Incorporated in 2014, Mumbai based Milestone Furniture Limited is engaged in the manufacturing and marketing of Interior and Modular Furniture business.
The company has developed expertise in Space & workstation Management, designing and innovation in Furniture used in Education, Healthcare and Corporate organization. It also
developed the In-house technical & Design team to provide turnkey solutions and implementation of interior and workspace in Commercial, Residential and Institutions. It has developed an In-house team of professionals for design, drawing, and space management interiors suitable and specification of client needs.
Milestone has a high tech manufacturing equipment and Design facility to manufacture the various combination and size products in Sakinaka, Mumbai. The Company currently has 70 employees on its payroll.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To set up the manufacturing facility to manufacture the modular and innovative furniture | ₹10 |
| 2 Working Capital Requirement | ₹4 |
| 3 General Corporate Expenses | ₹2 |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 53,160,563 | 23,014,900 | 21,710,118 |
| Revenue | 89,467,999 | 55,175,651 | 33,229,409 |
| PAT | 3,247,677 | 1,989,136 | 542,472 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,566,000 (48%) | — |
| Retail (RII) | — | 1,566,000 (48%) | — |
| Market Maker | — | 165,000 (5%) | — |
| Total | — | 3,297,000 (100%) | — |
* Amount calculated at upper price band (₹45) · ** Total includes all investor categories
- 1 Initiation of Refund 17 May 2018
- 2 Credit of Shares to Demat 18 May 2018
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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