Mish Designs IPO GMP, Review, Price, Allotment

Last updated on November 7, 2023

Mish Designs IPO description – 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%.

Promoters of Mish Designs – Kaushal Goenka, and Sajan Bhartia

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Mish Designs IPO Details

Mish Designs IPO Dates	31 Oct – 2 Nov 2023
Mish Designs Issue Price	INR 122 per share
Fresh issue	8,00,000 shares (INR 9.76 crore)
Offer For Sale	NIL
Total IPO size	8,00,000 shares (INR 9.76 crore)
Minimum bid (lot size)	1,000 shares (INR 122,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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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

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Mish Designs Offer News

• Mish Designs RHP
• Mish Designs Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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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

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Mish Designs IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
6 November 2023	65	–	52,500
4 November 2023	65	–	52,500
3 November 2023	62	–	47,500
2 November 2023	55	–	43,500
1 November 2023	50	–	40,000
31 October 2023	50	–	40,000
30 October 2023	45	–	38,000
28 October 2023	43	–	35,000
27 October 2023	40	–	33,000

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Mish Designs IPO Subscription – Live Updates

Category	NII	Retail	Total
Shares Offered	400,000	400,000	800,000
2 Nov 2023	94.15	150.41	122.28
1 Nov 2023	7.81	40.99	24.40
31 Oct 2023	1.14	7.68	4.41

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Mish Designs IPO Allotment Status

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

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Mish Designs IPO Dates & Listing Performance

IPO Opening Date	31 October 2023
IPO Closing Date	2 November 2023
Finalization of Basis of Allotment	4 November 2023
Initiation of refunds	5 November 2023
Transfer of shares to demat accounts	7 November 2023
IPO Listing Date	7 November 2023
Opening Price on BSE SME	INR 160 per share (up 31.15%)
Closing Price on BSE SME	INR 152 per share (up 24.59%)

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Mish Designs Offer Lead Manager

ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: [email protected]
Website: www.afsl.co.in

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Mish Designs Offer 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: [email protected]
Website: www.kfintech.com

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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: [email protected]
Website: www.mishindia.com

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