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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 ₹122.00 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). The minimum lot size investment for 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 Date | October 31, 2023 to November 2, 2023 |
| Listing Date | November 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,00,000 shares (aggregating up to ₹9.76 Cr) |
| Reserved for Market Maker | 78,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.9516 Cr) |
| Net Offered to Public | 7,22,000 shares (aggregating up to ₹8.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 20,00,000 shares |
| Share Holding Post Issue | 28,00,000 shares |
Mish Designs IPO offers total 8,00,000 shares. Out of which 3,61,000 (45.13%) allocated to NII, 3,61,000 (45.13%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (9.75%) |
| NII (HNI) Shares Offered | 3,61,000 (45.13%) |
| Retail Shares Offered | 3,61,000 (45.13%) |
| Total Shares Offered | 8,00,000 (100.00%) |
Mish Designs IPO opens on October 31, 2023, and closes on November 2, 2023.
| IPO Open Date | Tue, Oct 31, 2023 |
| IPO Close Date | Thu, Nov 2, 2023 |
| Tentative Allotment | Mon, Nov 6, 2023 |
| Initiation of Refunds | Mon, Nov 6, 2023 |
| Credit of Shares to Demat | Mon, Nov 6, 2023 |
| Tentative Listing Date | Tue, Nov 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 2, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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 | ||||
The market capitalization of Mish Designs IPO is ₹34.16 Cr.
| KPI | Values |
|---|---|
| ROE | 44% |
| ROCE | 22.20% |
| Debt/Equity | 1.38 |
| RoNW | 27.86% |
The company proposes to utilize the Net Proceeds from the issue towards funding the following objects.
1. Funding Working capital requirements;
2. To fund branding and marketing initiatives;
3. General Corporate Purpose
[Dilip Davda] The company is in garment marketing on e-commerce platforms. The financial performance so far has been much below average. Based on FY24 annualized working, the issue is greedily priced. There is no harm in skipping such pricey and dicey offers. Read detail review...
| Listing Date | November 7, 2023 |
| BSE Script Code | 544015 |
| NSE Symbol | |
| ISIN | INE0QI101019 |
| Final Issue Price | ₹122 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹160.00 |
| Low | ₹124.00 |
| High | ₹165.00 |
| Last Trade | ₹152.00 |
Mish Designs Ltd.
Gala No. 4, Gulati Industries
Hattibaug Love Lane
Mazgaon, Mumbai City, Mumbai, 400010
Mumbai, Maharashtra
Phone: +91 22- 23719478
Email: info@mishindia.com
Website: https://mishindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Mish Designs IPO is a SME IPO of 8,00,000 equity shares of the face value of ₹10 aggregating up to ₹9.76 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on October 31, 2023, and closes on November 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 October 31, 2023 and closes on November 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 Monday, November 6, 2023. Check the Mish Designs IPO allotment status.
The Mish Designs IPO listing date is on Tuesday, November 7, 2023.
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