Mish Designs Limited 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 UAE 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 in-house design team of over 54 employees.
The company currently focused on generating sales through E-commerce platforms of major players and their own website “mishindia.com”. Mish Designs business mantra “DRESSES THAT MAKE YOU STAND OUT” represents its vision.
Mish Designs IPO – Details
| IPO Opening Date | 31 October 2023 |
| IPO Closing Date | 02 November 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 8,00,000 Shares Worth ₹9.76 Crore Fresh Issue: 8,00,000 Shares Worth ₹9.76 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹122 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Mish Designs IPO – Date Schedule
| IPO Open Date | 31 October 2023 |
| IPO Close Date | 02 November 2023 |
| Basis of Allotment | 07 November 2023 |
| Initiation of Refund | 08 November 2023 |
| Credit of Shares to Demat Account | 09 November 2023 |
| IPO Listing Date | 10 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Nov 02, 2023 |
Mish Designs IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,22,000 |
| Retail (Maximum) | 1 | 1000 | 1,22,000 |
| HNI (Minimum) | 2 | 2000 | 2,44,000 |
Competitive Strengths
- Online Business through prominent E-commerce platforms.
- Scalable Business Model.
- Cost effective production and Timely fulfillment of orders while maintaining Quality.
- Experienced Promoters and Team.
Company Promoters
- Kaushal Goenka
- Sajan Bhartia
Object Of The Issue
- Funding Working capital requirements.
- Website development and Brand Awareness.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 4.19 | 4.17 | 0.003 | 1.08 |
| 31 March 2022 | 7.31 | 7.22 | 0.05 | 2.31 |
| 31 March 2023 | 11.12 | 10.33 | 0.60 | 3.00 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 21.75 |
| ROE | 44% |
| ROCE | 22.20% |
| Debt/Equity | 1.38 |
| EPS (Rs) | 5.61 |
| RoNW | 27.86% |
Mish Designs IPO Promoter Holding
| Pre Issue Share Holding | 95.75% |
| Post Issue Share Holding | 68.35% |
Mish Designs IPO Prospectus
- Mish Designs IPO DRHP
- Mish Designs IPO RHP
Company Contact Information
| 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/ |
Mish Designs IPO Lead Manager(s)
| 1. Aryaman Financial Services Limited |
Mish Designs IPO FAQs
| What is Mish Designs IPO? Mish Designs IPO is a SME IPO. The issue is priced at ₹122 per equity share. The IPO is to be listed on BSE SME. |
| When Mish Designs IPO will open? The IPO is to open on 31 October 2023 for Other – 50% and Retail – 50% Investors. |
| How to Mish Designs IPO? You can apply Mish Designs IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mish Designs IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mish Designs”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mish Designs IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mish Designs”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Mish Designs IPO Size? Mish Designs IPO size is ₹9.76 crores. |
| What is Mish Designs IPO Price Band? Mish Designs IPO Price Band is ₹122. |
| What is Mish Designs IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,22,000 amount while the maximum bid is 1000 shares with ₹1,22,000. |
| What is the Mish Designs IPO Allotment Date? Mish Designs IPO allotment date is 07 November 2023. |
| What is the Mish Designs IPO Listing Date? Mish Designs IPO listing date is 10 November 2023. The IPO is to list on BSE SME. |
