Mish Designs IPO

Mish Designs IPO will open for subscription from 31 October 2023. The company aims for an issue size of ₹9.76 Cr through this IPO.

Company Overview

Full nameMish Designs Limited
IndustryTextile – Weaving
Company Websitehttps://mishindia.com/

About Company

Mish Designs is engaged in the process of fabrication of fabric into garments under the brand name ‘MISH’, and ‘CURVES BY MISH’ in India. The company exports its product currently to UAE under the brand name ‘ZOEY’. Mish Designs offers a collection of over 1000 trending designs to cater to the diverse tastes of the customer. The company offers a variety of products in the Women’s wear segment such as Dresses, Gowns, Tops, Co-Ords, T-shirts, Trousers, and Palazzos.

The 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 FY 2017-18. The company has established a strong network with prominent E-commerce players such as Myntra, Nykaa Fashion, Ajio and, Tata Cliq. It also sold the products on other e-platforms like Namshi (through a third party). For the FY 2022–2023, revenue through e-commerce channels accounted for 88.49% of total sales, while revenue from exports and direct client orders represented 11.51%.

The Objectives of the Issue

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

Mish Designs IPO Timetable

IPO Opening date31 October 2023
IPO Closing02 November 2023
Basis of Allotment07 November 2023
Initiation Refund08 November 2023
Credit to Demat Account09 November 2023
Listing Date10 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 2, 2023)

Mish Designs IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹9.76 Cr – 800,000 shares
Fresh Issue₹9.76 Cr – 800,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹122 per share
Lot size1000 shares
Market Maker portion78,000 shares
Shareholding pre-issue2,000,000
Shareholding post-issue2,800,000
Listing ExchangeBSE SME

Mish Designs IPO Lot Size

Retail (Min)11000₹122,000
Retail (Max)11000₹122,000
HNI (Min)22,000₹244,000

Mish Designs IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered78,000 (9.75%)
Other Shares Offered361,000 (45.13%)
Retail Shares Offered361,000 (45.13%)
Total Shares Offered800,000 (100%)

Mish Designs Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income0.305.3660.7511.33
(Amount in ₹ Lakhs)

Mish Designs Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio21.75
RONW (%)0.589.3627.86
ROCE (%)3.257.6221.61
EBITDA (%)3.014.3511.11

Company Promoters

  • Kaushal Goenka
  • Sajan Bhartia

Promoter Holding

Pre Issue Share Holding95.75%
Post Issue Share Holding68.35%

Lead Manager(s)

60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in

Mish Designs IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: mishdesigns.ipo@kfintech.com
Website: www.kfintech.com

Mish Designs Contact Details

Gala No. 4, Gulati Industries, Hattibaug Love Lane,
Mazgaon, Mumbai, Maharashtra, India- 400010
Phone: +91 22- 23719478
E-mail: info@mishindia.com
Website: www.mishindia.com

Mish Designs IPO Allotment Status

Mish Designs IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Mish Designs IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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