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Milestone Furniture Limited IPO
BSE SMERs 1,35,000 / 3000 Shares
Milestone Furniture Limited IPO Details
The Milestone Furniture Limited IPO price band is set between Rs 45 Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Karvy Computershare Private Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 7 May, 2018 and closes on 11 May, 2018. Investors can check the allotment status on 17 May, 2018, while the listing date is tentatively scheduled for 21 May, 2018.
The total issue size is 32,97,000 Equity Shares of Rs 10/- each at a price of 45/- per share aggregating to 14.84 Cr, aggregating up to . Stay tuned for the latest Milestone Furniture Limited IPO review and GMP updates.
Milestone Furniture Limited IPO Review, Rating & Analysis
Milestone Furniture Limited IPO Review
NO REVIEWMilestone Furniture Limited IPO Rating
Milestone Furniture Limited IPO Highlights
IPO Date
May 7, 2018 - May 11, 2018
Listing Date
21 May, 2018
Face Value
Rs 10 Per Equity Share
Price Band
Rs 45 Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Milestone Furniture Limited IPO Lot Size
The minimum market lot for Milestone Furniture Limited IPO is 3000 shares with an application amount of ₹1,35,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,35,000 |
| Retail (Max) | 1 | 3000 | ₹1,35,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,70,000 |
| S-HNI (Max) | 7 | 21000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 24000 | ₹10,80,000 |
Milestone Furniture Limited IPO Timeline
Issue Price
Rs 45 Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
BSE SMERegistrar
Karvy Computershare Private LimitedLead Manager
MONARCH NETWORTH CAPITAL LIMITEDIssue Size
32,97,000 Equity Shares of Rs 10/- each at a price of 45/- per share aggregating to 14.84 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Digamber Sudam Songhare
- Mr. P. S. Ganeshkumar
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Milestone Furniture Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 15,66,000 | 15,66,000 | 31,32,000 |
Day 1 -07-05-18 | 12,75,000 0.81 x | 26,79,000 1.71 x | 39,54,000 1.26 x |
Day 2 -08-05-18 | 12,75,000 0.81 x | 34,98,000 2.23 x | 47,73,000 1.52 x |
Day 3 -09-05-18 | 12,75,000 0.81 x | 38,94,000 2.49 x | 51,69,000 1.65 x |
Day 4 -10-05-18 | 12,81,000 0.82 x | 54,03,000 3.45 x | 66,84,000 2.13 x |
Day 5 -11-05-18 | 14,16,000 0.90 x | 1,07,88,000 6.89 x | 1,22,04,000 3.90 x |
Frequently Asked Questions about Milestone Furniture Limited IPO IPO
When will Milestone Furniture Limited IPO open for subscription?
The Milestone Furniture Limited IPO opens on 7 May, 2018 and closes on 11 May, 2018.
What is the investors portion for Milestone Furniture Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1566000.
How to apply for Milestone Furniture Limited IPO?
You can apply for Milestone Furniture Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Milestone Furniture Limited IPO?
The issue size of Milestone Furniture Limited IPO is approx ₹32,97,000 Equity Shares of Rs 10/- each at a price of 45/- per share aggregating to 14.84 Cr crores.
What is the price band of Milestone Furniture Limited IPO?
The price band for Milestone Furniture Limited IPO is Rs 45 Per Equity Share to ₹undefined.
What is the lot size of Milestone Furniture Limited IPO?
The minimum bid (lot size) for Milestone Furniture Limited IPO is 3000 shares with an investment of approx Rs 1,35,000 .
What is the allotment date of Milestone Furniture Limited IPO?
The allotment date for Milestone Furniture Limited IPO is 17 May, 2018.
What is the listing date of Milestone Furniture Limited IPO?
The listing date for Milestone Furniture Limited IPO is expected to be 21 May, 2018.
What is the GMP of Milestone Furniture Limited IPO?
The latest Grey Market Premium (GMP) for Milestone Furniture Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.