Mish Designs Limited IPO: A Detailed Insight

Mish Designs Limited, a prominent player in the Indian fashion industry, is all set to make its mark on the stock market with an Initial Public Offering (IPO). The company is looking to raise Rs 9.76 crores through a fixed price issue of 8 lakh shares, and this IPO is generating significant interest among investors. In this blog, we will take a closer look at the key details, financial performance, and the prospects of Mish Designs Limited.

See Also: Mish Designs Limited IPO GMP

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Mish Designs Limited IPO Overview

IPO NameMish Designs
IPO DateOctober 31, 2023, to November 2, 2023
Basis of AllotmentNovember 7, 2023
Listing DateNovember 10, 2023
Face Value₹10 per share
Price₹122 per share
Lot Size1000 Shares
Total Issue Size800,000 shares (aggregating up to ₹9.76 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Shareholding Pre-Issue2,000,000 shares
Shareholding Post-Issue2,800,000 shares
Market Maker Portion78,000 shares

Mish Designs IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment allowed for retail investors and High Net Worth Individuals (HNIs) in terms of shares and amount:

  • Retail (Min): 1 Lot, 1000 Shares, ₹122,000
  • Retail (Max): 1 Lot, 1000 Shares, ₹122,000
  • HNI (Min): 2 Lots, 2000 Shares, ₹244,000

Mish Designs Limited Promoter Holding

Mish Designs Limited is promoted by Kaushal Goenka and Sajan Bhartia. As per the company’s details, their shareholding pre-issue stands at 95.75%, which is expected to decrease to 68.35% after the issue.

Mish Designs Limited Financial Performance

Mish Designs Limited has showcased remarkable financial growth in recent years. Between the financial years ending on March 31, 2023, and March 31, 2022, the company witnessed a substantial increase in revenue by 52.18% and a remarkable rise in profit after tax (PAT) by an astounding 1033.58%. These figures reflect a robust financial performance, which is likely to attract potential investors.

About Mish Designs Limited

Established in November 2017, Mish Designs Limited primarily focuses on processing fabrics into garments under the brand names “MISH” and “CURVES BY MISH” in India. Furthermore, the company exports its products to the United Arab Emirates under the brand name “ZOEY.” Mish Designs offers a wide collection of over 1000 trendy designs to cater to the diverse requirements of customers. Their product range encompasses various categories of women’s wear, including dresses, tops, co-ords, t-shirts, trousers, and palazzos.

The company boasts several competitive strengths, such as a strong online presence through platforms like Nykaa, Myntra, and ajio, ensuring cost-effective production, timely order fulfillment, and an experienced management team and promoters.

Objectives of the Mish Designs Limited IPO

Mish Designs Limited intends to use the net proceeds from the IPO for the following purposes:

  1. Funding Working Capital Requirements
  2. Funding Branding and Marketing Initiatives
  3. General Corporate Purposes

Mish Designs Limited IPO Registrar

The registrar for the Mish Designs IPO is Kfin Technologies Limited. You can reach out to them at:

Mish Designs Limited IPO Lead Manager(s)

Aryaman Financial Services Limited is the lead manager for the Mish Designs IPO.

Mish Designs Limited IPO Timeline

Here’s a tentative schedule for the Mish Designs IPO:

  • IPO Open Date: Tuesday, October 31, 2023
  • IPO Close Date: Thursday, November 2, 2023
  • Basis of Allotment: Tuesday, November 7, 2023
  • Initiation of Refunds: Wednesday, November 8, 2023
  • Credit of Shares to Demat: Thursday, November 9, 2023
  • Listing Date: Friday, November 10, 2023
  • Cut-off Time for UPI Mandate Confirmation: 5 PM on November 2, 2023

In conclusion, the Mish Designs Limited IPO presents an exciting opportunity for investors to be part of a rapidly growing fashion company with a strong financial track record and a promising product portfolio. However, as with any investment, it’s essential to conduct thorough research and consult with financial experts before participating in the IPO to make informed decisions.

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