Mufti Menswear IPO is a Rs 549.78 crore book-built offering. The offering consists wholly of 1.96 crore shares for sale.
Mufti Menswear’s initial public offering (IPO) begins on December 19, 2023 and finishes on December 21, 2023. The Mufti Menswear IPO allotment is anticipated to be completed on Friday, December 22, 2023. Mufti Menswear IPO will be listed on the BSE and NSE, with a tentative listing date of Wednesday, December 27, 2023.
Mufti Menswear’s initial public offering pricing range is set at $266 to 280 per share. An application requires a minimum lot size of 53 Shares. Retail investors must make a minimum investment of $14,840. The minimum lot size investment for sNII is 14 lots (742 shares), which amounts to 207,760, while the minimum lot size investment for bNII is 68 lots (3,604 shares), which amounts to 1,009,120.
Mufti Menswear IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price Band | Rs 266 to Rs 280 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 19,634,960 shares (aggregating up to Rs 549.78 Cr) |
| Offer for Sale | 19,634,960 shares of Rs 2 (aggregating up to Rs 549.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 64,301,880 |
| Share holding post issue | 64,301,880 |
Mufti Menswear IPO Timeline
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
Mufti Menswear IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | Rs 14,840 |
| Retail (Max) | 13 | 689 | Rs 192,920 |
| S-HNI (Min) | 14 | 742 | Rs 207,760 |
| S-HNI (Max) | 67 | 3,551 | Rs 994,280 |
| B-HNI (Min) | 68 | 3,604 | Rs 1,009,120 |
