Mafia Trends Limited IPO (Mafia Trends IPO) Details
Mafia Trends Limited, a 2017 incorporation, is in the business of promoting and selling men’s clothing, including items like jeans, t-shirts, shirts, chinos, formal trousers, and formal shirts.
Mafia is a fashion label that sells stylish clothes at reasonable prices. The company bases its operations on the fundamental idea of “Value Retailing,” and as a result, strives to offer the newest apparel and non-apparel trends for men while also paying special attention to the needs of the younger generation.
For the fiscal years 2020–21 and 2021–2022, respectively, the total revenue is Rs 400.80 lacs and Rs 620.16 lacs.
Competitive Advantages
Targeting the expanding, aspirant class and middle class while taking advantage of first mover advantage in Tier-II and Tier-III cities
- Competitive lease rentals.
- Strong and diversified procurement network.
- Efficient supply chain management.
- Value Addition to our products
- Strong IT infrastructure, systems and processes
- One-stop shop with a large variety of products, adopting store Concept Classification, customised for the local populace.
Company Financials
| 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 |
Objects of the Issue
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
Mafia Trends IPO Details
| Mafia Trends IPO Date | Sep 22, 2022 to Sep 27, 2022 |
| Mafia Trends IPO Face Value | ₹10 per share |
| Mafia Trends IPO Price | ₹28 per share |
| Mafia Trends IPO Lot Size | 4000 Shares |
| Issue Size | 1,284,000 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Fresh Issue | 1,284,000 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit are the company promoters. |
Mafia Trends IPO Timeline (Tentative Timetable)
Mafia Trends IPO opens on Sep 22, 2022, and closes on Sep 27, 2022. The Mafia Trends IPO bid date is from Sep 22, 2022 10.00 A.M. to Sep 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Mafia Trends IPO Opening Date | Sep 22, 2022 |
| Mafia Trends IPO Closing Date | Sep 27, 2022 |
| Basis of Allotment | Sep 30, 2022 |
| Initiation of Refunds | Oct 3, 2022 |
| Credit of Shares to Demat | Oct 4, 2022 |
| Mafia Trends IPO Listing Date | Oct 6, 2022 |
Mafia Trends IPO Lot Size
The Mafia Trends IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
Mafia Trends IPO Promoter Holding
| Pre Issue Share Holding | 87.42% |
| Post Issue Share Holding |
Mafia Trends IPO Review
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.
Company Contact Information
Mafia Trends Limited
1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015
Phone: +91 77780 43457
Email: grievance@mafiastores.com
Website: http://www.mafiastores.com/index.html
Mafia Trends IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mafia.ipo@linkintime.co.in
Website: https://linkintime.co.in/
