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Mish Designs IPO vs Vrundavan Plantation IPO

Comparison between Mish Designs IPO and Vrundavan Plantation IPO.

IPO Details

Mish Designs IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vrundavan Plantation IPO is a SME Fixed Price proposed to list at BSE SME.

 Mish Designs IPOVrundavan Plantation IPO
LogoMish Designs IPO LogoVrundavan Plantation IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Interactive Financial Services Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerNikunj Stock Brokers Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO 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 Vrundavan Plantation IPO is up to ₹14.52 Cr. The final issue price of Mish Designs IPO is ₹122.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

 Mish Designs IPOVrundavan Plantation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹122.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size7,22,000 shares13,44,000 shares
Fresh Issue Size (Amount)up to ₹8.81 Crup to ₹14.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total7,22,000 shares13,44,000 shares
Issue Size Total (Amount)up to ₹8.81 Crup to ₹14.52 Cr

IPO Timetable

Mish Designs IPO opens on Oct 31, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Mish Designs IPO and Vrundavan Plantation IPO is Nov 02, 2023, and Nov 01, 2023, respectively.

 Mish Designs IPOVrundavan Plantation IPO
Anchor Bid Date
Issue OpenOct 31, 2023Oct 30, 2023
Issue CloseNov 02, 2023Nov 01, 2023
Basis Of Allotment (Tentative)Nov 06, 2023Nov 05, 2023
Initiation of Refunds (Tentative)Nov 06, 2023Nov 06, 2023
Credit of Share (Tentative)Nov 06, 2023Nov 06, 2023
Listing date (Tentative)Nov 07, 2023Nov 06, 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 Vrundavan Plantation IPO P/E ratio of 34.62.

 Mish Designs IPOVrundavan Plantation 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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets697.7171,145,000.00423.10251.78
Total Income227.171,111.95730.70419.32
Profit After Tax11.3360.755.360.30
Net Worth229.40218.0857.3351.96
Reserves and Surplus29.4018.0832.3326.96
Total Borrowing264.37300.01231.36108.06
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Total Income180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.7585.29
Promoter Shareholding (Post-Issue)68.3562.65
P/E Ratio21.7534.62
Market Cap₹34.16 Cr.₹57.59 Cr.
ROE44%8.35%
ROCE22.20%6.71%
Debt/Equity1.380.47
EPS₹5.61₹0.52
RoNW27.86%4.19%

Shares Offered

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

 Mish Designs IPOVrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration78,000 shares72,000 shares
QIB
NII3,61,000 shares6,72,000 shares
RII3,61,000 shares6,72,000 shares
Employee
Others
Total7,22,000 shares13,44,000 shares

Bids Received (Subscription)

Mish Designs IPO subscribed 135.43x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

 Mish Designs IPOVrundavan Plantation IPO
QIB (times)
NII (times)98.44x11.60x
Big NII (times)
Small NII (times)
RII (times)166.74x25.51x
Employee (times)
Other (times)
Total (times)135.43x18.57x