Mish Designs Limited IPO

Price
₹122
Lot
1000
Subs.
135.43
Expected Listing Earning

Exp. Premium(GMP):
98.82(81.00%)
IPO Details

Open Date: 31-Oct-2023
Close Date: 02-Nov-2023
Allotment Date: 06-Nov-2023
Listing Date: 07-Nov-2023
Listing Price: ₹127/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹122 Per Equity Share
Issue Size: Total Issue Size 800,000 shares (aggregating up to ₹9.76 Cr) : Fresh Issue 800,000 shares (aggregating up to ₹9.76 Cr)
Market Lot (Min Amount): Retail - ₹122,000 : HNI - ₹244,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved361,000361,000722,000
Day 1 - 31-10-23 
05:00 PM
1.26x8.50x4.88x
Day 2 - 01-11-23 
05:00 PM
8.40x44.64x26.53x
Day 3 - 02-11-23 
05:00 PM
98.44x166.74x135.43x
Total No. of Application:67,996 (Approx.)
Retail Subscription on the basis of Apps:188.35x
Valuations

Earning Per Share(EPS)5.61/-
P/E Ratio21.75
RoNW27.86%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,202371,145,000.001,111.9560.75
31 Mar,2022423.10730.705.36
31 Mar,2021251.78419.320.30
Promoter(s)

Pre Issue Share Holding95.75%
Post Issue Share Holding68.35%
Company Promoter(s)
1. Kaushal Goenka
2. Sajan Bhartia
Issue Objective(s)

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

About Company

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.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.