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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1031.1 | 1282.33 | 22.02 | 202.19 | 139.75 |
| 31-Mar-20 | 1154.18 | 1147.86 | 0.45 | 202.64 | 140.2 |
| 31-Mar-21 | 801.43 | 400.8 | 27 | 229.64 | 167.2 |
| 31-Mar-22 | 1062.72 | 715.28 | 81.79 | 341.56 | 271.57 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Funding the working capital requirements of the company
b) General Corporate Purposes
Mafia Trends IPO Details
| Mafia Trends IPO Date | Sep 22, 2022 to Sep 27, 2022 |
| Mafia Trends IPO Face Value | ₹10 per share |
| Mafia Trends IPO Price | ₹28 per share |
| Mafia Trends IPO Lot Size | 4000 Shares |
| Issue Size | 1,284,000 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Fresh Issue | 1,284,000 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Rajendra Singh Rajpurohit and Mahendra Singh Rajpurohit are the company promoters. |
Mafia Trends IPO Timeline
Mafia Trends IPO opens on Sep 22, 2022, and closes on Sep 27, 2022. The Mafia Trends IPO bid date is from Sep 22, 2022 10.00 A.M. to Sep 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Mafia Trends IPO Opening Date | Sep 22, 2022 |
| Mafia Trends IPO Closing Date | Sep 27, 2022 |
| Basis of Allotment | Sep 30, 2022 |
| Initiation of Refunds | Oct 3, 2022 |
| Credit of Shares to Demat | Oct 4, 2022 |
| Mafia Trends IPO Listing Date | Oct 6, 2022 |
Mafia Trends IPO Lot Size
The Mafia Trends IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
Mafia Trends IPO Promoter Holding
| Pre Issue Share Holding | 87.42% |
| Post Issue Share Holding |
Mafia Trends IPO Prospectus
Company Contact Information
Mafia Trends Limited
1, Prabhu Kutir Complex,
Sandesh Press Road, Vastrapur,
Ahmedabad – 380 015
Phone: +91 77780 43457
Email: grievance@mafiastores.com
Website: http://www.mafiastores.com/index.html
Mafia Trends IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mafia.ipo@linkintime.co.in
Website: https://linkintime.co.in/