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Mishka Exim IPO is a fixed price issue of ₹5.45 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹5.45 crore.
Mishka Exim IPO bidding started from Jun 26, 2015 and ended on Jun 30, 2015. The shares got listed on BSE SME on Jul 13, 2015.
Mishka Exim IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Indo Jatalia Securities Pvt.Ltd..
Refer to Mishka Exim IPO RHP for detailed Information.
| IPO Date | June 26, 2015 to June 30, 2015 |
| Listing Date | July 13, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,50,000 shares (aggregating up to ₹5.45 Cr) |
| Reserved for Market Maker | 2,90,000 shares Indo Jatalia Securities Pvt.Ltd. (aggregating up to ₹0.2900 Cr) |
| Net Offered to Public | 51,60,000 shares (aggregating up to ₹5.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,44,50,000 shares |
Mishka Exim IPO offers total 54,50,000 shares. Out of which 25,80,000 (47.34%) allocated to NII, 25,80,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,90,000 (5.32%) |
| NII (HNI) Shares Offered | 25,80,000 (47.34%) |
| Retail Shares Offered | 25,80,000 (47.34%) |
| Total Shares Offered | 54,50,000 (100.00%) |
Mishka Exim IPO opens on June 26, 2015, and closes on June 30, 2015.
| IPO Open Date | Fri, Jun 26, 2015 |
| IPO Close Date | Tue, Jun 30, 2015 |
| Tentative Listing Date | Mon, Jul 13, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 30, 2015 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, Mishka Exim Ltd is a multi-product trading company engaged in the business of trading and distribution of Jewellery, Ornaments and textiles products.
They sell gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. Company's product profile includes traditional, contemporary and combination designs across jewellery lines, usages and price points. MEL is also engaged in fabric trading that includes fabrics for Silk, Polyester, Sarees, Lace, Fabrics, Netting Fabrics, Coarse Cotton Fabric, suiting, shirting, linen, jute and other fabrics. The company primarily caters to retailers in Delhi and NCR Regions, wherein they supply mid range of unstitched fabrics.
MEL currently serving the corporate and other clients from various spheres of industry. Their customers during FY 2015 in fabric sector include Deepa Trading Co. and Ishan International Pvt Ltd and their customers during FY 2015 in jewellery and ornaments sector include Happy Impex, Haryana Jewels, Amyrya Jewels amongst others.
| KPI | Values |
|---|---|
| RoNW | 0.25% |
The Company Mishka Exim IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part-finance incremental working capital requirements | 3.50 |
| 2 | To part-finance commercial unit siuated in Shahdara, Delhi | 1.00 |
| 3 | General Corporate purposes | 0.61 |
| 4 | Issue Expense | 0.34 |
[Dilip Davda] <p>As per prospectus, for the fiscal 2014-15 the company has earned net profit of Rs. 0.02 crore on a turnover of Rs. 12.45 crore. If we attribute these earnings on fully diluted post issue equity then asking price even at par value is at a P/E of 700 plus. Thus even at par value, it is an expensive IPO.</p> <p>Lead Manager has poor track record post listing for its past mandates.</p> <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</span></strong></p> Read detail review...
| Listing Date | July 13, 2015 |
| BSE Script Code | 539220 |
| NSE Symbol | |
| ISIN | INE540S01019 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹14.00 |
| Low | ₹13.50 |
| High | ₹14.70 |
| Last Trade | ₹13.50 |
Mishka Exim Ltd.
F-102, Plot No. 10, 1st Flr
Chetan Complex Central Market,
Surajmal Vihar,
Delhi, New Delhi, 110092
Phone: +91-11-2237 1916
Email: mishkaexim@gmail.com
Website: http://www.mishkaexim.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mishka Exim IPO is a SME IPO of 54,50,000 equity shares of the face value of ₹10 aggregating up to ₹5.45 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on June 26, 2015, and closes on June 30, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mishka Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Mishka Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mishka Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mishka Exim IPO opens on June 26, 2015 and closes on June 30, 2015.
Mishka Exim IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Mishka Exim 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 Mishka Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mishka Exim IPO allotment status.
The Mishka Exim IPO listing date is on Monday, July 13, 2015.
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