Mafia Trends IPO Details
Mafia Trends Limited has filled for Rs 3.60 crore IPO, the issue comprises of fresh issue 12,84,000 shares of Rs 10 each. The Mafia Trends Limited IPO bid date is from 22 September 10 a.m. to 27 September 2022 5 p.m. The Cut-off time for UPI Mandate confirmation is 5 p.m. on the issue closing day. To find more details of this initial public offering, have a glance at the following table:
| Issue Type | Fixed price issue IPO |
| IPO Price Band | Rs 28 per share |
| Face Value | Rs 10 per share |
| Market Lot | 4000 shares |
| Issue Size | 12,84,000 shares of Rs 10 each (aggregating up to Rs 3.60 crore) |
| Fresh Issue | 12,84,000 shares of Rs 10 each (aggregating up to Rs 3.60 crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares offered | 50% of the net offer |
| Listing At | BSE SME |
| Promoters | Rajendra Singh Rajpurohit, Mahendra Singh Rajpurohit |
Important dates for Mafia Trends Limited IPO
| IPO opens on | Sep 22, 2022 |
| IPO closes on | Sep 27, 2022 |
| Basis of Allotment publication date | Sep 30, 2022 |
| Credit of shares to Demat Account | Oct 4, 2022 |
| Initiation of Refund | Oct 3, 2022 |
| IPO listing | Oct 6, 2022 |
Mafia Trends Ltd IPO Lot size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | Rs 1,12,000 |
| Retail (Max) | 1 | 4000 | Rs 1,12,000 |
Mafia Trends Promoter holding
| Pre issue shares holding | 87.42% |
| Post issue shares holding | – |
About Mafia Trends Limited
Founded in 2017, Mafia Trends Limited is Ahmedabad based company engaged in the business of marketing and selling Men’s fashion which includes apparel such as Jeans, T-shirts, Shirts, Chinos, Formal trousers, and Formal shirts. Company primarily operates in Tier-II and Tier-III cities.
Company follows the concept of ‘Value Retailing’ to target the region of the population belonging to the expanding aspiring class and middle class-based customer’s socio-economic conditions, purchasing power, demographic details, and customer trends.
Objective of Mafia Trends IPO
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Financial Highlights
These are the financial details of Mafia Trends Limited as mentioned in its DRHP registered with SEBI in the following table:
| Year | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
| Total Assets in Rs Lakh | 1062.72 | 801.43 | 1154.18 | 1031.10 |
| Total Income in Rs Lakh | 715.28 | 400.8 | 1147.86 | 1282.33 |
| Profit After Tax in Rs Lakh | 81.79 | 27.0 | 0.45 | 22.02 |
Mafia Trends Limited SWOT Analysis
STRENGHT
- First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group.
- Strong and diversified procurement network
- Efficient supply chain management
- Strong IT infrastructure, systems, and processes
- One stop shops with a large variety of products, adopting store Concept Classification, customized for the local populace.
- Strong background and experience in the core fashion industry of our Individual Promoters and our key managerial team.
WEAKNESS
Litigation against Company: A criminal case bearing number 74361 of 2021 was filed by Kotak Mahindra Bank Limited (the “Bank”) against Company and one of its Promoters, Rajendra Singh Rajpurohit (the “Accused”) before the Hon’ble Additional Chief Metropolitan Magistrate Court under Section 138 of the Negotiable Instruments for dishonored of cheque of Rs 16.27 lakhs.
OPPORTUNITY
- New opportunity creates with changing fashion style.
THREAD
- High dependency on Understanding of market trends.
- Competition from online platform and other shops.
Miscellaneous Information
| Company IPO Prospectus | Mafia Trends IPO DRHP Mafia Trends IPO RHP |
| Company Contact information | Mafia Trends Limited 1, Prabhu Kutir Complex, Sandesh Press Road, Vastrapur, Ahmedabad – 380 015 Gujrat India Phone: +91 77780 43457 Email: [email protected] Website: http://www.mafiastores.com/index.html |
| IPO Registrar | Link Intime India Private Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | GYR CAPITAL ADVISORS PRIVATE LIMITED |
Frequently Asked Questions
When Mafia Trends Limited IPO open?
IPO opens on 22 September 2022.
What is the lot size of IPO?
The lot size for Mafia Trends IPO is 4000 shares.
When Mafia Trends IPO allotment?
Mafia Trends Limited allotment on September 30, 2022
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