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Milestone Furniture Limited IPO

Add to Calendar 2018-05-07 12:00 AM 2018-05-11 12:00 AM Asia/Kolkata Milestone Furniture Limited IPO Milestone Furniture Limited India

Milestone Furniture Limited is a Mumbai based company engaged in manufacturing and marketing of Interior and Modular furniture business. The company has 70 employees on its payroll.

Date of establishment: The company was formed in 2014 in Mumbai, operating from sakinaka office.

Promoters of Milestone Furniture Limited: Mr. Digamber Sudam Songhare and Mr. P. S. Ganeshkumar are the promoters of the company.

Products and services: Milestone furniture manufactures and sells the furniture used in space and workstations this includes designing, management and innovation.

Customer segment: The company has offering for businesses and individuals and provides its products and services for interiors and workspace.

Objects of the issue: The Objects of the Issue are:

-      To set up the manufacturing facility to manufacture the modular and innovative furniture
-      Maintaining Working Capital
-      General Corporate Expenses; and
-      To meet the expenses of the Issue brought

Company Financials:

Particulars

For the year/period ended (in Rs. Millions)

 

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

 

 

 

Issue Detail

  • Issue Open: May 07, 2018
  • Issue Close: May 11, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 45 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 14.84 Cr

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