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SME IPO Status: Listed [31st Oct 2023 to 2nd Nov 2023]
Mish Designs Limited is bringing its SME IPO at BSE SME. The total size of this SME IPO is 9.76 Cr that is 100 % fresh issue. You can apply in this SME IPO from 31 Oct to 02 Nov 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one lot size of minimum 1000 shares or its multiples at the fixed price of Rs 122 per share.
Keep visiting this website to get the latest details of Mish Designs Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 31st Oct 2023 |
| SME IPO Issue Closing Date: | 2nd Nov 2023 |
| SME IPO Issue Price: | ₹122.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹9.76 Cr |
| Fresh Issue: | ₹9.76 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.75% |
| Promoter Holding Post IPO: | 68.35% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544015 |
Get important updates regarding Mish Designs SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Nov 2023 |
| Refunds Initiation* | 6th Nov 2023 |
| Credit of Shares to Demat* | 6th Nov 2023 |
| SME IPO Listing Date* | 7th Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹122.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹122000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-11-2023 | 122.00 | 70 | 53200 | ₹192 (57.38%) | 7-Nov-2023 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mish Designs Limited was founded in 2017 and its brand "MISH” is a modern women's fashion label specialising in affordable Western and Indian western wear, with a strong global digital presence and has been able to sell over 2.5 lakhs products across e-commerce platforms since FY 2017-18. They have built a strong network with prominent e-commerce players such as Myntra, Nykaa Fashion, Ajio, Tata Cliq and Namshi and have taken their brand to market by identifying gaps in the underserved and high-growth women’s western fashion category.
They process fabrics in India to create garments under the brand names “MISH” and" CURVES OF MISH”. Currently, the company exports its products to the United Arab Emirates under the brand name “ZOEY”. The company offers a wide range of products in the field of women’s fashion, such as dresses, gowns, tops, corsets, T-shirts, trousers and palazzos.
Currently, the company focuses on selling through the e-commerce platforms of large companies and its own website “www.mishindia.com”. They have designed their website to showcase trendy and affordable fashion that provides a pleasant experience for their customers. Their business mantra “DRESSES THAT MAKE YOU STAND OUT” represents their vision.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Fashion Industry | ₹9.76 Cr | https://mishindia.com/ |
The company proposes to utilize the Net Proceeds from the issue towards funding the following objects.
1. Funding Working capital requirements;
2. To fund branding and marketing initiatives;
3. General Corporate Purpose
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 361,000 (50%) | 361,000 (50%) | 722,000 | |
| 1 | 31st Oct 2023 19:04 | 1.26x | 8.50x | 4.88x |
| 2 | 1st Nov 2023 19:04 | 8.40x | 44.64x | 26.53x |
| 3 | 2nd Nov 2023 19:04 | 98.44x | 166.74x | 135.43x |
Mish Designs Limited's revenue increased by 52.18% and profit after tax (PAT) rose by 1033.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 697.71 | 71,145,000.00 | 423.10 | 251.78 |
| Revenue | 227.17 | 1,111.95 | 730.70 | 419.32 |
| Profit After Tax | 11.33 | 60.75 | 5.36 | 0.30 |
| Net Worth | 229.40 | 218.08 | 57.33 | 51.96 |
| Reserves and Surplus | 29.40 | 18.08 | 32.33 | 26.96 |
| Total Borrowing | 264.37 | 300.01 | 231.36 | 108.06 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Mish Designs Limited | 5.61 | 5.61 | 10.9 | 21.75 | 27.86 | Consolidated |
| Aditya Birla Fashion and Retail Limited | -0.38 | -0.38 | 35.24 | -1.18 | Consolidated | |
| Go Fashion (India) Limited | 15.33 | 15.33 | 96.36 | 88.1 | 17.27 | Consolidated |
| Kewal Kiran Clothing Limited | 19.31 | 19.31 | 88.76 | 34.66 | 23.22 | Consolidated |
Last Updated on 11-Nov-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mish Designs SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mish Designs SME IPO with Zerodha.
Alternate approch to apply in Mish Designs SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Mish Designs SME IPO Review and Important Updates
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To subscribe or apply in Mish Designs SME IPO, you can use the following methods:
| Mish Designs SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mish Designs SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mish Designs SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mish Designs SME IPO. Most of the Syndicate Banks provide access to apply in Mish Designs IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mish Designs SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mish Designs SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mish Designs SME IPO Review and Important Updates
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Mish Designs SME IPO is going to be list on 07-11-2023. BSE Code for Mish Designs is 544015.
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Mish Designs SME IPO Allotment Date is 06-11-2023.
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