Milestone Furniture Limited IPO Details

Milestone Furniture Limited was established 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 Furniture Limited IPO Details
Issue Open	07-05-2018
Issue Close	11-05-2018
Allotment Date	17-05-2018
Unblocked Amount	18-05-2018
Listing Date	21-05-2018
Issue Share	32,97,000 Total Equity Share 1,65,000 Reserved by Market Maker 31,32,000 Equity Share
Issue Size	₹ 14.84 Cr
IPO Price Band	₹ 45
Minimum Share Bid	3000
Minimum Investment Amount [Rs]	₹ 1,35,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ 6000

Milestone Furniture Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	0.37	0.32	0.03
FY-2015	3.32	3.24	0.05
FY-2016	5.52	5.24	0.19
FY-2017	8.95	8.44	0.32
Sept-FY-2017	20.45	19.61	0.63

Milestone Furniture Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	15,66,000	15,66,000	31,32,000
Day-1 [07-05-2018]	12,75,000 [0.82]	26,79,000 [1.72]	39,54,000 [0.94]
Day-2 [08-05-2018]	12,75,000 [0.82]	34,98,000 [2.23]	47,73,000 [1.52]
Day-3 [09-05-2018]	12,75,000 [0.81]	38,94,000 [2.49]	51,69,000 [1.65]
Day-4 [10-05-2018]	12,81,000 [0.82]	54,03,000 [3.45]	66,84,000 [2.13]
Day-3 [11-05-2018]	14,81,000 [0.90]	1,07,88,000 [6.89]	1,22,04,000 [3.90]

Milestone Furniture Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 93.93
Price/Earnings [P/E] Ratio	0.48
Return on Networth [RoNW]	8.00 %
Net Asset Value [NAV]	₹ 13.36 Per Share

Milestone Furniture Limited IPO Contact Details
Milestone Furniture Limited 1st Floor, Aslam Compound Shree Nagar, Behind Boghul House, Chandivali Road, Sakinaka Mumbai, Maharashtra - 400072 India Tel No: 022- 28581499 / 28578954, E-mail: vyas_cs@yahoo.in, admin@milestonefurniture.com Website: www.milestonefurniture.com Contact Person: Mr. Kamlesh Vyas

Registrar of Milestone Furniture Limited IPO
KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Finacial District, Nanakramguda, Hyderabad-500032, Telangana, India Tel No:+91 40 - 6716 2222 Fax No:+91 402343 1551 E-mail:einward.ris@karvy.com Investor Grievance Email: pentagold.ipo@karvy.com Website:www.karisma.karvy.com SEBI Registration No: INR000000221 Contact Person: M. Murali Krishna

Lead Managers of Milestone Furniture Limited IPO
MONARCH NETWORTH CAPITAL LIMITED, Monarch House, Opp :- Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad - 380014. Tel. No. – 079 – 6600 0500/ 700 Email: shivam.patel@mnclgroup.com Website: https://www.mnclgroup.com Investor Grievance Email: mbd@mnclgroup.com Contact Person: Mr. Shivam Patel SEBI Regn. No. MB/ INM000011013

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Milestone Furniture Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral