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 BhartiaIPO Details
| IPO Opening Date | Oct 31, 2023 |
| IPO Closing Date | Nov 02, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹122 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.76 Cr |
| Fresh Issue | ₹9.76 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Oct 31, 2023 |
| IPO Close Date | Nov 02, 2023 |
| Basis of Allotment Date | Nov 07, 2023 |
| Initiation of Refunds | Nov 08, 2023 |
| Credit of Shares to Demat Account | Nov 09, 2023 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹122000 |
| Maximum | 1 | 1000 | ₹122000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.75% |
| Post Issue Share Holding | 68.35% |
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
