Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Mafia Trends IPO is a fixed price issue of Rs 3.60 crores. The issue is entirely a fresh issue of 12.84 lakh shares.
Mafia Trends IPO bidding started from September 22, 2022 and ended on September 27, 2022. The allotment for Mafia Trends IPO was finalized on Friday, September 30, 2022. The shares got listed on BSE SME on October 6, 2022.
Mafia Trends IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹224,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Mafia Trends IPO, while Link Intime India Private Ltd is the registrar for the issue.
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 |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,284,000 shares (aggregating up to ₹3.60 Cr) |
| Fresh Issue | 1,284,000 shares (aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,149,550 |
| Share holding post issue | 4,433,550 |
| Market Maker portion | 68,000 shares |
Mafia Trends IPO offers 1,284,000 shares. 608,000 (47.35%) to NII, 608,000 (47.35%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 68,000 (5.30%) |
| Other Shares Offered | 608,000 (47.35%) |
| Retail Shares Offered | 608,000 (47.35%) |
| Total Shares Offered | 1,284,000 (100%) |
Mafia Trends IPO opens on September 22, 2022, and closes on September 27, 2022.
| IPO Open Date | Thursday, September 22, 2022 |
| IPO Close Date | Tuesday, September 27, 2022 |
| Basis of Allotment | Friday, September 30, 2022 |
| Initiation of Refunds | Monday, October 3, 2022 |
| Credit of Shares to Demat | Tuesday, October 4, 2022 |
| Listing Date | Thursday, October 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| HNI (Min) | 2 | 8,000 | ₹224,000 |
| Lot Size Calculator | |||
Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit are the company promoters.
| Share Holding Pre Issue | 87.42% |
| 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 Rs 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...
The Mafia Trends IPO is subscribed 4.94 times on September 27, 2022 6:58:00 PM. The public issue subscribed 5.97 times in the retail category, times in the QIB category, and 3.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.91 |
| Retail | 5.97 |
| Total | 4.94 |
| Listing Date | October 6, 2022 |
| BSE Script Code | 543613 |
| NSE Symbol | |
| ISIN | INE0KQQ01011 |
| Final Issue Price | ₹28 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹28.00 |
| ₹32.65 |
| ₹31.05 |
| ₹32.65 |
| ₹31.10 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mafia.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Mafia Trends IPO is a SME IPO of 1,284,000 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 Shares.
The IPO opens on September 22, 2022, and closes on September 27, 2022.
Link Intime India Private 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 Shares, and the minimum amount required is ₹112,000.
You can apply in Mafia Trends IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (400+ Posts, 100+ Likes)
IPO Mentor (800+ Posts, 700+ Likes)
IPO Guru (1000+ Posts, 1900+ Likes)
Judging by past of LM, good to sell in the pre-open and see the movement after that unless LM decides to go against its own history....
Gmp quotes was 6rs at the start.....Not gonna buy it but if i had to, i won't go above 2-3 rs premium in the best case