MAFIA TRENDS LIMITED
IPO Details
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₹3(10.71%)
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MAFIA TRENDS LIMITED's completed its IPO journey with a successful listing on BSE on Oct 06, 2022. The public offering mobilized 12,84,000 Shares in total capital, comprising 12,84,000 Shares in fresh equity.
The offering was conducted within the price band of ₹28 to ₹28, with minimum application lots of 4000 shares. Investor participation during the Sep 22, 2022 to Sep 27, 2022 subscription window determined the final allocation pattern.
The basis of allotment was announced on Oct 03, 2022, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2017, Mafia Trends Limited is engaged in marketing and selling men’s fashion, including apparel such as jeans, t-shirts, shirts, chinos, formal trousers, and formal shirts. The brand focuses on providing affordable yet premium outfits based on the concept of ‘Value Retailing,’ aiming to deliver the latest fashion trends with a particular focus on the youth and young generation. The company reported total revenues of Rs. 400.80 lakhs for FY 2020-21 and Rs. 620.16 lakhs for the period from April 1, 2021, to January 31, 2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- First-Mover Advantage: Early presence in Tier-II and Tier-III cities targeting the growing middle-class customer segment.
- Competitive Lease Rentals: Benefits from cost-effective rental arrangements.
- Strong & Diversified Procurement Network: Sources products efficiently from multiple suppliers.
- Efficient Supply Chain: Ensures timely and reliable product delivery.
- Value-Added Products: Offers products with additional features or benefits for customers.
- Robust IT Infrastructure: Uses strong systems and processes to support operations.
- One-Stop Shop: Provides a wide variety of products in stores customized for local preferences.
NA
- Rajendra Singh Rajpurohit
- Mahendra Singh Rajpurohit
MAFIA TRENDS LIMITED
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