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
Table of Contents
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 |
Mish Designs Financial Performance
| Â | 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 Offer News
- Mish Designs RHP
- Mish Designs Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
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 |
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 |
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.
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%) |
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:Â [email protected]
Website:Â www.afsl.co.in
Mish Designs Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â 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: [email protected]
Website: www.mishindia.com
IPO FAQs
What is Mish Designs IPO offer size?
Mish Designs offer size is INR 9.76 crores.
What is the Mish Designs offer price band?
Mish Designs public offer price is INR 122 per share.
What is the lot size of Mish Designs public offer?
Mish Designs offer lot size is 1,000 shares.
What is Mish Designs IPO GMP today?
Mish Designs IPO GMP today is INR 65 per share.
What is Mish Designs kostak rate today?
Mish Designs kostak rate today is INR NA per application.
What is Mish Designs Subject to Sauda rate today?
Mish Designs Subject to Sauda rate today is INR 52,500 per application.
