The Milestone Furniture Ltd IPO date has been confirmed from May 7, 2018 and ended on May 11, 2018. Read the post to learn about Milestone Furniture Ltd IPO GMP.
Milestone Furniture Ltd IPO is a fixed price issue of Rs 14.84 crores. The price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Milestone Furniture Ltd IPO:
Bidding Dates
May 7-11
Price Range
₹45 per share
Face Value
₹10 per share
GMP
₹4.99
Milestone Furniture Ltd IPO GMP
The Milestone Furniture IPO GMP Today is ₹4.99.
Milestone Furniture Ltd IPO Overview
Milestone Furniture Ltd IPO is a Rs 14.84 crore fixed price issuance. Bidding for the Milestone Furniture IPO began on May 7, 2018 and closed on May 11, 2018. Milestone Furniture Ltd IPO allotment was completed on Wednesday, May 16, 2018. On May 21, 2018, the shares were listed on the BSE SME. The IPO price for Milestone Furniture is ₹45 per share.
Milestone has high-tech production equipment and a design facility in Sakinaka, Mumbai, to create the various combination and size goods. The organisation now employs 70 people. A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of ₹135,000.
Milestone Furniture Ltd IPO Details
| IPO Date | May 7, 2018 to May 11, 2018 |
| Listing Date | May 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,297,000 shares (aggregating up to ₹14.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 165,000 shares |
Milestone Furniture Ltd IPO Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |||
| Total Assets | 53,160,563 | 23,014,900 | 21,710,118 | 8,257,681 | ||
| Total Revenue | 89,467,999 | 55,175,651 | 33,229,409 | 3,787,759 | ||
| Profit After Tax | 3,247,677 | 1,989,136 | 542,472 | 343,186 | ||
Milestone Furniture Ltd IPO Timeline
| IPO Open Date | Monday, May 7, 2018 |
| IPO Close Date | Friday, May 11, 2018 |
| Basis of Allotment | Wednesday, May 16, 2018 |
| Initiation of Refunds | Thursday, May 17, 2018 |
| Credit of Shares to Demat | Friday, May 18, 2018 |
| Listing Date | Monday, May 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 11, 2018 |
Company Profile
Milestone Furniture Ltd, situated in Mumbai, was founded in 2014 and specialises in the manufacturing and selling of interior and modular furniture. The company has established competence in the management of space and workstations, as well as the design and invention of furniture used in education, healthcare, and corporate organisations. It also established an in-house technical and design team to provide turnkey solutions and workplace implementation in commercial, residential, and institutional settings. It has built an in-house team of
professionals for interior design, sketching, and space management that meets the objectives of the client.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Milestone Furniture Limited |
| Phone number | 022- 28581499 / 28578954 |
| Email ID | [email protected] |
| Website | milestonegroup.asia |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Milestone Furniture Ltd IPO FAQs
When Milestone Furniture IPO will open?
The Milestone Furniture IPO opens on May 7, 2018 and closes on May 11, 2018.
What is the lot size of Milestone Furniture IPO?
Milestone Furniture IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
When is Milestone Furniture IPO allotment?
The finalization of Basis of Allotment for Milestone Furniture IPO will be done on Wednesday, May 16, 2018, and the allotted shares will be credited to your demat account by Friday, May 18, 2018.
When is Milestone Furniture IPO listing date?
The Milestone Furniture IPO listing date is on May 21, 2018.
Leave a Reply