Mish Designs IPO is a fixed price issue of Rs 9.76 crores. The issue is entirely a fresh issue of 8 lakh shares.
Mish Designs IPO opens for subscription on October 31, 2023 and closes on November 2, 2023. The allotment for the Mish Designs IPO is expected to be finalized on Tuesday, November 7, 2023. Mish Designs IPO will list on BSE SME with tentative listing date fixed as Friday, November 10, 2023.
Mish Designs IPO price is ₹122 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹244,000.
Aryaman Financial Services Limited is the book running lead manager of the Mish Designs IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Mish Designs IPO DRHP for detailed information.
Mish Designs IPO Details
| IPO Date | October 31, 2023 to November 2, 2023 |
| Listing Date | [10 November 2023.] |
| Face Value | ₹10 per share |
| Price | ₹122 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹9.76 Cr) |
| Fresh Issue | 800,000 shares (aggregating up to ₹9.76 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,000,000 |
| Share holding post issue | 2,800,000 |
| Market Maker portion | 78,000 shares |
Mish Designs IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Mish Designs IPO Timeline (Tentative Schedule)
Mish Designs IPO opens on October 31, 2023, and closes on November 2, 2023.
| IPO Open Date | Tuesday, October 31, 2023 |
| IPO Close Date | Thursday, November 2, 2023 |
| Basis of Allotment | Tuesday, November 7, 2023 |
| Initiation of Refunds | Wednesday, November 8, 2023 |
| Credit of Shares to Demat | Thursday, November 9, 2023 |
| Listing Date | Friday, November 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2023 |
Mish Designs IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹122,000 |
| Retail (Max) | 1 | 1000 | ₹122,000 |
| HNI (Min) | 2 | 2,000 | ₹244,000 |
| Lot Size Calculator |
Mish Designs IPO Promoter Holding
Kaushal Goenka and Sajan Bhartia are the promoters of the company.
| Share Holding Pre Issue | 95.75% |
| Share Holding Post Issue | 68.35% |
About Mish Designs Limited
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:
- Online presence through multiple platforms such as Nykaa, Myntra, ajio, etc.
- Cost-effective production and timely order fulfilment.
- Experienced management team and promoters.
Mish Designs Limited Financial Information (Restated)
Mish Designs Limited’s revenue increased by 52.18% and profit after tax (PAT) rose by 1033.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 711.46 | 423.10 | 251.78 |
| Revenue | 1,111.95 | 730.70 | 419.32 |
| Profit After Tax | 60.76 | 5.36 | 0.30 |
| Net Worth | 218.08 | 57.33 | 51.96 |
| Reserves and Surplus | 18.08 | 32.33 | 26.96 |
| Total Borrowing | 300.01 | 231.36 | 108.06 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44% |
| ROCE | 22.20% |
| Debt/Equity | 1.38 |
| EPS (Rs) | 5.61 |
| RoNW | 27.86% |
Check Mish Designs IPO Peer Comparison here.
Objects of the Issue (Mish Designs IPO Objectives)
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
Mish Designs Limited Contact Details
Mish Designs Limited
Gala No. 4, Gulati Industries
Hattibaug Love Lane
Mazgaon, Mumbai City, Mumbai, 400010
Phone: +91 22- 23719478
Email: info@mishindia.com
Website: https://mishindia.com/
Mish Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/v