Mafia Trends Ltd - IPO

Mafia Trends Ltd IPO Details

Public issue of 12,84,000 equity shares of face value Rs. 10 each (Equity Shares) of Mafia Trends Limited (the Company or the Issuer) for cash at a price of Rs. 28 per equity share (including a securities premium of Rs. 18 per equity share) (the Issue Price), aggregating to Rs. 3.60 crores (Issue) of the issue, 68,000 equity shares aggregating to Rs. 0.19 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 12,16,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 28 per equity share aggregating to Rs. 3.41 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 28.96% and 27.42%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs.10 each and the issue price is Rs.28. The issue price is 2.8 times of the face value.

Objective of issue

Funding the working capital requirements of the company.

Mafia Trends Ltd Contact Details

Mafia Trends Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - grievance@mafiastores.com

Website - www.mafiastores.com