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Mudra Lifestyle IPO is a book build issue of ₹86.22 crores. The issue is entirely a fresh issue of 0.96 crore shares of ₹86.22 crore.
Mudra Lifestyle IPO bidding started from Feb 8, 2007 and ended on Feb 14, 2007. The shares got listed on BSE, NSE on Mar 9, 2007.
Mudra Lifestyle IPO price band is set at ₹90.00 per share . The lot size for an application is 70. The minimum amount of investment required by an retail is ₹5,250 (70 shares). The lot size investment for sNII is 32 lots (2,240 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (11,130 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 4,79,000 shares for employees offered at a discount of ₹0.00 to the issue price.
SBI Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Mudra Lifestyle IPO RHP for detailed Information.
| IPO Date | February 8, 2007 to February 14, 2007 |
| Listing Date | March 9, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 95,80,000 shares (aggregating up to ₹86.22 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,64,10,469 shares |
| Share Holding Post Issue | 3,59,90,469 shares |
Mudra Lifestyle IPO offers total 95,80,000 shares. Out of which 45,50,500 (47.50%) allocated to QIB, 13,65,150 (14.25%) allocated to NII, 31,85,350 (33.25%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 45,50,500 (47.50%) | NA |
| NII (HNI) Shares Offered | 13,65,150 (14.25%) | NA |
| Retail Shares Offered | 31,85,350 (33.25%) | 45,505 |
| Employee Shares Offered | 4,79,000 (5.00%) | NA |
| Total Shares Offered | 95,80,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Mudra Lifestyle IPO opens on February 8, 2007, and closes on February 14, 2007.
| IPO Open Date | Thu, Feb 8, 2007 |
| IPO Close Date | Wed, Feb 14, 2007 |
| Tentative Listing Date | Fri, Mar 9, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 14, 2007 |
Investors can bid for a minimum of 70 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 | 70 | ₹6,300 |
| Retail (Max) | 31 | 2,170 | ₹1,95,300 |
| S-HNI (Min) | 32 | 2,240 | ₹2,01,600 |
| S-HNI (Max) | 158 | 11,060 | ₹9,95,400 |
| B-HNI (Min) | 159 | 11,130 | ₹10,01,700 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Establish in 1997, Mudra Lifestyle limited is part Mudra Group. Mudra Lifestyle is engaged in fabric weaving, processing and making garments. The brand "MUDRA" has built a strong goodwill for itself in the domestic market and commands a premium.
Mudra Lifestyle is gradually moving towards garment Manufacturing mainly in the designer shirts and lady’s wear segments to capitalize on the huge opportunity unleashed by the removal of quotas.
Product Lines:
Mudra Lifestyle Limited has two lines for manufacturing:
Finished fabric
Processing
Garments - Men’s Wear (Shirts), Lady’s Wear (Tops, Skirts) and Kid’s Wear
At present Mudra Lifestyle have 177 automatic looms producing approximately 10.62 million meters of woven fabric per annum and 700 sewing machines with production capacity of 3.15 million garments per annum. Manufacturing facilities are spread across five locations at Bhiwandi (Kalher and Sonale) in Thane district, Bangalore, Daman and Navi Mumbai.
| KPI | Values |
|---|---|
| RoNW | 24.31% |
The Company Mudra Lifestyle IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Proposed expansion at facilities at Bangalore and Tarapur | 1,774.90 |
| 2 | General Corporate Purpose/Acquisitions | 145.08 |
| 3 | Issue Expenses | 94.62 |
| Listing Date | March 9, 2007 |
| BSE Script Code | 532820 |
| NSE Symbol | ELAND |
| ISIN | INE311H01018 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | B1 |
Mudra Lifestyle Ltd.
Mudra Lifestyle Limited,
149, Shiv Shakti Industrial Estate, III Phase,
Andheri Kurla Road, Andheri East, Mumbai 400 059
Andheri, Maharashtra
Phone: +91 22 2859 2703
Email: ipo@mudralifestyle.com
Website: http://www.mudralifestyle.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: mudraipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mudra Lifestyle IPO is a main-board IPO of 95,80,000 equity shares of the face value of ₹10 aggregating up to ₹86.22 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 70.
The IPO opens on February 8, 2007, and closes on February 14, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mudra Lifestyle IPO using UPI as a payment gateway. Zerodha customers can apply in Mudra Lifestyle IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mudra Lifestyle IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mudra Lifestyle IPO opens on February 8, 2007 and closes on February 14, 2007.
Mudra Lifestyle IPO lot size is 70, and the minimum amount required for application is ₹6,300.
You can apply in Mudra Lifestyle 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 Mudra Lifestyle IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mudra Lifestyle IPO allotment status.
The Mudra Lifestyle IPO listing date is on Friday, March 9, 2007.
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