Incorporated in the year 2005, Mittal Life Style Ltd is a Mumbai based company dealing in Denim & Bottom weight Fabrics. The company is a prominent supplier of Fashion Fabrics, Cotton Canvas denims, Dupion bottom Fabrics, Polyester Fabrics, Cotton Fabric, knit fabrics etc. to the textile industry.
The company has tied-up with about 16 Composite mills to get denim fabric manufactures as per its need and requirements. Some of the company's regular suppliers are Mafatlal Industries Limited, Oswal Industries Limited, Bhaskar Industries Private Limited, Nandan Denim Limited etc. The Company has also tie-up with 11 logistic companies to pick denim fabric from various mills and warehouse at their premises.
Some of the competitive strengths of the company are-
1. Existing relationship with suppliers
2. Customer Centric Business Model
3. Promoters and Experienced Management
As on October 30, 2017 Mittal Life Style had 12 Permanent employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Repayment of Unsecured Borrowings | ₹3 |
| 2 General Corporate Purpose | ₹1 |
| 3 Issue Expenses | ₹0 |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 1,694 | 1,271 | 919 |
| Revenue | 7,857 | 5,904 | 4,635 |
| PAT | 34 | 1 | 1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 990,000 (47%) | — |
| Retail (RII) | — | 990,000 (47%) | — |
| Market Maker | — | 120,000 (6%) | — |
| Total | — | 2,100,000 (100%) | — |
* Amount calculated at upper price band (₹21) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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