Mukesh Trends Lifestyle Limited IPO (MTLL IPO) Dates, Bid, Size, Allotment, Subscription, GMP
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the Mukesh Trends IPO release date, IPO offer price, MTLL IPO subscription, Mukesh Trends LifeStyle 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 | NA |
| Listing At | BSE SME |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs [●] Lakhs |
| Fresh Issue | Rs [●] Lakhs |
| IPO Size | Rs [●] Lakhs |
| Tick Size | Rs.1 |
Mukesh Trends Life Style IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| Mukesh Trends Life Style Share Price – Live Performance |
Summary of Mukesh Trends Life Style Limited IPO (MTLL IPO)
Company is engaged in the business of fabric processing, including bleaching, dyeing, printing and finishing of grey fabric to produce finished knitted and woven fabrics.
They specialize in processing of a wide range of fabrics like 100% cotton, polyester, nylon, acrylic, linen, viscose, vortex viscose, cotton elastane, cellulosic fibers, blended fabric, etc.
In the Fiscal year 2015, they started exporting their printed fabrics to United Arab Emirates, further in the year 2018, they started exporting to countries such as Bangladesh and Sri Lanka, where fabrics are used as raw materials for manufacturing finished products.
Their current manufacturing unit consists of five facilities, namely, knit facility, woven facility, print facility, R&D
facility and other utilities.
The Promoters of this company are Mukesh Trends Life Style Limited and Communication Limited IPO is MUKESH DEVKINANDAN AGARWAL. The lead managers to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Mukesh Trends Life Style Limited IPO Date
The opening and the closing date of the MTLL IPO are not known yet.
Check out Related IPO Links:
| Mukesh Trends IPO GMP |
| Allotment of Mukesh Trends IPO |
Mukesh Trends Lifestyle Limited / MTLL IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Mukesh Trends Life Style Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Mukesh Trends Life Style Limited IPO Price Band or Cash Price
The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]
Mukesh Trends Life Style Limited IPO Issue Size
This Initial Public Issue of [●] Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
Mukesh Trends Life Style Limited IPO Equity Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,
Issue Size: [●] Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.
Mukesh Trends Life Style IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Mukesh Trends Life Style Share Price |
Mukesh Trends Life Style IPO Grey Market Premium
The Mukesh Trends Life Style Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Mukesh Trends Life Style Limited – Company Overview
Company commenced their commercial production in 1990 with an installed capacity of 5 million meters per annum for the production of woven fabrics .
Thereafter, in the year 2016, the installed capacity for processing of woven fabric under the guidance of Promoter and with regular modernization of the machinery and technology processes in addition to the expansion programs was increased to 50 million meters per annum.
Mukesh Trends Life Style Limited Business Model
They are engaged in the business of fabric processing, including bleaching, dyeing, printing and finishing of grey fabric to produce finished knitted and woven fabrics. Company specialize in processing of a wide range of fabrics like 100% cotton, polyester, nylon, acrylic, linen, viscose, vortex viscose, cotton elastane, cellulosic fibers, blended fabric, etc.
Company generally manufacture their products for direct sale to their customers such as retailers, garment manufacturers, brands, textile traders and other textile intermediaries, but they also engage in providing job work services for processing, dyeing and printing of fabrics.
Business strategies of Mukesh Trends Life Style Limited
- Setting up of new manufacturing unit for Knitted Denims
- Diversifying and increasing penetration in markets
- Increasing their Global presence
- Strengthen their marketing network
Mukesh Trends Life Style Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of Mukesh Trends Life Style Limited IPO
On the basis of Standalone statement:-
| Amount (in INR & millions) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 1,978.87 | 1,908.72 | 1,713.77 |
| Total Revenue | 2,366.20 | 2,353.16 | 2,130.15 |
| Total Expense | 2,169.04 | 2,230.57 | 2,100.96 |
| Profit After Tax | 133.28 | 74.08 | 28.52 |
Earnings per Equity Share (in millions)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 6.18 | 3.92 | 1.65 |
MTLL’s revenue from operations for Fiscals 2019, 2018 and 2017 were Rs 2,341.81 million, Rs 2,325.43 million and Rs 2,100.10 million respectively, and grew at a CAGR of 5.60% over such period.
Their EBITDA for Fiscals 2019, 2018 and 2017 were Rs 369.36 million, Rs 293.06 million and Rs 184.06 million, respectively, and grew at a CAGR of 41.66% over such period. Their profit after tax for Fiscals 2019, 2018 and 2017 was Rs 133.28 million, Rs 74.08 million and Rs 28.52 million respectively, and grew at a CAGR of 116.18%.
Mukesh Trends Life Style Limited IPO – Promoters
The Promoter of this company is:
- MUKESH DEVKINANDAN AGARWAL
List of Related Parties (Key Managerial Personnel)
- Kailash Jamnalal Dudhani
- Dashang Manharlal Khatri,
Mukesh Trends Life Style Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Issue of Equity Shares by their Company | Upto 10,000,000 Equity Shares of face value of Rs 10 each fully paid-up of their Company for cash at a price of Rs[●] per Equity Share aggregating to Rs [●] million |
| Of which: | |
| Market Maker Reservation Portion | Upto [●] Equity Shares |
| Net Issue to the Public | Upto [●] Equity Shares |
| Of which: | |
| (A) Retail Portion | Upto [●] Equity Shares |
| (B) Non – Institutional Portion | Upto [●] Equity Shares |
| Pre-and Post-Issue Equity Shares | |
| Equity Shares outstanding prior to the Issue | 22,451,116 Equity Shares |
| Equity Shares outstanding after the Issue | Upto [●] Equity Shares |
Mukesh Trends Life Style Limited / MTLL IPO Issue Object
These are the IPO Issue Objects of the company
- Setting up of a manufacturing unit for knitted denim fabrics
- Funding the working capital requirement of the company; and
- General Corporate Purposes.
Mukesh Trends Life Style Limited / MTLL IPO – Basis of the 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:
- One of the leading textile manufacturer with long standing market presence;
- Location advantage;
- Quality Assurance and Quality Control of their products;
- In-house design capabilities and techniques;
- Diversified product portfolio;
- Government Incentives;
- Cost effective production and timely fulfilment of orders; and
- Well Experienced Management team with proven project management and implementation skills.
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Mar-17 | 1.65 | 6.95% | – |
| 31-Mar-18 | 3.92 | 15.25% | – |
| 31-Mar-19 | 6.18 | 19.06% | 31.15 |
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
| Particulars | P/E ratio |
| Highest | 83.67 |
| Average | 45.85 |
| Lowest | 9.18 |
- Competitive Peers:
| Companies | EPS | PE Ratio | RONW (%) | NAV (Per Share) | Face Value |
| Mukesh Trends Life Style Limited and Communication Limited | 6.18 | [●] | 19.06 | 31.15 | 10.00 |
| Jindal Worldwide Limited | 1.32 | 44.70 | 7.64 | 17.24 | 1.00 |
| Vishal Fabrics Limited | 4.11 | 83.67 | 8.24 | 49.34 | 5.00 |
| Maral Overseas Limited | 1.96 | 9.18 | 8.08 | 24.23 | 10.00 |
MTLL IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Telephone: + 91 22 6194 6700 Facsimile: +91 22 2659 8690 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com Investor Grievance ID: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration Number: INM000012110 |
Mukesh Trends Life Style Limited IPO Registrar to offer
| MTLL IPO Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India. Telephone: +91 022 4918 6200 Facsimile: +91 022 4918 6195 Email: mukeshtrends.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance ID: mukeshtrends.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Mukesh Trends Life Style Limited IPO Other Details:
- Statutory Auditor – M/s. Abhishek Kumar & Associates, Chartered Accountants
- Peer Review Auditor – M/s. Abhishek Kumar & Associates, Chartered Accountants
- Bankers to the Company – HDFC Bank Limited,Axis Bank Limited, State Bank of India Limited
Mukesh Trends Life Style Limited IPO News
News 1 – Download DRHP Prospectus
Mukesh Trends Life Style IPO Review FAQs
Ques – What is the Issue Size of Mukesh Trends Life Style IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Mukesh Trends Life Style IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Mukesh Trends Life Style IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Mukesh Trends Life Style IPO good for Investment?
Answer – 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.
Ques – What is the PAT of this Company?
Answer – 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 financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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