Mafia Trends IPO Details & Guidance

Listed on 6 October 2022
Issue price Rs. 28
Listed at Rs. 32.65 (16.60% premium)
Day 1 closed at Rs. 31.10

Grey Market News for Mafia Trends IPO #
On 6 October 2022
Subject to Rates: Not started
Grey Market Premium:  Rs. –

Mafia Trends IPO Subscription Status
On 27 September 2022 @ 5.00 pm
NII 608,000 Shares: 3.91 T
RII 608,000 Shares: 5.97 T
Tot 12,16,000 Shares: 4.94 T

Mafia Trends IPO Details
IPO Date September 22, 2022, to September 27, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 28 per share
IPO Lot Size 4000 Shares
Issue Size 13,00,000 shares of Rs 10
(Aggregating up to Rs 3.64 Cr)
Fresh Issue 13,00,000 shares of Rs 10
(Aggregating up to Rs 3.64 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At BSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 608,000 Shares

Minimum 4000 Shares, Rs. 112,000
Maximum 4000 Shares, Rs. 112,000
152 Applications required for onetime RII-subscriptions.

Mafia Trends IPO Timetable 
IPO Opening Date: September 22, 2022
IPO Closing Date: September 27, 2022
Basis of Allotment: September 30, 2022
Initiation of Refunds: October 03, 2022
Credit of Shares to Demat: October 04, 2022
IPO Listing Date: October 06, 2022

Mafia Trends Business:

The company is one of the pioneers in setting up stores across various small Indian towns and cities including Kalol, Vadodara, along with Ahmedabad. It primarily operates in Tier-II and Tier-III cities, with a chain of ‘Value Retail’ departmental stores offering clothing, apparels, general merchandise catering to the men.
Based in Ahmedabad, its operations are spread across small cities and some parts in Gujarat. In 2011, it started its operations.

Its first store was named ‘Mafia Western Outfit’ at Ahmedabad, Gujarat, and currently operate 8 stores spread across 3 cities in Gujarat. The stores are located in Ahmedabad, Kalol and Vadodara. The Company follows the concept of ‘Value Retailing’ to target the strata of the population belonging to the expanding aspiring class and middle class based on the customer’s socio-economic conditions, purchasing power, demographic details and customer trends. It believes its offerings in untapped markets, provide its customers with a different shopping experience, comprising of a vast range of value retail products under a modern ambience and feel of a large retail mall.

For more information about the company, Click Website: www.mafiastores.com

Promoters of Mafia Trends
RAJENDRA SINGH RAJPUROHIT & MAHENDRA SINGH RAJPUROHIT

Mafia Trends: Objects of the IPO
To meet working capital requirements

Registered office of Mafia Trends
1, Prabhu Kutir Complex, Sandesh Press Road, Vastrapur, Ahmedabad – 380 015, Gujarat, India
Company Secretary and Compliance Officer: Shashank Poddar

Lead Manager of Mafia Trends
GYR Capital Advisors

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 0.07
Earnings per Share 2020-21 Rs 4.32
Earnings per Share 2021-22 Rs –
Return on Net Worth: 19-20: 0.22 %
Return on Net Worth: 20-21: 11,76 %
Return on Net Worth: 21-22: – % 
Book Value of the Share as on 31.03.21 Rs 36.78
NAV after the IPO Rs. (?)
Offer Price Rs. 28

IPO Peer Comparison:
The Company believes that none of the listed companies in India offer products or services across the various business segments in which it operates. Hence a strict comparison is not possible.

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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