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 name | Mish Designs Limited |
| Sector | Textile |
| Industry | Textile – Weaving |
| Company Website | https://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 date | 31 October 2023 |
| IPO Closing | 02 November 2023 |
| Basis of Allotment | 07 November 2023 |
| Initiation Refund | 08 November 2023 |
| Credit to Demat Account | 09 November 2023 |
| Listing Date | 10 November 2023 |
Mish Designs IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.76 Cr – 800,000 shares |
| Fresh Issue | ₹9.76 Cr – 800,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹122 per share |
| Lot size | 1000 shares |
| Market Maker portion | 78,000 shares |
| Shareholding pre-issue | 2,000,000 |
| Shareholding post-issue | 2,800,000 |
| Listing Exchange | BSE SME |
Mish Designs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹122,000 |
| Retail (Max) | 1 | 1000 | ₹122,000 |
| HNI (Min) | 2 | 2,000 | ₹244,000 |
Mish Designs IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 78,000 (9.75%) |
| Other Shares Offered | 361,000 (45.13%) |
| Retail Shares Offered | 361,000 (45.13%) |
| Total Shares Offered | 800,000 (100%) |
Mish Designs Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 418.99 | 729.55 | 1,110.24 | 225.99 |
| Expenses | 416.96 | 721.96 | 1,033.00 | 211.91 |
| Net income | 0.30 | 5.36 | 60.75 | 11.33 |
Mish Designs Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.03 | 0.50 | 5.61 |
| PE ratio | – | – | 21.75 |
| RONW (%) | 0.58 | 9.36 | 27.86 |
| NAV | 20.79 | 22.93 | 10.90 |
| ROCE (%) | 3.25 | 7.62 | 21.61 |
| EBITDA (%) | 3.01 | 4.35 | 11.11 |
| Debt/Equity | 2.08 | 4.04 | 1.38 |
Company Promoters
- Kaushal Goenka
- Sajan Bhartia
Promoter Holding
| Pre Issue Share Holding | 95.75% |
| Post Issue Share Holding | 68.35% |
Lead Manager(s)
ARYAMAN FINANCIAL SERVICES LIMITED
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
KFIN TECHNOLOGIES LIMITED
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
MISH DESIGNS LIMITED
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
