Mufti Jeans is among the largest homegrown brands in the mid-premium and premium men’s casual wear market in India in terms of market share in Fiscal 2022. They believe in providing a meaningful wardrobe solution for multiple occasions in a customer’s life, with their product offerings ranging from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. Their products are designed to provide a youthful appearance while keeping up with the ongoing fashion trends.
Their brand “Mufti” was launched by their Promoter, Kamal Khushlani, 25 years ago with a vision to redefine menswear. The brand was created as an alternative dressing solution and was designed to deliver a casual alternative with a focus on creative, bold, and expressive clothing for the contemporary Indian man who wanted something more stylish than what was commonly available. To keep pace with these evolving fashion trends, their product mix has evolved significantly over the past several years from consisting of only shirts, t-shirts, and trousers in the year 1998 to a wide range of products including sweatshirts, jeans, cargo, chinos, jackets, blazers and sweaters in relaxed holiday casuals, authentic daily casuals to urban casuals, party wear and also athleisure categories as on date. Their design team is constantly focusing on expanding their product range to meet a varied range of consumer needs.
Mufti Jeans products are available through a pan-India multichannel distribution network that they have built over the years comprising of their exclusive brand outlets (EBOs), large format stores (LFSs), and multi-brand outlets (MBOs), as well as online channels comprising of their website and other e-commerce marketplaces. Their multi-channel presence is planned strategically 147 in a manner that their products across categories are available at consumers’ preferred shopping channels.
Objects of the Issue
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- Carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.
Mufti Jeans IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Mufti Jeans IPO Date & Price Band Details
IPO Open: | December 2023 |
IPO Close: | December 2023 |
IPO Size: | Approx ₹[.] Crores |
Fresh Issue: | Approx ₹[.] Crores |
Offer for Sale: | Approx 19,634,960 Equity shares |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Mufti Jeans IPO Market Lot
The Mufti Jeans IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Mufti Jeans IPO Allotment & Listing Dates
The Mufti Jeans IPO date is 2023 and the close date is December 2023. The Mufti Jeans IPO allotment will be finalized on 2023 and the IPO listing on 2023.
Price Band Announcement: | 2023 |
Anchor Investors Allotment: | 2023 |
IPO Open Date: | 2023 |
IPO Close Date: | 2023 |
Basis of Allotment: | 2023 |
Refunds: | 2023 |
Credit to Demat Account: | 2023 |
IPO Listing Date: | 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Mufti Jeans IPO Form
How to apply for the Mufti Jeans IPO? You can apply for Mufti Jeans IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mufti Jeans IPO in the Invest section. The other option is you can apply for Mufti Jeans IPO via IPO forms downloaded via NSE and BSE. Check out the Mufti Jeans forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Mufti Jeans Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹261.15 | ₹257.15 | ₹3.44 |
2022 | ₹354.83 | ₹307.00 | ₹35.74 |
2023 | ₹509.32 | ₹405.51 | ₹77.51 |
Mufti Jeans IPO Valuation – FY2023
Check Mufti Jeans IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | 29.98% |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 29.98% |
Net Asset Value (NAV): | ₹43.75 per Equity Share |
Peer Group
- Aditya Birla Fashion and Retail Limited
- Go Fashion (India) Limited
- Arvind Fashions Limited
- Kewal Kiran Clothing Limited
- Kamal Khushlani
- Poonam Khushlani
Mufti Jeans IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Mufti Jeans IPO Allotment Status Check
Check Mufti Jeans IPO allotment status on Linkintime website allotment URL. Click Here
Mufti Jeans IPO Lead Managers aka Merchant Bankers
- Dam Capital Advisors Ltd
- ICICI Securities Limited
- Keynote Financial Services
Company Address
Credo Brands Marketing Limited
B-8, MIDC Central Road, Marol,
Next to MIDC Police Station
Andheri (E), Mumbai – 400093,
Phone: +91 22 6141 7200
Email: [email protected]
Website: https://www.credobrands.in/
Mufti Jeans IPO FAQs
What is Mufti Jeans IPO?
When Mufti Jeans IPO will open?
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How to Apply the Mufti Jeans IPO?
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How to Apply the Mufti Jeans IPO through Paytm Money?
What is Mufti Jeans IPO Size?
What is Mufti Jeans IPO Price Band?
What is Mufti Jeans IPO Minimum and Maximum Lot Size?
What is the Mufti Jeans IPO Allotment Date?
Mufti Jeans IPO allotment date is December 2023.
What is the Mufti Jeans IPO Listing Date?
Mufti Jeans IPO listing date is December 2023. The IPO is to list on BSE and NSE.
Note: The Mufti Jeans IPO price band and date are officially announced yet. The IPO grey market premium (Mufti Jeans IPO Premium) will be added to the IPO grey market page as it will start).
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- Source: https://ipowatch.in/mufti-jeans-ipo-date-review-price-allotment-analysis/