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Open
22 Sep 2022
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Close
27 Sep 2022
3
Allotment
—
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Listing
Thu, Oct 6, 2022
Price Band
₹28 per share
Issue Size
12,84,000 shares (agg. up to ₹4 Cr)
Lot Size
4,000 Shares
Listing Date
Thu, Oct 6, 2022
Latest GMP
₹3
Est. Gain
10.71%
✦ AI Insight
GMP Trend
06-10-2022₹3Est. ₹31+10.71%
05-10-2022₹3Est. ₹31+10.71%
04-10-2022₹3Est. ₹31+10.71%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.74x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 10.63 | 8.01 | 11.54 | 10.31 |
| Total Income | 7.15 | 4.01 | 11.48 | 12.82 |
| Profit After Tax | 0.82 | 0.27 | 0.00 | 0.22 |
| NET Worth | 3.42 | 2.30 | 2.03 | 2.02 |
| Reserves and Surplus | 2.72 | 1.67 | 1.40 | 1.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vedant Fashions Ltd. | Mainboard | ₹3,149.19 Cr | ₹866 | 106.78 | ₹933.55 | +7.80% | ₹399.00 (+0.43%) |
| Go Fashion (India) Ltd. | Mainboard | ₹1,013.61 Cr | ₹690 | null | ₹1,253.70 | +81.70% | ₹352.60 (-0.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 3.06 |
About Mafia Trends IPO
Incorporated in 2017, Mafia Trends Limited is engaged in the business of marketing and selling Men's fashion which includes apparel such as Jeans, Tshirts, Shirts, Chinos, Formal trousers and Formal shirts. Mafia is a fashion brand that provides affordable outfits yet premium. The company's business is based on the primary concept of 'Value Retailing' following which the company aim to provide the latest fashion trends in apparel and non-apparels for men with an added focus on the demands of the youth and young generation. The total revenue for 2020-21 is Rs 400.80 lacs and for April 01, 2021 to January 31, 2022 is Rs 620.16 lacs. Competitive Strengths : First mover advantage in Tier-II and Tier-III cities and to target the expanding, aspiring class and middle-class customer group. Competitive lease rentals. Strong and diversified procurement network. Efficient supply chain management. Value Addition to our products Strong IT infrastructure, systems and processes One-stop shop with a large variety of products, adopting store Concept Classification, customised for the local populace.+ Read More
Contact Details
Mafia Trends Ltd. Address1, Prabhu Kutir ComplexSandesh Press RoadVastrapurAhmedabad, Gujarat, 380015+91 77780 43457grievance@mafiastores.comVisit Website