:::LALKAR GROUP::::

Milestone Furniture Ltd

Registered Office: 1st Floor Aslam Compound Shree,Nagar Chandivali Road Sakinaka, Mumbai - 400072, Maharashtra, India.
Phone : 91-022-28581499/28578954 Fax:
Email : vyas_cs@yahoo.in
Website : NA

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.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
07-May-18	11-May-18	45.00-0.00	0.00-0.00

Minimum Application for shares in Nos : 3000 Further Multiples of : 3000

	(Rs)	Lead Managers to the Issue
Project Cost	15.59	Monarch Networth Capital Ltd
Project Financed through Current Offer	14.84
Post Issue Equity Share Capital	9.30
Issue Price	45.00

Projects

To set up the manufacturing facility to make modular innovative furniture with industrial premises	Working capital requirement
General corporate expenses

Promoted By

Digamber Sudam Songhare

P S Ganeshkumar

Listing At

BSE - SME

Registrar to the Issue

No Data Available