Let’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.
Mukesh Trends Life Style Limited IPO Review & Ratings
|MTLL IPO Ratings & Review|
|Top Brokers Review||6.9/10|
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.
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%.
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.
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Mukesh Trends Life Style Limited IPO Date
The opening and the closing date of the MTLL IPO are not known yet.
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|
|Credit of Shares to Demat Account|
|Share Listing Date|
Mukesh Trends Life Style Limited IPO Price Band or Cash Price
Rs. [•] per Equity Share
Mukesh Trends Life Style Limited IPO Issue Size
Rs. [•] per Equity Share
Mukesh Trends Life Style Limited IPO Equity Share Offering
The Issue size comprises issuance of up to 10,000,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] millions.
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)|
|Profit After Tax||133.28||74.08||28.52|
Earnings per Equity Share (in millions)
|Basic & Diluted||6.18||3.92||1.65|
From the above statements, one could find that Mukesh Trends Life Style Limited may perform well.
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,
Interest in promotion of the Company
Promoter is interested in their Company to the extent that he has promoted Company and to the extent of
his shareholding in Company. Promoter is also interested in Company as the Whole-time Director and Chief Executive Officer and any remuneration payable to him in such capacity.
Promoter are not interested in the properties acquired by their Company in the three years preceding the date of filing of this Draft Red Herring Prospectus with SEBI or proposed to be acquired by their Company.
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
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|
|Market Maker Reservation Portion||Upto [●] Equity Shares|
|Net Issue to the Public||Upto [●] Equity Shares|
|(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.)|
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
- 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
|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
Investor Grievance ID: firstname.lastname@example.org
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
Investor Grievance ID: email@example.com
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 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.
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Mukesh Trends Life Style Limited IPO News
News 1 – Download DRHP Prospectus
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