Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Fri, Jun 26, 2015 - Tue, Jun 30, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 26, 2015
IPO Close
Tue, Jun 30, 2015
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹14.45 Cr
| IPO Date | 26 to 30 Jun, 2015 |
| Listed on | Mon, Jul 13, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,50,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 2,90,000 shares Indo Jatalia Securities Pvt.Ltd. (agg. up to ₹0.2900 Cr) |
| Fresh Issue (Ex Market Maker) | 51,60,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 51,60,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,44,50,000 shares |
| BSE Script Code | 539220 |
| ISIN | INE540S01019 |
Mishka Exim IPO comprises a total issue size of 54,50,000 shares. The net offer to the public is 51,60,000 shares, after excluding 2,90,000 shares allotted on a firm basis. Of the Net offer 25,80,000 (50.00%) allocated to NII 25,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,80,000 | 50.00% | 47.34% |
| Retail Shares Offered | 25,80,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,90,000 | 5.32% | |
| Total Shares Offered | 54,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 0.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 67.55% | 42.07% |
| Market Cap | ₹14.45 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.25 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.03 |
| 5 | Miscellaneous Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹14.00 |
| Low | ₹13.50 |
| High | ₹14.70 |
| Last Trade | ₹13.50 |
Lead Manager Reports
Mishka Exim IPO is a SME IPO of 54,50,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Fri, Jun 26, 2015, and closes on Tue, Jun 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 Fri, Jun 26, 2015 and closes on Tue, Jun 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 Mon, Jul 13, 2015.
