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Open
7 May 2018
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Close
11 May 2018
3
Allotment
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Listing
Mon, May 21, 2018
Price Band
₹45 per share
Issue Size
32,97,000 shares (agg. up to ₹15 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, May 21, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.67x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 16.25 | 5.32 | 2.30 | 2.17 |
| Total Income | 23.72 | 8.95 | 5.52 | 3.32 |
| Profit After Tax | 0.80 | 0.32 | 0.20 | 0.05 |
| NET Worth | 6.06 | 4.01 | 0.30 | 0.10 |
| Reserves and Surplus | 2.06 | 1.01 | 0.29 | 0.09 |
| Total Borrowing | 5.95 | 0.83 | 0.71 | 0.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Garv Industries Ltd. | SME | ₹3.20 Cr | ₹10 | null | ₹10.00 | +0.00% | ₹15.80 (+4.35%) |
| Marvel Decor Ltd. | SME | ₹26.29 Cr | ₹57 | null | ₹57.85 | +1.49% | ₹70.00 (-0.14%) |
| Omfurn India Ltd. | SME | ₹4.17 Cr | ₹23 | null | ₹22.85 | -0.65% | ₹56.00 (+2.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up the manufacturing facility to manufacture the modular and innovative furniture | 9.82 |
| 2 | Working Capital Requirement | 3.50 |
| 3 | General Corporate Expenses | 1.76 |
About Milestone Furniture IPO
Incorporated in 2014, Mumbai based Milestone Furniture Limited is engaged in the manufacturing and marketing of Interior and Modular Furniture business. The company has developed expertise in Space & workstation Management, designing and innovation in Furniture used in Education, Healthcare and Corporate organization. It alsodeveloped the In-house technical & Design team to provide turnkey solutions and implementation of interior and workspace in Commercial, Residential and Institutions. It has developed an In-house team of professionals for design, drawing, and space management interiors suitable and specification of client needs.Milestone has a high tech manufacturing equipment and Design facility to manufacture the various combination and size products in Sakinaka, Mumbai. The Company currently has 70 employees on its payroll.+ Read More
Contact Details
Milestone Furniture Ltd. Address1 st Floor, Aslam Compound Shree NagarBehind Boghul House, Chandivali RoadSakinakaMumbai, Maharashtra, 400072022- 28581499 / 28578954admin@milestonefurniture.comVisit Website