Mish Designs was incorporated on November 24, 2017. The company is engaged in the fabrication of fabric into garments under the brand name MISH and CURVES BY MISH in India.
| Bidding Dates |
|---|
| 31 Oct 2023 - 02 Nov 2023 |
| Subscription |
|---|
| 122.32x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 1000 | 800.0 K | ₹122 | 71.43 % | ₹97.6 M | RHP DOC |
Mish Designs IPO SUBSCRIPTION STATUS
02 Nov '23Mish Designs IPO overall subscription rate was 122.32 times the total available shares
Mish Designs IPO retail subscription rate was 150.48 times in the retail segment
Mish Designs IPO non-institutional investor subscription rate was 94.16 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Nov 2023 (Day 3) | 150.48x | 94.16x | - |
01 Nov 2023 (Day 2) | 40.29x | 7.8x | - |
31 Oct 2023 (Day 1) | 7.68x | 1.14x | - |
Mish Designs FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 1.1 | 22.6 | 5.0 | 5.0 | 11.4% |
| FY23 | 6.1 | 111.0 | -11.8 | -12.8 | 11.1% |
| FY22 | 0.5 | 73.0 | -8.8 | -10.0 | 4.4% |
| FY21 | 0.0 | 41.9 | -5.8 | -7.5 | 3.0% |
Mish Designs IPO SUBSCRIPTION STATUS DETAILS
Mish Designs had 800.0 K shares on offer
Mish Designs IPO offer price was ₹122
Mish Designs IPO minimum Investment was ₹122000
Mish Designs IPO issue size was ₹ 97.6 M
Mish Designs had a minimum lot size of 1000 Shares per application
Mish Designs NUMBER OF SHARES ON OFFER
Mish Designs IPO IMPORTANT DATES
| Issue Open Date | 31 Oct 2023 |
| Issue close Date | 02 Nov 2023 |
| Allotment Date | 03 Nov 2023 |
| Refund Date | 06 Nov 2023 |
| Demat Account Credit Date | 06 Nov 2023 |
| Listing Date | 07 Nov 2023 |
| Listing on Exchange(s) | BSE |
| Mish Designs Allotment Status | Exchange |
Mish Designs IPO subscription opened on 31 Oct 2023, and closed on 02 Nov 2023
IPO allotment for Mish Designs was finalized on Friday, 03 Nov 2023
IPO listing for Mish Designs was on BSE on Tuesday, 07 Nov 2023
Mish Designs IPO LISTING GAINS
| Issue Price (adjusted) | 122.0 |
| Listing Open Price | 160.0 |
| Listing Close Price | 152.0 |
| Listing Gain% | 31.1% |
| Current Gain% | -72.7% |
Mish Designs Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mish Designs Ltd. | 33.4 | 9.3 | -9.9 | 0 | 1.1 | -6.2 | -4 | 8.4 | -53.7 | -1 | -216 | -3.4 | -205.6 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Mish Designs INFORMATION ON IPO ISSUE
About Mish Designs
Mish Designs was incorporated on November 24, 2017. The company is engaged in the fabrication of fabric into garments under the brand name MISH and CURVES BY MISH in India.
Object of the Issue
- Funding working capital requirements
- To fund branding and marketing initiatives
- General corporate purpose
Mish Designs - PROMOTERS
| Name |
|---|
| Kaushal Goenka |
| Sajan Bhartia |
Mish Designs Lead Manager To The Issue
Aryaman Financial Services
ipo@afsl.co.in
Mish Designs Registrar to the issue
Kfin Technologies Private Limited
cpl.ipo@kfintech.com
Mish Designs Strengths
Online business
The company's products are sold through popular e-commerce trading platforms such as Myntra, Nykaa Fashion, Tata Cliq, Ajio, Namshi, and more. It has sold over 5 lakh products through these channels
Cost-effective production
The company constantly strives to implement an efficient procurement policy for the inputs required for production, ensuring cost efficiency in procurement, which, in turn, results in cost-effective production
Mish Designs Risks
Dependent on E-commerce players
The company derives the majority of its revenue from prominent E-commerce players. Its inability to maintain, renew, or enhance relationships with them could adversely affect the business
Negative net cash flows
The company has reported negative net cash flows in the past and may do so in the future, which may negatively affect the business operations
IPO FAQs
The promoters of the company are Kaushal Goenka and Sajan Bhartia.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 122.0 - 122.0.
The IPO application opens on Oct 31, 2023 and closes on Nov 02, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Nov 03, 2023.
The refund will be credited to your account on Nov 06, 2023.
The allotted shares will be credited to your demat on Nov 06, 2023.
Mish Designs Ltd.’s shares listed on the stock exchanges on Nov 07, 2023.