Mafia Trends IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Mafia Trends IPO release date, IPO offer price, subscription, Mafia Trends Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs. 10 |
| Price Band | Rs. 28 |
| Listing At | BSE SME |
| Min. Order Quantity | 4000 shares |
| Listing Date | Oct 6, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 359.52 Lakh |
| IPO Size | Rs. 359.52 Lakh |
| Tick Size | 1 |
Mafia Trends IPO is listed at a Rs. 18 premium. Check out the live share price by clicking on the below link.
Mafia Trends IPO – Summary
The Company was incorporated as ‘Mafia Trends Private Limited’ on February 07, 2017 as a private limited company under the Companies Act, 2013 with the Registrar of Companies, Gujarat at Ahmedabad. Pursuant to a special resolution of the Shareholders passed in the extra-ordinary general meeting held on December 22, 2021.
The Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to ‘Mafia Trends Limited’.
A fresh certificate of incorporation dated January 12, 2022 was issued to the Company by the Registrar of Companies, Gujarat at Ahmedabad. The corporate identification number of the Company is U51909GJ2017PLC095649.
The Promoter of this company is Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit. The lead manager to the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is Link Intime India Private Limited .
Mafia Trends IPO Date
The opening of Mafia Trends IPO will be on Sep 22, 2022 and the closing date Sep 27, 2022.
Mafia Trends IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 22nd Sept | 2.01x | 0.61x | 1.31x |
| 2nd Day – 23rd Sept | 2.18x | 1.75x | 1.96x |
| 3rd Day – 26th Sept | 2.31x | 2.97x | 2.64x |
| 4th Day -27th Sept | 3.91x | 5.97x | 4.94x |
| Shares Offered or Net Issue | 608,000 | 608,000 | 1,216,000 |
The shares subscribed by the public will be updated here.
Mafia Trends IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Mafia Trends Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 30, 2022 |
| Refunds Initiation | Oct 3, 2022 |
| Credit of Shares to Demat Account | Oct 4, 2022 |
| Share Listing Date | Oct 6, 2022 |
Mafia Trends IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.28.
Mafia Trends IPO Equity Size
This Initial Public Issue of 12,84,000 Equity Shares of Rs.10 each for cash at a price of Rs.28 per equity share aggregating to Rs.359.52 Lakh.
Mafia Trends IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 12,16,000 Equity Shares of Rs.28 each.
Issue Size: Rs. 12,84,000 Equity Shares of Rs.10 each, aggregating to Rs. 359.52 Lakh.
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Mafia Trends IPO – Live Performance
The listing date of this IPO is Oct 6, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Mafia Trends Share Price |
Mafia Trends IPO Grey Market Premium
The Mafia Trends Limited IPO Grey Market Premium price is Rs 3, the Kostak rate is Rs X and the Subject to Sauda is X.
Mafia Trends IPO – Company Overview
The business revolves around marketing and selling of Men’s & 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.
They are strategically placed across various small Indian towns and cities including Kalol, Vadodara, alongwith Ahmedabad. Outside of Ahmedabad, they have strategically placed ourselves in tier-2 & tier 3 cities, as they aim to penetrate their target market of young students, population belonging to transitioning class and middle income groups who aspire to wear affordable fashionable outfits.
As there are very few brand who caters to Men & kid’s fashion, they believe that they have succefully initiated a brand which can stand out in the competitive space of clothing retail industry and generate value through brand loyalty.
The main office and legacy stores are based in Ahmedabad. In 2011, they started their operations. The first store was named ‘Mafia Western Outfit’ at Ahmedabad, Gujarat, and currently they operate 8 stores spread across 3 cities and one warehouse in Gujarat.
Mafia Trends IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 1062.72 | 801.43 | 1154.18 |
| *Total Revenue | 715.28 | 400.8 | 1147.86 |
| Total Expense | 604.75 | 364.31 | 1,147.26 |
| Profit After Tax | 81.79 | 27 | 0.45 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 13.09 | 4.32 | 0.07 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.81.79 Lakh, Rs.27 Lakh, and Rs.0.45 Lakh, respectively.
Mafia Trends IPO – Promoters
The Promoter of this company is:
- Rajendra Singh Rajpurohit
- Mahendra Singh Rajpurohit
List of Related Parties (Key Managerial Personnel)
- Nikundra Harjibhai Desai, Chief Financial Officer
- Shalini Somani, Chief Financial Officer
- Shashank Poddar, Company Secretary
Mafia Trends IPO – Promoters Holding
- Pre Issue Share Holding – 87.42%
- Post Issue Share Holding -%
Mafia Trends IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 12,84,000 Equity Shares aggregating up to Rs. 359.52 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 68,000 Equity Shares aggregating up to Rs.19.04 Lakh |
| Net Issue to the Public | Up to 12,16,000 Equity Shares aggregating up to Rs. 340.48 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 31,49,550 Equity Shares |
| Equity Shares outstanding after the Issue | 44,33,550 Equity Shares |
Mafia Trends IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding the working capital requirements of the company
2. General Corporate Purposes
Mafia Trends IPO – Business Strategy
- Regional cluster-based expansion and penetration
- Dedicated focus towards increasing same store sales growth
- Using ERP for target marketing to increase repeat purchase & loyalty
- Continue to invest in IT infrastructure
Mafia Trends IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Expertise
- Quality Customer Base
- Quality and focus on customer satisfaction
- Satisfactory track record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 13.09 | 23.95 | 48.80 |
| 31-Mar-21 | 4.32 | 11.76 | – |
| 31-Mar-20 | 0.07 | 0.22 | – |
Mafia Trends IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Mafia Trends Limited | 10 | 2.14 | 13.09 | 33.05 | 5,739.58 |
| Listed Peers | |||||
| V-Mart Retail Limited | 10 | 488.40 | 5.88 | 1.37 | 1,68,013.44 |
| Trent Limited | 1 | 203.92 | 7.02 | 9.18 | 4,15,970 |
Mafia Trends IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED (Formerly known as Alpha Numero Services Private Limited) 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahmedabad-380 054, Gujarat, India. Contact Person: Mohit Baid Tel.: +91 87775 64648 Facsimile: N.A. E-mail: info@gyrcapitaladvisors.com Investor grievance: investors@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com SEBI Registration Number: INM000012810 CIN: U67200GJ2017PTC096908 |
Mafia Trends IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli West, Mumbai – 400 083 Maharashtra, India Contact Person: Shanti Gopalkrishnan Tel.: +91 22 4918 6200 Email: mafia.ipo@linkintime.co.in Investor grievance e-mail: mafia.ipo@linkintime.co.in Website: www.linkintime.co.in SEBI Registration No. : INR000004058 CIN: U67190MH1999PTC118368 |
Mafia Trends IPO – Other Details
- Statutory Auditor – Piyush Kothari & Associates,
- Legal Counsel to the Company – T&S Law
- Bankers to the Company –Union Bank of India
Mafia Trends IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Mafia Trends Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Mafia Trends IPO Review FAQs
Check out various FAQs related to Mafia IPO:
What is the Issue Size of Mafia Trends IPO?
The Company is making an initial public offer of 12,84,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Mafia Trends IPO?
The price band for this particular IPO ranges between Rs. 28. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Mafia Trends IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 22, 2022, while the closing date is set at Sep 27, 2022.
What is the Mafia Trends IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 30, 2022, refund initiation is on Oct 3, 2022, credit of shares is on Oct 4, 2022, and share listing date is on Oct 6, 2022.
What is the Mafia Trends IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 6, 2022. The date, when the listing would be done, is stagnant on Oct 6, 2022.
Who is the Registrar of Mafia Trends IPO?
One of the reputed registrars is managing the issue of this IPO, Link Intime India Private Limited . Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Mafia Trends IPO?
Here are the promoters of this IPO – Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Mafia Trends IPO?
We have obtained the GMP of this IPO and it is Rs.3. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Rhetan IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Mafia Trends Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20,and 31-Mar-19 were Rs.81.79Lakh, Rs.27 Lakh, Rs.0.45 Lakh, Rs.22.02 Lakh respectively.
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