Mish Designs Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 361,000 (45%) | — | ₹440 Cr |
| Retail | — | 361,000 (45%) | — | ₹440 Cr |
| Market Maker | — | 78,000 (10%) | — | ₹10 Cr |
| Σ Total | — | 800,000 (100%) | — | ₹9,760 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹122,000 |
| Retail (Max) | 13 | 13,000 | ₹1,586,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,708,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,174,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 227 | 1,112 | 731 |
| Profit After Tax | 11 | 61 | 5 |
| Net Worth | 229 | 218 | 57 |
| Total Assets | 698 | 71,145,000 | 423 |
| Reserves & Surplus | 29 | 18 | 32 |
| Total Borrowing | 264 | 300 | 231 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding Working capital requirements – 5.51
- To fund branding and marketing initiatives – 1.05
- General Corporate Purpose – 1.83
Company Overview
Incorporated in November 2017, Mish Designs is engaged in processing fabrics into garments under the brand name "MISH", "CURVES BY MISH" in India. The company is currently exporting their product to United Arab Emirates under the brand name "ZOEY". The company offers a collection of over 1000 trendy designs to meet the diverse requirements of the customers. The company offers a wide range of products in the category of women's wear such as dresses, tops, co-ords, t-shirts, trousers and palazzos.
The company's competitive strength lies in the following points:
- Online presence through multiple platforms such as Nykaa, Myntra, ajio, etc.
- Cost-effective production and timely order fulfilment.
- Experienced management team and promoters.