Mafia Trends Limited becomes Three Hundred and Ninety-Fourth Company to get listed on BSE SME Platform

The shares of mafia trends were listed at Rs 28 per share. The stock has been appreciated by more than 10 per cent since the issue price.

On October 6th, 2022, Mafia Trends Limited, a specialty retailer, became the 394th business to list on the BSE SME Platform. In an initial public offering, Mafia Trends Limited sold 12,84,000 equity shares worth Rs. 10 each for cash at a price of Rs. 28 per equity share (the "Offer Price"), for a total of Rs. 3.60 crore. 

The company’s total market cap. is Rs 13.77 crores. The total quantity on shares traded on the exchange were 2,28,000 lakh shares. The shares of mafia trends were listed at Rs 28 per share. The stock has been appreciated by more than 10 per cent since the issue price. 

A Gujarat-based company, Mafia Trends Limited is in the business of promoting and selling men's clothing, including items like jeans, t-shirts, shirts, chinos, formal pants and formal shirts. Mafia is a fashion label that sells stylish clothes at reasonable prices. The company has based its operations on the fundamental idea of "Value Retailing," and as a result, strives to offer the newest apparel and non-apparel trends for men while also paying special attention to the needs of the younger generation. 

So far, 152 firms have moved to the main board. The total market value of the 393 firms as on October 4, 2022 is Rs. 60,000 Crore. As of that date, the 393 companies listed on the BSE SME Platform have raised Rs. 4,259.41 crore from the market. With a 60% market share, BSE dominates this sector.