Mufti on expansion spree
BY - Vaishnavi Gupta
Senior Correspondent, IndianRetailer.com & Retailer Magazine Mar 13, 2013 / 1 MIN READ
Senior Correspondent, IndianRetailer.com & Retailer Magazine Mar 13, 2013 / 1 MIN READ
Mufti, a brand that excels in cutting edge fashion in casual wear, with a focus on shirts, jeans, t-shirts, sweatshirts, sweaters and jackets has launched its new store at Infiniti Mall – Andheri. The store was launched on 1st March 2013.
Mufti offers distinctive style of casual clothing and excels in progressive fashion. At Infiniti Mall they will showcase their new range of spring - summer collection.
Mufti was launched in 1998, and is currently available across India in 194 exclusive brand outlets, 1200 multi brand stores with presence across all leading large format stores.
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With a pan-India reach through 1,807 touchpoints, including 404 EBOs, 71 LFSs, and 1,332 MBOs, Mufti extends its footprint from major metros to Tier-III cities, reaching 591 cities as of September 30, 2023.
The IPO follows the Book Building Process, with allocations set at a maximum of 50 percent for Qualified Institutional Buyers, at least 15 percent for Non-Institutional Bidders, and a minimum of 35 percent for Retail Individual Bidders.
This latest collection is an embodiment of contemporary prints, a refined color palette, modern silhouettes, and innovative fabric choices.
The IPO, with a face value of Rs 2, will be a complete offer for sale (OFS) of up to 19.63 million shares by the Promoter, Promoter Group, and other selling shareholders.
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