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Milestone Furniture IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 14.84 Cr. The company is based in Mumbai and caters to Furniture sector. Monarch Networth Capital is the merchant banker of Milestone Furniture IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd April 2018.
Milestone Furniture IPO open date is 7th May 2018 and close date is 11th May 2018. IPO Allotment Date is 16th May 2018 and Listing date is 21st May 2018.
IPO
Size:
₹ 14.84 Cr.
Avg IPO Size (Sector Based)
: ₹
21.92 cr.
Sector: Furniture
SME
IPO so far:
24
Merchant Banker:
Monarch Networth
SME
IPO by BRLM so far:
12
City:
Mumbai
SME
IPO so far:
284
Revenue (annualised):
₹
35.58
cr. 
PE
Ratio:
34.00x
Average Sector PE Ratio: 17.68x
Milestone Furniture IPO size is ₹ 14.84 Cr. with IPO price of ₹ 45.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Monarch Networth Capital Limited is the book-running lead manager of the Milestone Furniture IPO. Kfin Technologies Limited is the Registrar and Market Maker is Monarch Networth Capital Limited for Milestone Furniture IPO.
Milestone Furniture IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Milestone Furniture IPO, based in Mumbai, operates in the Furniture sector with a focus on manufacturing and marketing of Interior and Modular Furniture business. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Milestone Furniture IPO size is ₹ 14.84 Cr. with fresh issue size of ₹ 14.84 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Milestone Furniture IPO is expected to be 16th May 2018, after the finalization of basis of allotment. Investors can check Milestone Furniture IPO allotment status on the registrars website, Kfin Technologies Limited . Milestone Furniture IPO refund dates are 17th May 2018.
Milestone Furniture IPO is expected to be listed on 21st May 2018.
The upper price band for the Milestone Furniture IPO is set at ₹ 45.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Milestone Furniture IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Milestone Furniture IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 11th May 2018. After submission, funds are blocked until the basis of allotment of Milestone Furniture IPO is finalised.
The merchant banker for Milestone Furniture IPO is Monarch Networth Capital Limited . Monarch Networth Capital Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Milestone Furniture IPO RHP for further details.
The registrar for Milestone Furniture IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Milestone Furniture IPO through their official website or helpline.
Milestone Furniture IPO was subscribed 2.13 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 14.84 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.92 Cr.
Sector: Furniture
SME
IPO so far:
24
Merchant Banker:
Monarch Networth
SME
IPO by BRLM so far:
12
City:
Mumbai
SME
IPO so far:
284
Revenue (annualised):
₹ 35.52 cr.
PE
Ratio:
34.00x
Average Sector PE Ratio: 17.68x
Milestone Furniture IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Milestone Furniture Financial Review Page
Merchant Banker(s) of Milestone Furniture IPO: Monarch Networth Capital Limited
Milestone Furniture IPO subscription was 2.13 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Milestone Furniture IPO listed at a listing price of 44.45 against the offer price of 45.00.
The current market price of Milestone Furniture is 6.46.
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