Mafia Trends was incorporated on February 07, 2017. The company's business revolves around marketing and selling men’s and kids' fashion such as jeans, t-shirts, shirts, chinos, formal trousers, and formal shirts, through a chain of clothing stores under the brand name Mafia.
| Bidding Dates |
|---|
| 22 Sep 2022 - 27 Sep 2022 |
| Subscription |
|---|
| 4.94x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 4000 | 1.3 M | ₹28 | 71.04 % | ₹36.0 M | RHP DOC |
Mafia Trends IPO SUBSCRIPTION STATUS
27 Sep '22Mafia Trends IPO overall subscription rate was 4.94 times the total available shares
Mafia Trends IPO retail subscription rate was 5.97 times in the retail segment
Mafia Trends IPO non-institutional investor subscription rate was 3.91 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Sep 2022 (Day 4) | 5.97x | 3.91x | - |
26 Sep 2022 (Day 3) | 2.97x | 2.31x | - |
23 Sep 2022 (Day 2) | 1.75x | 2.18x | - |
22 Sep 2022 (Day 1) | 0.61x | 2.01x | - |
Mafia Trends FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY22 | 8.2 | 71.5 | 11.6 | 11.5 | 16.0% |
| FY21 | 2.7 | 36.6 | 3.0 | 3.0 | 10.1% |
| FY20 | 0.0 | 114.8 | 0.8 | 0.8 | 0.9% |
Mafia Trends IPO SUBSCRIPTION STATUS DETAILS
Mafia Trends had 1.3 M shares on offer
Mafia Trends IPO offer price was ₹28
Mafia Trends IPO minimum Investment was ₹112000
Mafia Trends IPO issue size was ₹ 36.0 M
Mafia Trends had a minimum lot size of 4000 Shares per application
Mafia Trends NUMBER OF SHARES ON OFFER
Mafia Trends IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2022 |
| Issue close Date | 27 Sep 2022 |
| Allotment Date | 30 Sep 2022 |
| Refund Date | 03 Oct 2022 |
| Demat Account Credit Date | 04 Oct 2022 |
| Listing Date | 06 Oct 2022 |
| Listing on Exchange(s) | BSE |
| Mafia Trends Allotment Status | Exchange |
Mafia Trends IPO subscription opened on 22 Sep 2022, and closed on 27 Sep 2022
IPO allotment for Mafia Trends was finalized on Friday, 30 Sep 2022
IPO listing for Mafia Trends was on BSE on Thursday, 06 Oct 2022
Mafia Trends IPO LISTING GAINS
| Issue Price (adjusted) | 28.0 |
| Listing Open Price | 32.6 |
| Listing Close Price | 31.1 |
| Listing Gain% | 16.6% |
| Current Gain% | -82.1% |
Mafia Trends Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mafia Trends Ltd. | 5 | 2.2 | 4.7 | 0.3 | 0.1 | 5.6 | 2.8 | 15.3 | 91.4 | 0.5 | 15.9 | 1.1 | 15.9 |
| Vedant Fashions Ltd. | 524.9 | 12753.9 | 33.1 | -13.3 | 8.8 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 91.6 | 11173.9 | 63.5 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 624.3 | 8062.1 | 58 | 2 | 2.8 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2833.1 | 7580.7 | 73 | 5.9 | 4.4 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 180.8 | 6955.1 | 33.7 | 0.4 | 0.9 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Mafia Trends INFORMATION ON IPO ISSUE
About Mafia Trends
Mafia Trends was incorporated on February 07, 2017. The company's business revolves around marketing and selling men’s and kids' fashion such as jeans, t-shirts, shirts, chinos, formal trousers, and formal shirts, through a chain of clothing stores under the brand name Mafia.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Mafia Trends - PROMOTERS
| Name |
|---|
| Rajendra Singh Rajpurohit |
| Mahendra Singh Rajpurohit |
Mafia Trends Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Mafia Trends Registrar to the Issue
Link Intime India Private Limited
mafia.ipo@linkintime.co.in
Mafia Trends Strengths
Targeting relatively untapped market
The company has strategically placed itself in tier-2 & tier 3 cities, as it aims to penetrate the target market of young students, population belonging to the transitioning class and middle-income groups who aspire to wear affordable fashionable outfits
Diversified procurement network
The company sources its products from the regions where such products are widely available or manufactured, to minimize its procurement costs
Efficient supply chain management and ERP
The company's comprehensive enterprise resource planning backed supply chain management system comprises collecting customer data, invoicing, products management, stocks management, etc.
Strong experience of promoters and key managerial team
The individual promoters have a cumulative experience of more than 30 man-years in the core fashion industry and the key management team plays a key role in complementing the vision of the individual promoters and successfully managing business operations
Mafia Trends Risks
Approvals, NOCs, licenses
The company requires several approvals, NOCs, licenses, registrations, and permits in the ordinary course of business
Defaulted payments
The company has committed defaults in repayment of the loans availed by it in the past
Outstanding litigations
There are outstanding litigations involving the company, promoters, and directors
IPO FAQs
The promoters of the company are Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 28.0 - 28.0.
The IPO application opens on Sep 22, 2022 and closes on Sep 27, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Sep 30, 2022.
The refund will be credited to your account on Oct 03, 2022.
The allotted shares will be credited to your demat on Oct 04, 2022.
Mafia Trends Ltd.’s shares listed on the stock exchanges on Oct 06, 2022.