Mittal Life Style Limited, founded in 2005, is a trading company that emphasises in denim and bottom fabrics. Brijeshkumar Jagdishkumar Mittal created the company with a passion for denim and years of experience in the denim fabric sector. The company brings out the versatile nature and durability of the fabric and presents its customers with high-quality material.
Mittal Life Style supplies its fabric products to various businesses in the textile industry and these products include:
- Fashion Fabrics
- Cotton Canvas denim
- Dupion bottom Fabrics
- Polyester Fabrics
- Cotton Fabric
- Knit fabrics
With denim jeans manufacturing rights for packaging such as “GERICHO LONDON,” “MITTALIER LONDON,” and “MCALLEN PARIS,” the company offers its products both offline and online. Customers can find these products on platforms such as Glowroad, Snapdeal, Amazon, Limeroad, Flipkart, Meesho, Shopclues, Paytm, 2GUD, and others.
Two generations of the Mittal family are trying to grow the company and realize its potential through flexible and responsive trading operations. Today, the company boasts one of the biggest stock-supported options of denim textiles accessible in India, with over 100 regular varieties stored. Some of the distinctive features of the company are:
- Price
- Friendly and efficient service
- The vast range of denim fabrics
- A Stock Service second to none
Mittal Life Style Rights Issue 2023 Detail
| Issue Open | Feb 22, 2023 – Mar 3, 2023 |
| Security Name | Mittal Life Style Limited |
| Issue Size (Shares) | 14,934,448 |
| Issue Size (Amount) | ₹14.93 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share for every 1 fully paid-up Equity Share held as on the Record Date |
Objects of the Issue:
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
- To augment the existing and incremental working capital requirement of our Company; and
- General Corporate Purposes
Mittal Life Style Rights Issue 2023 Issue Timetable
| Record Date | Feb 13, 2023 |
| Credit of Rights Entitlements | Feb 17, 2023 |
| Bid/Offer Opens On | Feb 22, 2023 |
| Renunciation of Rights Entitlements | Feb 27, 2023 |
| Bid/Offer Closes On | Mar 3, 2023 |
| Deemed Date of Allotment | Mar 14, 2023 |
| Credit Date | Mar 17, 2023 |
| Listing Date | Mar 22, 202 |
Mittal Life Style Limited Financial Information (Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 26.57 | 53.22 | 0.26 | 13.66 |
| 31-Mar-22 | 19.61 | 52.55 | 0.18 | 16.02 |
Company Contact Information
Mittal Life Style Limited
Unit No. 8/9, Ravikiran,
Ground Floor, New Link Road, Andheri (West),
Mumbai – 400 053
Phone: + 91 22 2674 1792
Email: [email protected]
Website: http://www.mittallifestyle.in
Mittal Life Style Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Mittal Life Style Rights Issue 2023 Lead Manager(s)
- Saffron Capital Advisors Private Limited
Mittal Life Style Rights Issue 2023 FAQs
Q1. When is Mittal Life Style Rights Issue 2023 coming?
Ans. The Mittal Life Style Rights Issue 2023 opens on Feb 22, 2023, and closes on Mar 3, 2023.
Q2. What is the schedule for Mittal Life Style Rights Issue 2023?
Ans. Mittal Life Style Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Feb 17, 2023 Last Date for renunciation of Rights Entitlements Feb 27, 2023 Issue Opening Date Feb 22, 2023 Issue Closing Date Mar 3, 2023 Date of Allotment (on or about) Mar 14, 2023 Date of Credit (on or about) Mar 17, 2023 Date of Listing (on or about) Mar 22, 2023
Q3. What is the issue price for Mittal Life Style Rights Issue 2023?
Ans. Mittal Life Style Rights Issue 2023 price is set at ₹10 per share per equity share.
Q4. In what ratio is the Mittal Life Style Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 Rights Equity Share for every 1 fully paid-up Equity Share held as on the Record Date (Feb 13, 2023).
Q5. What is the record date for Mittal Life Style Rights Issue 2023?
Ans. The record date for the Mittal Life Style Rights Issue 2023 is Feb 13, 2023.
Q6. What is the issue size of Mittal Life Style Rights Issue 2023?
Ans. The issue size of Mittal Life Style Rights Issue 2023 is of 14,934,448 equity shares at ₹10 per share aggregating upto ₹14.93 Crores.
Q7. How to apply for Mittal Life Style Rights Issue 2023?
Ans. You can apply for Mittal Life Style Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Mittal Life Style Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Mittal Life Style Rights Issue 2023 available on the list.
- Click the Apply button next to the Mittal Life Style Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below
Steps to apply for Mittal Life Style Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Mittal Life Style Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
