About the Company:
Mittal Lifestyle Ltd is in the business of procuring Denim fabrics from Various manufacturers and then Selling it to various Clients under the Mittal Life Stlye brand.
Company is focusing on sourcing their own designs and fabric ranges from various mills and wider distribution in India.
Strategically located in Mumbai, Mittal Lifestyle positions its operations to make a stronger contribution to its long-term strategy of providing customers with innovative, market-driven and highly competitive denim fabrics ever since its foundation in 2005.
Company is one of the biggest stock-supported range of denim fabrics in India with over 200 regular sorts stocked in Warehouse.Company’s revenue is primarily generated from trading of denim fabrics.
For providing different types and quality of denim fabric,Company has tied-up with about 16 Composite mills to get denim fabric manufactures as per their need and requirements. Some of the regular suppliers are Mafatlal Industries Limited, Oswal Industries Limited, Bhaskar Industries Private Limited, Nandan Denim Limited etc.
With wide experience and market expertise, Company has been able to gain goodwill of a large number of clients in Mumbai and Ulhasnagar district.
Management Team:
- Mr.Brijeshkumar Jagdishkumar Mittal (Designation: Managing Director)
- Mr. Pratik Brijeshkumar Mittal (Designation: Executive Director and Chief Financial Officer)
- Ms. Sudha Brijeshkumar Mittal (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| JK Denim Fab Private Limited | 23,60,000 | 10.00 |
| Mr. Brijeshkumar Jagdishkumar Mittal | 1,51,800 | 3.33 |
| Mr. Pratik Brijeshkumar Mittal | 1,50,000 | 5.60 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| JK Denim Fab Private Ltd | 47.68% | 33.48% |
| Mr. Brijeshkumar Jagdishkumar Mittal | 3.07% | 2.15% |
| Mr. Pratik Brijeshkumar Mittal | 3.03% | 2.13% |
| Promoters Group Entities | 46.00% | 32.45% |
| Total | 100% | 70.21% |
Objectives of the Issue:
- Repayment of Unsecured Borrowings.
- General Corporate Purpose.
- Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Repayment of Unsecured Borrowings | 2.91 |
| General Corporate Expenses | 1.04 |
| Issue Expenses | 0.45 |
| Net Proceeds | 4.41 cr |
Peer Group Comparison:
We believe that there are no listed companies in India which are solely engaged in same type of business like Mittal Lifestyle Ltd. Hence a strict comparison is not possible.
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th Nov 17 |
|---|---|---|---|---|---|---|
| Revenue | 25.27 | 32.32 | 46.35 | 59.04 | 78.56 | 43.79 |
| Net Profit | (-0.004) | 0.0056 | 0.0091 | 0.0086 | 0.34 | 0.30 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 19th March 2018 |
| Issue Closes on:. | 21st March 2018 |
| Issue Price | Rs.21 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 |
| Minimum Investment | Rs.1,26,000 |
| Issue Constitutes | 29.78% |
| Issue Size | Rs.4.41 cr |
| Market Cap | Rs.14.80 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 21,00,000 |
| Equity Shares Prior to the Issue | 49,50,000 |
| Equity Shares after the Issue | 70,50,000 |
Subscription Details:
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| HNI | 9,90,000 | 0.49 | 2.24 | 2.36 |
| Retail | 9,90,000 | 0.37 | 2.11 | 0.57 |
| Others | 1,20,000 | 0.00 | 0.00 | 0.00 |
| Employee | ——– | —- | — | —– |
| TOTAL | 21,00,000 | 0.27 | 1.2 | 1.38 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.68 | 30.88% | 6.42% | 10.62 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| MITTAL LIFE STYLE LIMITED Unit No. 8/9,Ravikiran, Ground Floor, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra. Tel: +91-22-26741792 Fax: +91-22- 26741787 Email: info@mittallifestyle.in Website: www.mittallifestyle.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Bharat Tin Works Building, 1stFloor, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel: +91 22 62638200 Fax: +91 22 62638299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| SARTHI CAPITAL ADVISORS PRIVATE LIMITED 159/11, Amar Brass Compound, Vidyanagari Marg, Kalina, Santacruz (E), Mumbai – 400098 Tel: +91 22 26528671/72 Fax: +91 22 26528673 Investor Email: ipo@sarthiwm.in Website: www.sarthi.in |
