IPO Synopsis
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Milestone Furniture Ltd
Registered Office:
1st Floor Aslam Compound Shree,Nagar Chandivali Road Sakinaka,
Mumbai - 400072,
Maharashtra, India.
Public issue of 32,97,000 equity shares of face value of (Rs) 10/- each ("equity shares") of Milestone Furniture Limited ("the company" or "the issure") for cash at a price (Rs) 45/- per equity share (including a share premium of (Rs) 35/- per equity share) ("issue price") aggregating to (Rs) 14.84 crores ("the issue"), of which 1,65,000 equity shares of face value of (Rs) 10/- each for a cash price of (Rs) 45/- per equity share, aggregating to (Rs) 0.74 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 31,32,000 equity shares of face value of (Rs) 10/- each at an issue price of (Rs) 45 per equity share aggregating to (Rs) 14.10 crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 35.46% and 33.69%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs) 10/- each and the issue price is (Rs) 45/-. The Issue price is 4.5 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
07-May-18
11-May-18
45.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
15.59
Monarch Networth Capital Ltd
Project Financed through Current Offer
14.84
 
Post Issue Equity Share Capital
9.30
 
Issue Price
45.00
 
Projects
To set up the manufacturing facility to make modular innovative furniture with industrial premises
Working capital requirement
General corporate expenses
Promoted By
Digamber Sudam Songhare
P S Ganeshkumar
Listing At
BSE - SME
Registrar to the Issue
Karvy Computershare Pvt Ltd
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