Mish Designs IPO vs Sheetal Universal IPO

Comparison between Mish Designs IPO and Sheetal Universal IPO.

IPO Details

Mish Designs IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sheetal Universal IPO is a SME Fixed Price proposed to list at NSE SME.

	Mish Designs IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mish Designs IPO is up to ₹8.81 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹22.60 Cr. The final issue price of Mish Designs IPO is ₹122.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	Mish Designs IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹122.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	7,22,000 shares	32,28,000 shares
Fresh Issue Size (Amount)	up to ₹8.81 Cr	up to ₹22.60 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	7,22,000 shares	32,28,000 shares
Issue Size Total (Amount)	up to ₹8.81 Cr	up to ₹22.60 Cr

IPO Timetable

Mish Designs IPO opens on Oct 31, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Mish Designs IPO and Sheetal Universal IPO is Nov 02, 2023, and Dec 06, 2023, respectively.

	Mish Designs IPO	Sheetal Universal IPO
Anchor Bid Date
Issue Open	Oct 31, 2023	Dec 04, 2023
Issue Close	Nov 02, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 06, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 06, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 06, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 07, 2023	Dec 11, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Mish Designs IPO P/E ratio is 21.75, as compared to Sheetal Universal IPO P/E ratio of 27.34.

Mish Designs IPO

Sheetal Universal IPO

Financials

Mish Designs Limited Financial Information (Restated)

Mish Designs Limited's revenue increased by 52.18% and profit after tax (PAT) rose by 1033.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	697.71	71,145,000.00	423.10	251.78
Total Income	227.17	1,111.95	730.70	419.32
Profit After Tax	11.33	60.75	5.36	0.30
Net Worth	229.40	218.08	57.33	51.96
Reserves and Surplus	29.40	18.08	32.33	26.96
Total Borrowing	264.37	300.01	231.36	108.06
Amount in ₹ Lakhs

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Total Income	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.75

Promoter Shareholding (Post-Issue)

68.35

66.81

P/E Ratio

21.75

27.34

Market Cap

₹34.16 Cr.

₹80.19 Cr.

ROE

44%

36.17%

ROCE

22.20%

21.59%

Debt/Equity

1.38

2.09

EPS

₹5.61

₹2.56

RoNW

27.86%

30.63%

Shares Offered

In the Mish Designs IPO Retail Individual Investors (RII) are offered 3,61,000 shares while in Sheetal Universal IPO retail investors are offered 3,61,000 shares. Qualified Institutional Buyers (QIB) are offered in Mish Designs IPO and in Sheetal Universal IPO.

	Mish Designs IPO	Sheetal Universal IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	1,72,000 shares
QIB
NII	3,61,000 shares	16,14,000 shares
RII	3,61,000 shares	16,14,000 shares
Employee
Others
Total	7,22,000 shares	32,28,000 shares

Bids Received (Subscription)

Mish Designs IPO subscribed 135.43x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Mish Designs IPO	Sheetal Universal IPO
QIB (times)
NII (times)	98.44x	212.55x
Big NII (times)
Small NII (times)
RII (times)	166.74x	129.73x
Employee (times)
Other (times)
Total (times)	135.43x	179.20x

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