Mafia Trends IPO Price, Review, Allotment & Analysis

Mafia Trends IPO Price, Review, Allotment & Analysis

Incorporated in 2017, Mafia Trends Limited is engaged in the business of marketing and selling mens fashion, which includes garments like jeans, T-shirts, shirts, Chinos, official pants, and official shirts. Mafia is a brand that provides affordable but quality clothing. The business of the company is based on a core concept Value Retailing, whereby the company strives to deliver latest fashion trends in mens clothing and accessories, with added emphasis on catering to the needs of youths and younger generations. The total revenue in 2020-21 was Rs400.80 Lacs, while that from April 01, 2021 till January 31, 2022 was Rs620.16 Lacs. 

Mafia Shop runs the Mafia brand of fashion offering mens clothes, wears, and general products. They are one of the retailers for trendy, high-quality clothes via their marketplaces and retail stores. The company started their first store named Mafia Western Outfitters in Ahmedabad, Gujarat. The company is focused on mens apparel, selling products through its own stores as well as through its franchising business model. 

Mafia Trends has established stores in Kalol, Vadodara, and Ahmedabad. The company started their wholesale business in 2008, and opened their first retail stores in 2011. They have about 8 retail stores across Gujarat under their registered brand name, MAFIA. You can check the subscription status of the Mafia Trends IPO and allotment status of Mafia Trends IPO at the relevant pages. 

Important Dates

IPO Opening DateSeptember 22, 2022
IPO Closing DateSeptember 27, 2022
Basis of AllotmentSeptember 30, 2022
Initiation of RefundsOctober 1, 2022
Credit of Shares to DematOctober 4, 2022
IPO Listing DateOctober 6, 2022

Mafia Trends IPO Details

IPO Price Band₹28 Per Equity Share
IPO Lot SizeMinimum 4000 shares for 1 lot
Minimum Amount₹1,12,000 for 1 lot
IPO SizeApprox. ₹3.62 Crores
Listing AtBSE SME
Offer for Sale13,00,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Mafia Trends GMP (Grey Market Premium)

DateGMPSubject toListing Gain
24 September₹415%

Mafia Trends IPO Allotment Status

Mafia Trends IPO Allotment Status (Allotment will be done on September 30, 2022)Click Here

Mafia Trends IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers2.18
Retail Investors1.75
Employees
Others
Total1.96

Mafia Trends IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 22, 2022
2.010.641.33
Day 2
Sep 23, 2022
2.181.751.96

Financial Report

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-191031.11282.3322.02202.19139.75
31-Mar-201154.181147.860.45202.64140.2
31-Mar-21801.43400.827229.64167.2
31-Mar-221062.72715.2881.79341.56271.57

Valuation – FY2022

 Earning Per Share (EPS):₹4.32 per Equity Share
 Price/Earning P/E Ratio:N/A
 Return on Net Worth (RoNW):11.76%
 Net Asset Value (NAV):₹36.78 per Equity Share

Mafia Trends IPO Review

What our Expert say about Mafia Trends IPO ReviewApply

Objective of the Issue

  • Funding the working capital requirements of the company.
  • General Corporate Purposes.

IPO Registrar

Link Intime India Private Limited

C-101, 247 Park, 1st Floor, L.B.S. Marg,

Vikhroli West, Mumbai – 400 083

Maharashtra, India

Email: mafia.ipo@linkintime.co.in

Investor grievance e-mail: mafia.ipo@linkintime.co.in

Website: www.linkintime.co.in

Peer Group

  • N/A

Company Promoters

  • Rajendra Singh Rajpurohit
  • Mahendra Singh Rajpurohit

Company Address

Mafia Trends Limited
1, Prabhu Kutir Complex, Sandesh
Press Road, Vastrapur,
Ahmedabad – 380 015, Gujarat, India.
Email-id: grievance@mafiastores.com
Telephone: +91 77780 43457
Website: www.mafiastores.com

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