Mish Designs IPO Details | GMP, Date, Price, Review

Mish Designs IPO Details ( Mish Designs Limited IPO Review )

(31 Oct 2023 – 2 Nov 2023)

Mish Designs, founded in November 2017, is a company in India that turns fabrics into stylish clothing sold under the brand names “MISH” and “CURVES BY MISH.” They also export products to the United Arab Emirates under the name “ZOEY.” Mish Designs offers a wide selection of more than 1,000 fashionable designs to cater to various customer needs. Their product range includes women’s clothing like dresses, tops, matching sets, t-shirts, pants, and palazzo pants.

What sets Mish Designs apart are:

1. Their online presence on popular platforms like Nykaa, Myntra, Ajio, and more.
2. Efficient and cost-effective production with on-time order delivery.
3. A skilled management team and dedicated promoters.

Mish Designs Limited IPO Competitive Strength

• Online Business through prominent E-commerce platforms
• Scalable Business Model
• Cost effective production and Timely fulfillment of orders while maintaining Quality
• Experienced Promoters

Mish Designs IPO Financials Performance ( Results )

Mish Designs Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	251.78	419.32	0.30	0.03	51.96		26.96	108.06
31-Mar-22	423.10	730.70	5.36	0.50	57.33		32.33	231.36
31-Mar-23	711.45	1,111.95	60.75	5.61	218.08	10.90	18.08	300.01
30-Jun-23	697.71	227.17	11.33	0.57	229.40	11.47	29.40	264.37

Objective of Mish Designs IPO Issue

• Funding Working capital requirements;
• To fund branding and marketing initiatives;
• General Corporate Purpose

Mish Designs IPO Basic Details

IPO Date	Oct 31, 2023 to Nov 2, 2023
Listing Date	Friday, November 10, 2023
Face Value	₹10 per share
Price	₹122 per share
Lot Size	1000 Shares
Issue Size	800,000 shares of ₹10 (aggregating up to ₹9.76 Cr)
Fresh Issue	800,000 shares of ₹10 (aggregating up to ₹9.76 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Share holding pre issue	2,000,000
Share holding post issue	2,800,000
Company Promoters	Kaushal Goenka and Sajan Bhartia

Mish Designs IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

Mish Designs IPO Timetable

Mish Designs IPO will open on October 31, 2023 and close on November 2, 2023. You can join Mish Designs IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	31 October 2023 (Tuesday)
Closing Date	2 November 2023 (Thursday)
Basis of Allotment	7 November 2023 (Tuesday)
Initiation of Refunds	8 November 2023 (Wednesday)
Credit of Shares to Demat	9 November 2023 (Thursday)
Listing Date	10 November 2023 (Friday)
Deadline for UPI mandate confirmation	5 PM on 2 November 2023

Mish Designs IPO Lot Size

For retail investors in Mish Designs IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹122,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹122,000.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹122,000
Retail (Max)	1	1000	₹122,000
S-HNI (Min)	2	2000	₹244,000

Mish Designs IPO Promoter Holding

The company’s promoters include Kaushal Goenka and Sajan Bhartia.

Pre Issue Share Holding	95.75%
Post Issue Share Holding	68.35%

Mish Designs Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	Coming Soon
Earning Per Share (EPS)	₹5.61 per Equity Share
Net Asset Value (NAV)	₹10.90 per Equity Share
P/E Ratio (P/E) (x)	21.75
Return on Net Worth (RoNW) (%)	27.86%
Return on equity (ROE) (%)	44%
Return on Capital Employed (ROCE) (%)	22.20%
Debt/Equity Ratio	1.38

Mish Designs Ltd Peer Comparison

Company Name	Consolidated/ Standalone	CPM (₹)	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Mish Designs Limited	Consolidated	122.00	10.00	5.61	21.75	27.86	10.90
Peer Group
Aditya Birla Fashion and Retail Limited	Consolidated	214.70	10.00	-0.38	N.A	-1.18	35.24
Go Fashion (India) Limited	Consolidated	1,308.75	10.00	15.33	85.37	17.27	96.36
Kewal Kiran Clothing Limited	Consolidated	724.30	10.00	19.31	37.51	23.22	88.76

Mish Designs IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
31 October 2023	₹50	–	–
30 October 2023	₹48	–	–

Mish Designs IPO Detail Video:

link

Mish Designs IPO Subscription Status (Bidding Detail)

The Mish Designs IPO on November 2, 2023 at 7:00:00 PM was subscribed 135.43 times, with the retail category being subscribed 166.74 times, the other category being subscribed 98.44 times.

Category	Subscription
Other	98.44x
Retail	166.74x
Total	135.43x

Mish Designs IPO Prospectus

Mish Designs IPO DRHP	Download
Mish Designs IPO RHP	Download
Mish Designs IPO Anchor Investors Details PDF	Download

Mish Designs IPO Rating

Our Rating

3.5/5.0

Mish Designs Company Contact Information

Mish Designs Limited

Registered Office: Gala No. 4, Gulati Industries, Hattibaug Love Lane,
Mazgaon, Mumbai City, Mumbai, Maharashtra, India- 400010
Tel No.: +91 22- 23719478
Email: info@mishindia.com
Website: www.mishindia.com
Contact Person: Kruti Parekh, Company Secretary and Compliance Officer
Our Promoters: Kaushal Goenka and Sajan Bhartia

Mish Designs IPO Registrar

Bigshare Services Private Limited

Registered Office: 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 Lead Manager

Aryaman Financial Services Limited

Registered Office: 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 FAQs