Mish Designs IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 02, 2023Let’s have a detailed review of the company and analytics of the Mish Designs IPO release date, IPO offer price, subscription, Mish Designs Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 122 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | November 10, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 976 Lakh |
| IPO Size | Rs 976 Lakh |
| Tick Size | 1 |
Mish Designs IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Mish Designs Share Price |
Mish Designs IPO – Summary
Their brand “MISH” represents a contemporary women’s fashion label specializing in affordable western and indo-western wear with a strong global digital presence and has been able to sell over 2.5 lakh products through E-Commerce platforms since Financial Year 2017-18.
They have established a strong network with prominent E-Commerce players such as Myntra, Nykaa Fashion, Ajio, Tata Cliq and Namshi and introduced their brand by identifying gaps in the underserved and high-growth dedicated women’s western wear category.
The Promoter of this company is Kaushal Goenka and Sajan Bhartia. The lead manager of the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Mish Designs IPO Date
The opening and closing dates of Mish Designs IPO are October 31, 2023 and November 2, 2023, respectively.
Mish Designs IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 31st Oct | 1.26x | 8.50x | 4.88x |
| 2nd Day – 1st Nov | 8.40x | 44.64x | 26.53x |
| 3rd Day – 2nd Nov | 17.21x | 74.27x | 45.75x |
| Shares Offered or Net Issue | 361,000 | 361,000 | 800,000 |
The shares subscribed by the public will be updated here.
Mish Designs IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Mish Designs Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 7, 2023 |
| Refunds Initiation | November 8, 2023 |
| Credit of Shares to Demat Account | November 9, 2023 |
| Share Listing Date | November 10, 2023 |
Mish Designs IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.122
Mish Designs IPO Equity Size
This Initial Public Issue of 800,000 Equity Shares of Rs.10 each for cash at a price of Rs.122 per equity share aggregating to Rs.976 Lakh.
Mish Designs IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 800,000 Equity Shares of Rs.10/ each.
Issue Size: 800,000 Equity Shares of Rs.10 each, aggregating to Rs.976 Lakh
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Mish Designs IPO – Live Performance
The listing date of this IPO is November 10, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Mish Designs Share Price |
Mish Designs IPO Grey Market Premium
The Mish Designs Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Mish Designs IPO – Company Overview
Their Company’s proficiency lies in understanding the specific requirements of their customers and based on which they design, procure fabrics, use colour combinations, manufacture the garment, and make samples live to understand the taste and trends all with an in-house design team at their manufacturing unit built around 10,000 sq. ft with a team of over 54 employees.
They have a dedicated team to supervise the entire manufacturing process including the selection of interlinings produced till dispatch of the goods to customer’s place, to assure product quality and customer satisfaction which remains their top priority.
They are engaged in the process of fabrication of fabric into garments under the brand name “MISH”, and “CURVES BY MISH” in India.
Mish Designs IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 711.46 | 423.10 | 251.78 |
| *Total Revenue | 1,111.95 | 730.70 | 419.32 |
| Total Expense | 1,032.99 | 721.96 | 416.96 |
| Profit After Tax | 60.76 | 5.36 | 0.30 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.61 | 0.50 | 0.03 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 60.76 Lakh, Rs. 5.36 Lakh and Rs. 0.30 Lakh respectively.
Mish Designs IPO – Promoters
The Promoter of this company is:
- Kaushal Goenka
- Sajan Bhartia
List of Related Parties (Key Managerial Personnel)
- Kaushal Goenka, Chairman and Managing Director
- Sajan Bhartia, Whole Time Director
- Anita Bhartia, Non-Executive Director
- Tapan Shah, Non-Executive Independent Director
Mish Designs IPO – Promoters Holding
- Pre-Issue Share Holding – 95.75%
- Post-Issue Share Holding – 68.35%
Mish Designs IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 8,00,000 Equity Shares aggregating up to Rs.976 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 78,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 7,22,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 2,000,000 Equity Shares |
| Equity Shares outstanding after the Issue | 28,00,000 Equity Shares |
Mish Designs IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Working capital requirements;
- To fund branding and marketing initiatives;
- General Corporate Purpose;
Mish Designs IPO – Business Strategy
- Augment their fund-based capacities in order to scale up business operations
- Scaling up their emerging brands through increased marketing initiatives
- Engagement with customers through their website
- Competitive Pricing
- To build up a professional organization
Mish Designs IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Online Business through prominent E-commerce platforms
- Scalable Business Model
- Cost-effective production and Timely fulfilment of orders while maintaining quality
- Experienced Promoters and Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.61 | 27.86% | 10.90 |
| 31-Mar-22 | 0.50 | 9.36% | – |
| Mar-21 | 0.03 | 0.58% | – |
Mish Designs IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Mish Designs Limited | 10 | [●] | 5.61 | 27.86% | 1,110.24 |
| Listed Peers | |||||
| Aditya Birla Fashion and Retail Limited | 10 | – | (0.38) | (1.18)% | 12,53,436.00 |
| Go Fashion (India) Limited | 10 | 88.10 | 15.33 | 17.27% | 67,719.40 |
| Kewal Kiran Clothing Limited | 10 | 34.66 | 19.31 | 23.22% | 79,967.00 |
Mish Designs IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Vatsal Ganatra SEBI Registration No. INM000011344 |
Mish Designs IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Babu Raphael SEBI Registration No.: INR000001385 |
Mish Designs IPO – Other Details
- Statutory Auditor – M/s J. C. Kabra Associates Chartered Accountants
- Legal Counsel to the Company – M/S. ABDUS SAMEE ABDUL QADIR MANIYAR (A. A. MANIYAR) (ADVOCATE)
- Bankers to the Company – SARASWAT CO-OPERATIVE BANK LTD.
Mish Designs IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Mish Designs Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Mish Designs IPO Review FAQs
Check out various FAQs related to Mish Designs IPO:
What is the Issue Size of Mish Designs IPO?
The Company is making an initial public offer of 800,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Mish Designs IPO?
The price band for this particular IPO ranges between Rs 122. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Mish Designs IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 31, 2023, while the closing date is set at November 2, 2023.
What is the Mish Designs IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 7, 2023, refund initiation is on November 8, 2023, credit of shares is on November 9, 2023, and share listing date is on November 10, 2023.
What is the Mish Designs IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 10, 2023. The date, when the listing would be done, is stagnant on November 10, 2023.
Who is the Registrar of Mish Designs IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Mish Designs IPO?
Here are the promoters of this IPO – : Kaushal Goenka and Sajan Bhartia. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Mish Designs IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Mish Designs IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Mish Designs Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 60.76, 2022 is 5.36, and 2021 is 0.30.
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