Saturday, April 28, 2018

Milestone Furniture IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

Milestone Furniture Ltd is based in Mumbai. The company is in the field of interior, builders and developers, furniture, turnkey solutions and related products. The company is catering to commercial, residential, colleges, schools and other education institutes as well. The company provides solutions to electrical civil, ceilings, painting, pop, plumbing, furniture, wallpapers, blinds, curtains and more. The have showrooms in Dehradun, Saharanpur, Chomu, Guwahati, Jeopur, Patna, Raxaul, Bhagalpur, Calicut and Hyderabad. They appointed dealers for the showrooms while they are present in 17 states via distributors and dealers. Milestone Furniture ipo is starting from 7-May and ends on 11-May. The price band is around Rs.45 with - market lot. The ipo size is around 14.84 crore rupees.

IPO Review:
  • Avoid/ Risky
Milestone Furniture IPO Dates & Price Band:
  • IPO Open: 7-May-2018
  • IPO Close: 11-May-2018
  • IPO Size: Approx Rs 14.84 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.45 Per Equity Share
  • Listing on: BSE SME
  • Shares: 3,297,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3000 Shares (Minimum Lot Size)
  • Amount: Rs.1,35,000
IPO Allotment & Listing:
  • Basis of Allotment: 16-May-2018
  • Refunds: 17-May-2018
  • Credit to demat accounts: 18-May-2018
  • Listing: 21-May-2018
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Financial Results:

Rs. in Crore

2014 2015 2016 2017 2018 (8M)
Revenues 0.38 3.32 5.52 8.95 23.72
Expenses 0.33 3.24 5.24 8.44 22.66
PAT 0.03 0.05 0.20 0.33 0.85

Grey Market Premium:
  • The grey market is around Rs.6000 Subject to Sauda.
Milestone Furniture IPO Subscription Status:
  • IPO Subscribed 3.70 times overall
Milestone Furniture IPO Allotment Status:
Company Promoters:
  • Mr. P.S. Ganeshkumar
  • Mr. Digambar Songhare
Quick Links:
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Red Herring Prospectus

IPO Registrar:
Tel. No. +91 40 6716 2222
IPO Lead Managers:
Company Address:
Milestone Furniture Ltd
1st Floor, Aslam Compound Shree Nagar,
Behind Boghul House, Chandivali Road, Sakinaka
Mumbai, Maharashtra - 400072
Contact Person: Mr. Kamlesh Vyas
Tel No: 022-28581499 / 28578954