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Mudra Lifestyle IPO is a book built issue of Rs 86.22 crores.
Mudra Lifestyle IPO bidding started from February 8, 2007 and ended on February 14, 2007. The shares got listed on BSE, NSE on March 9, 2007.
Mudra Lifestyle IPO price band is set at ₹75 to ₹90 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹6,300.
SBI Capital Markets Limited is the book running lead manager of the Mudra Lifestyle IPO, while Bigshare Services Pvt Ltd is the registrar for 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 |
| Price Band | ₹75 to ₹90 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 9,580,000 shares (aggregating up to ₹86.22 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 26,410,469 |
| Share holding post issue | 35,990,469 |
Investors can bid for a minimum of 70 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 | 70 | ₹6,300 |
| Retail (Max) | 31 | 2170 | ₹195,300 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 74.26% |
| Share Holding Post Issue | 54.49% |
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 objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To part finance the proposed project consisting of setting up of an integrated unit having all the processes of yarn dyeing, weaving, process house and garment manufacturing near Bangalore and Tarapur ;
2. To meet expenses for general corporate purposes / acquisitions.
The Mudra Lifestyle IPO is subscribed 4.59 times on February 14, 2007 5:00:00 PM. 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) |
|---|
| Listing Date | March 9, 2007 |
| BSE Script Code | 532820 |
| NSE Symbol | ELAND |
| ISIN | INE311H01018 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹90.00 |
| ₹94.80 |
| ₹62.05 |
| ₹95.00 |
| ₹63.80 |
| NSE |
|---|
| ₹90.00 |
| ₹89.90 |
| ₹62.40 |
| ₹100.00 |
| ₹63.95 |
Mudra Lifestyle Limited
Mudra Lifestyle Limited,
149, Shiv Shakti Industrial Estate, III Phase,
Andheri Kurla Road, Andheri East, Mumbai 400 059
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 9,580,000 equity shares of the face value of ₹10 aggregating up to ₹86.22 Crores. The issue is priced at ₹75 to ₹90 per share. The minimum order quantity is 70 Shares.
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.
The Mudra Lifestyle IPO opens on February 8, 2007 and closes on February 14, 2007.
Mudra Lifestyle IPO lot size is 70 Shares, and the minimum amount required is ₹6,300.
You can apply in Mudra Lifestyle 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 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.
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