Mafia Trends Limited

Company Name	Mafia Trends Limited
Open Date	22-09-2022
Close Date	27-09-2022
Exchange	BSE SME
Lot Size	4000 Shares
Issue Price	₹ 28 per share
Issue Size	12,84,000 Equity Shares
Application Amount	₹ 1,12,000
Recommendation	Avoid

Mafia Trends Limited was incorporated in the year 2017 in Gujarat. The company’s business revolves around marketing and selling of Men’s & kids fashion such as Jeans, T-shirts, Shirts, Chinos, Formal trousers and Formal shirts, through a chain of clothing stores under the brand name Mafia. Company currently operates 8 stores spread across 3 cities and one warehouse in Gujarat. Company is mainly focused on setting up business in the Tier II and Tier III cities of India through its retails outlet.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-22	Mar-21	Mar-20
Total Assets	1,062.72	801.43	1,154.18
Net Assets	341.56	226.64	202.64
Total Borrowings	212.07	263.15	276.45
Total Revenue	715.28	400.80	1,147.86
Profit After Tax	81.79	27.00	0.45

Tentative Timeline

Opening Date	22-09-2022
Closing Date	27-09-2022
Basis of Allotment	30-09-2022
Initiation of Refunds	03-10-2022
Credit of Shares to Demat	04-10-2022
Listing Date	06-10-2022

Objects of the Issue

Funding the working capital requirements of the company

General Corporate Purposes

Contact Information

Registered Office	Mafia Trends Limited 1, Prabhu Kutir Complex, Sandesh Press Road, Vastrapur, Ahmedabad – 380 015
Phone	+91 77780 43457
Email	grievance@mafiastores.com
Website	http://www.mafiastores.com/index.html

Offer Documents

Mafia Trends Limited DRHP

Mafia Trends Limited RHP

Registrar Details

Name	Link Intime India Private Limited
Phone	+91-22-4918 6270
Email	mafia.ipo@linkintime.co.in
Website	https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	68,000 (5.30%)
Other Shares Offered	6,08,000 (47.35%)
Retail Shares Offered	6,08,000 (47.35%)
Total Shares Offered	12,84,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)

87.42%