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Mainline IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status

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
Tel No: 022- 28581499 / 28578954,
Contact Person: Mr. Kamlesh Vyas
Registrar of Milestone Furniture Limited IPO
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
Investor Grievance Email:
SEBI Registration No: INR000000221
Contact Person: M. Murali Krishna
Lead Managers of Milestone Furniture Limited IPO
Monarch House,
Opp :- Ishwar Bhuvan,
Commerce Six Road,
Ahmedabad - 380014.
Tel. No. – 079 – 6600 0500/ 700
Investor Grievance Email:
Contact Person: Mr. Shivam Patel
SEBI Regn. No. MB/ INM000011013
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Milestone Furniture Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

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