Bookbuilding IPO | ₹86 Cr | Listed at BSE, NSE | Thu, Feb 8, 2007 - Wed, Feb 14, 2007
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 per share. The lot size for an application is 70. The minimum amount of investment required by an retail is ₹6,300 (70 shares) (based on upper price). 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 Open
Thu, Feb 8, 2007
IPO Close
Wed, Feb 14, 2007
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹323.91 Cr
| IPO Date | 8 to 14 Feb, 2007 |
| Listed on | Fri, Mar 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 95,80,000 shares (agg. up to ₹86 Cr) |
| Fresh Issue | 95,80,000 shares (agg. up to ₹86 Cr) |
| Share Holding Pre Issue | 2,64,10,469 shares |
| Share Holding Post Issue | 3,59,90,469 shares |
| BSE Script Code / NSE Symbol | 532820 / ELAND |
| ISIN | INE311H01018 |
Mudra Lifestyle IPO comprises a total issue size of 95,80,000 shares. The net offer to the public is 91,01,000 shares, after excluding 4,79,000 shares under a preferential allotment. Of the Net offer 45,50,500 (50.00%) are allocated to QIB, 13,65,150 (15.00%) allocated to NII 31,85,350 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 45,50,500 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 13,65,150 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 31,85,350 | 35.00% | 33.25% | 45,505 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,79,000 | 5.00% | NA | |
| Total Shares Offered | 95,80,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Proposed expansion at facilities at Bangalore and Tarapur | 177.49 |
| 2 | General Corporate Purpose/Acquisitions | 14.51 |
| 3 | Issue Expenses | 9.46 |
| KPI | |
|---|---|
| RoNW | 24.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 74.26% | 54.49% |
| Market Cap | ₹323.91 Cr. |
The Mudra Lifestyle IPO is subscribed 4.59 times on February 14, 2007 5:00:00 PM (Day 5). The public issue subscribed 3.15 times in the retail category, 7.01 times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | 2.01 |
| 2 | Registrar to the Issue | 0.10 |
| 3 | Bankers to the issue | |
| 4 | Advisors to the Issue | 0.29 |
| 5 | Offer Stationery | 2.41 |
| 6 | Advertising Expenses | 2.46 |
| 7 | Brokerage and selling Commission | 1.76 |
| 8 | Legal fees | 0.05 |
| 9 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.15 |
| 10 | Contingencies | 0.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹94.80 | ₹89.90 |
| Low | ₹62.05 | ₹62.40 |
| High | ₹95.00 | ₹100.00 |
| Last Trade | ₹63.80 | ₹63.95 |
Lead Manager Reports
Mudra Lifestyle IPO is a main-board IPO of 95,80,000 equity shares of the face value of ₹10 aggregating up to ₹86 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 70.
The IPO opens on Thu, Feb 8, 2007, and closes on Wed, Feb 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 Thu, Feb 8, 2007 and closes on Wed, Feb 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 Fri, Mar 9, 2007.
