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Mafia Trends IPO Details

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 TypeFixed price issue IPO
IPO Price BandRs 28 per share
Face ValueRs 10 per share
Market Lot4000 shares
Issue Size12,84,000 shares of Rs 10 each (aggregating up to Rs 3.60 crore)
Fresh Issue12,84,000 shares of Rs 10 each (aggregating up to Rs 3.60 crore)
NII (HNI) Shares Offered50% of the net offer
Retail Shares offered50% of the net offer
Listing AtBSE SME
PromotersRajendra Singh Rajpurohit, Mahendra Singh Rajpurohit

Important dates for Mafia Trends Limited IPO

IPO opens onSep 22, 2022
IPO closes onSep 27, 2022
Basis of Allotment publication dateSep 30, 2022
Credit of shares to Demat AccountOct 4, 2022
Initiation of RefundOct 3, 2022
IPO listingOct 6, 2022

Mafia Trends Ltd IPO Lot size

ApplicationLotsSharesAmount
Retail (Min)14000Rs 1,12,000
Retail (Max)14000Rs 1,12,000

Mafia Trends Promoter holding

Pre issue shares holding87.42%
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:

YearFY 2022FY 2021FY 2020FY 2019
Total Assets in Rs Lakh1062.72801.431154.181031.10
Total Income in Rs Lakh715.28400.81147.861282.33
Profit After Tax in Rs Lakh81.7927.00.4522.02

Mafia Trends Limited SWOT Analysis

STRENGHT

  1. First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group.
  2. Strong and diversified procurement network
  3. Efficient supply chain management
  4. Strong IT infrastructure, systems, and processes
  5. One stop shops with a large variety of products, adopting store Concept Classification, customized for the local populace.
  6. 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

  1. New opportunity creates with changing fashion style.

THREAD

  1. High dependency on Understanding of market trends.
  2. Competition from online platform and other shops.

Miscellaneous Information

Company IPO ProspectusMafia Trends IPO DRHP
Mafia Trends IPO RHP
Company Contact informationMafia Trends Limited
1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015 Gujrat India
Phone: +91 77780 43457
Email: [email protected]
Websitehttp://www.mafiastores.com/index.html
IPO RegistrarLink Intime India Private Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/
IPO Lead Manager(s)GYR CAPITAL ADVISORS PRIVATE LIMITED

Frequently Asked Questions

IPO opens on 22 September 2022.

The lot size for Mafia Trends IPO is 4000 shares.

Mafia Trends Limited allotment on September 30, 2022

Click here for more FAQs.

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