Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Tue, Oct 31, 2023 - Thu, Nov 2, 2023
Mish Designs IPO is a fixed price issue of ₹9.76 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹9.76 crore.
Mish Designs IPO bidding started from Oct 31, 2023 and ended on Nov 2, 2023. The allotment for Mish Designs IPO was finalized on Nov 6, 2023. The shares got listed on BSE SME on Nov 7, 2023.
Mish Designs IPO price is ₹122 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,44,000.
Aryaman Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Mish Designs IPO RHP for detailed Information.
IPO Open
Tue, Oct 31, 2023
IPO Close
Thu, Nov 2, 2023
Issue Price
₹122 per share
Market Cap (Pre-IPO)
₹34.16 Cr
| IPO Date | 31 Oct to 2 Nov, 2023 |
| Listed on | Tue, Nov 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 78,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.9516 Cr) |
| Fresh Issue (Ex Market Maker) | 7,22,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 7,22,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 28,00,000 shares |
| BSE Script Code | 544015 |
| ISIN | INE0QI101019 |
Mish Designs IPO comprises a total issue size of 8,00,000 shares. The net offer to the public is 7,22,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 3,61,000 (50.00%) allocated to NII 3,61,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,61,000 | 50.00% | 45.13% |
| Retail Shares Offered | 3,61,000 | 50.00% | 45.13% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 9.75% | |
| Total Shares Offered | 8,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,22,000 |
| Retail (Max) | 1 | 1,000 | ₹1,22,000 |
| HNI (Min) | 2 | 2,000 | ₹2,44,000 |
Incorporated in November 2017, Mish Designs is engaged in processing fabrics into garments under the brand name "MISH", "CURVES BY MISH" in India. The company is currently exporting their product to United Arab Emirates under the brand name "ZOEY". The company offers a collection of over 1000 trendy designs to meet the diverse requirements of the customers. The company offers a wide range of products in the category of women's wear such as dresses, tops, co-ords, t-shirts, trousers and palazzos.
The company's competitive strength lies in the following points:
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 6.98 | 7,11,450.00 | 4.23 | 2.52 |
| Total Income | 2.27 | 11.12 | 7.31 | 4.19 |
| Profit After Tax | 0.11 | 0.61 | 0.05 | 0.00 |
| NET Worth | 2.29 | 2.18 | 0.57 | 0.52 |
| Reserves and Surplus | 0.29 | 0.18 | 0.32 | 0.27 |
| Total Borrowing | 2.64 | 3.00 | 2.31 | 1.08 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working capital requirements | 5.51 |
| 2 | To fund branding and marketing initiatives | 1.05 |
| 3 | General Corporate Purpose | 1.83 |
| KPI | |
|---|---|
| ROE | 44% |
| ROCE | 22.20% |
| Debt/Equity | 1.38 |
| RoNW | 27.86% |
| PAT Margin | 5.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.61 | |
| P/E (x) | 21.75 | 75.31 |
| Promoter Holding | 95.75% | 68.35% |
| Market Cap | ₹34.16 Cr. |
The Mish Designs IPO is subscribed 135.43 times on November 2, 2023 7:02:00 PM (Day 3). The public issue subscribed 166.74 times in the retail category, [.] times in the QIB category, and 98.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 98.44 | 3,61,000 | 3,55,36,000 |
| Retail | 166.74 | 3,61,000 | 6,01,92,000 |
| Total | 135.43 | 7,22,000 | 9,77,77,000 |
Total Application : 67,996
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.42 |
| 2 | Brokerage and selling commission | 0.80 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.13 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹160.00 |
| Low | ₹124.00 |
| High | ₹165.00 |
| Last Trade | ₹152.00 |
Lead Manager Reports
Mish Designs IPO is a SME IPO of 8,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Oct 31, 2023, and closes on Thu, Nov 2, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mish Designs IPO using UPI as a payment gateway. Zerodha customers can apply in Mish Designs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mish Designs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mish Designs IPO opens on Tue, Oct 31, 2023 and closes on Thu, Nov 2, 2023.
Mish Designs IPO lot size is 1000, and the minimum amount required for application is ₹1,22,000.
You can apply in Mish Designs IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mish Designs IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Mon, Nov 6, 2023. Check the Mish Designs IPO allotment status.
The Mish Designs IPO listing date is on Tue, Nov 7, 2023.
