IPO

Milestone Furniture Limited IPO

BSE SME

Offer Date: May 7, 2018 - May 11, 2018

₹ 270000 /6000 Shares
*Min Investment

07 May, 2018

Open Date

11 May, 2018

Close Date

17 May, 2018

Allotment Date

21 May, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 45 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 32,97,000 Equity Shares of Rs 10/- each at a price of 45/- per share aggregating to 14.84 Cr
  • Listing at BSE SME
  • Lead Manager MONARCH NETWORTH CAPITAL LIMITED
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


Milestone Furniture Limited IPO is an SME IPO, priced at Rs 45 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from May 7, 2018 to May 11, 2018. The allotment is expected to be finalized on May 17, 2018, and the tentative listing date is May 21, 2018.


The registrar of the IPO is Karvy Computershare Private Limited , and

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IPO Subscription Analysis And Details
Retail
1.00x
Total
1.00x
As on QIB / NII Retail Total
Shares Offered / Reserved 15,66,000 15,66,000 31,32,000
Day 1 07-05-18
0.81 x 1.71 x 1.26 x
Day 2 08-05-18
0.81 x 2.23 x 1.52 x
Day 3 09-05-18
0.81 x 2.49 x 1.65 x
Day 4 10-05-18
0.82 x 3.45 x 2.13 x
Day 5 11-05-18
0.90 x 6.89 x 3.90 x
Valuations
Earnings Per Share (EPS) Rs 0.35
P/E Ratio 129
RoNW 8%
Net Asset Value (NAV) ( Post Issue ) Rs 15.20
IPO - Issue Objectives
1

To set up the manufacturing facility to manufacture the modular and innovative furniture

2

Working Capital Requirement

3

General Corporate Expenses

4

Issue Expenses