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Mish Designs Limited IPO Detail

Mish Designs Limited IPO Detail

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:

  • Online presence through multiple platforms such as Nykaa, Myntra, ajio, etc.
  • Cost-effective production and timely order fulfilment.
  • Experienced management team and promoters.

Company Promoters

Kaushal Goenka and Sajan Bhartia

IPO Details

IPO Opening DateOct 31, 2023
IPO Closing DateNov 02, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹122 per equity share
Market Lot1000 Shares
Min Order Quantity1000 Shares
Listing AtBSE SME
Issue Size₹9.76 Cr
Fresh Issue₹9.76 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

Day 1 1.26x 8.50x - 4.88x
Day 2 8.40x 44.64x - 26.53x
Day 3 38.44x 166.74x - 135.43x

IPO Tentative Timetable

The Mish Designs Limited IPO open date is Oct 31, 2023, and the close date is Nov 02, 2023. The issue may list on Nov 10, 2023.

IPO Open DateOct 31, 2023
IPO Close DateNov 02, 2023
Basis of Allotment DateNov 07, 2023
Initiation of RefundsNov 08, 2023
Credit of Shares to Demat AccountNov 09, 2023
IPO Listing DateNov 10, 2023

IPO Lot Size

The Mish Designs Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹122000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding95.75%
Post Issue Share Holding68.35%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 251.78 419.32 0.30
31-Mar-22 423.10 730.70 5.36
31-Mar-23 71145000.00 1111.95 60.75

Objects of the Issue:

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 IPO Registrar:

KFin Technologies Limited

Mish Designs Limited IPO Lead Manager(s):

Aryaman Financial Services Limited

Company Contact Information:

Mish Designs Limited

Gala No. 4, Gulati Industries

Hattibaug Love Lane

Mazgaon, Mumbai City, Mumbai, 400010