Milestone Furniture Ltd IPO

IPO Synopsis

Public issue of 32,97,000 equity shares of face value of Rs. 10/- each (equity shares) of Milestone Furniture Limited (the company or the issure) for cash at a price Rs. 45/- per equity share (including a share premium of Rs. 35/- per equity share) (issue price) aggregating to Rs. 14.84 crores (the issue), of which 1,65,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 45/- per equity share, aggregating to Rs. 0.74 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 31,32,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 45 per equity share aggregating to Rs. 14.10 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 35.46% and 33.69%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10/- each and the issue price is Rs. 45/-. The Issue price is 4.5 times of the face value.

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