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Incorporated in 2005, Mittal Life Style Limited is a trading house, dealing in Denim and Bottom Fabrics. The company was founded by Brijeshkumar Jagdishkumar Mittal with a passion for denim and years of experience in the denim fabric market.
The company brings out the versatile nature and durability of the fabric and presents its customers with high-quality material. Mittal Life Style supplies its fabric products to various businesses in the textile industry and these products include:
With denim jeans manufacturing rights for brands like "GERICHO LONDON", "MITTALIER LONDON" and "MCALLEN PARIS", the company is offering its offerings offline as well as online. Customers can find these products online on digital market platforms like Glowroad, Snapdeal, Amazon, Limeroad, Flipkart, Meesho, Shopclues, PayTM, 2GUD, etc.
Two generations of the Mittal family are engaged in growing the business and realizing its potential with flexible and responsive trading operations. Today, the entity has one of the biggest stock-supported ranges of denim fabrics available in India having more than 100 regular sorts stocked.
Some of the distinctive features of the company are:
| Issue Open | February 22, 2023 - March 3, 2023 |
| Security Name | Mittal Life Style Limited |
| Issue Size (Shares) | 14,934,448 |
| Issue Size (Amount) | ₹14.93 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share for every 1 fully paid-up Equity Share held as on the Record Date |
| Record Date | February 13, 2023 |
| Credit of Rights Entitlements | February 17, 2023 |
| Bid/Offer Opens On | February 22, 2023 |
| Renunciation of Rights Entitlements | February 27, 2023 |
| Bid/Offer Closes On | March 3, 2023 |
| Deemed Date of Allotment | March 14, 2023 |
| Credit Date | March 17, 2023 |
| Listing Date | March 22, 2023 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 26.57 | 53.22 | 0.26 | 13.66 |
| 31-Mar-22 | 19.61 | 52.55 | 0.18 | 16.02 |
| Amount in ₹ Crore | ||||
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
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Mittal Life Style Limited
Unit No. 8/9, Ravikiran,
Ground Floor, New Link Road, Andheri (West),
Mumbai – 400 053
Phone: + 91 22 2674 1792
Email: cs@mittallifestyle.in
Website: http://www.mittallifestyle.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Mittal Life Style Rights Issue 2023 opens on February 22, 2023, and closes on March 3, 2023.
Mittal Life Style Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | February 17, 2023 |
| Last Date for renunciation of Rights Entitlements | February 27, 2023 |
| Issue Opening Date | February 22, 2023 |
| Issue Closing Date | March 3, 2023 |
| Date of Allotment (on or about) | March 14, 2023 |
| Date of Credit (on or about) | March 17, 2023 |
| Date of Listing (on or about) | March 22, 2023 |
Mittal Life Style Rights Issue 2023 price is set at ₹10 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 1 fully paid-up Equity Share held as on the Record Date (February 13, 2023).
The record date for the Mittal Life Style Rights Issue 2023 is February 13, 2023.
The issue size of Mittal Life Style Rights Issue 2023 is of 14,934,448 equity shares at ₹10 per share aggregating upto ₹14.93 Crores.
The Letter of Offer for Mittal Life Style Rights Issue 2023 can be download here.
You can apply for Mittal Life Style Rights Issue 2023 in two ways:
Steps to apply for Mittal Life Style Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Mittal Life Style Rights Issue 2023 using Registrar's website (R-WAP)
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