |
| Retail Shares Offered | 6,08,000 (47.35%) |
| Total Shares Offered | 12,84,000 (100.00%) |
Mafia Trends IPO opens on September 22, 2022, and closes on September 27, 2022.
| IPO Open Date | Thu, Sep 22, 2022 |
| IPO Close Date | Tue, Sep 27, 2022 |
| Tentative Allotment | Fri, Sep 30, 2022 |
| Initiation of Refunds | Mon, Oct 3, 2022 |
| Credit of Shares to Demat | Tue, Oct 4, 2022 |
| Tentative Listing Date | Thu, Oct 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 27, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1031.1 | 1282.33 | 22.02 | 202.19 | 139.75 |
| 31-Mar-20 | 1154.18 | 1147.86 | 0.45 | 202.64 | 140.2 |
| 31-Mar-21 | 801.43 | 400.8 | 27 | 229.64 | 167.2 |
| 31-Mar-22 | 1062.72 | 715.28 | 81.79 | 341.56 | 271.57 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Mafia Trends IPO is ₹12.41 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.21 |
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Funding the working capital requirements of the company
b) General Corporate Purposes
[Dilip Davda] MTL is operating in a highly competitive and fragmented segment. It has posted an average performance so far. Super profits for FY22 appear to be a window dressing in a pre-IPO year to pave the way for the asking price. On the basis of the issue price, it has given data on the pre-bonus capital base, which is perhaps an eyewash. With such bumper earnings, its asking price indicates a fully priced issue. A small equity base post IPO indicates longer gestation for migration. There is no harm in skipping this issue. Read detail review...
| Listing Date | October 6, 2022 |
| BSE Script Code | 543613 |
| NSE Symbol | |
| ISIN | INE0KQQ01011 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹32.65 |
| Low | ₹31.05 |
| High | ₹32.65 |
| Last Trade | ₹31.10 |
Mafia Trends Ltd.
1, Prabhu Kutir Complex,
Sandesh Press Road,
Vastrapur
Ahmedabad, Gujarat, 380015
Phone: +91 77780 43457
Email: grievance@mafiastores.com
Website: http://www.mafiastores.com/index.html
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mafia.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Mafia Trends IPO is a SME IPO of 12,84,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on September 22, 2022, and closes on September 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 September 22, 2022 and closes on September 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 Tuesday, October 4, 2022. Check the Mafia Trends IPO allotment status.
The Mafia Trends IPO listing date is on Thursday, October 6, 2022.
Useful Articles
RHP