Mish Designs IPO . The brand “MISH” is a contemporary women’s fashion label that specializes in offering affordable western and indo-western clothing. With a robust global digital presence, they have successfully sold over 2.5 lakh products through E-Commerce platforms since the Financial Year 2017-18. “MISH” has forged strong partnerships with well-known E-Commerce players, including Myntra, Nykaa Fashion, Ajio, and Tata Cliq. They have also expanded their product distribution to other E-Commerce platforms like Namshi, facilitated through a third party.
The brand “MISH” has made its mark by recognizing gaps in the underserved and high-growth segment dedicated to women’s western wear. Their offerings cater to contemporary fashion needs while remaining affordable, and their digital reach allows them to connect with a broad and diverse customer base.
About the Issue
Mish Designs IPO is a fixed price issue of Rs 9.76 crores. The issue is entirely a fresh issue of 8 lakh shares.
Mish Designs IPO opens for subscription on October 31, 2023 and closes on November 2, 2023. The allotment for the Mish Designs IPO is expected to be finalized on Tuesday, November 7, 2023. Mish Designs IPO will list on BSE SME with tentative listing date fixed as Friday, November 10, 2023.
Mish Designs IPO price is ₹122 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹244,000.
Mish Designs IPO Timeline
Mish Designs IPO opens on October 31, 2023, and closes on November 2, 2023.
| IPO Open Date | Tuesday, October 31, 2023 |
| IPO Close Date | Thursday, November 2, 2023 |
| Basis of Allotment | Tuesday, November 7, 2023 |
| Initiation of Refunds | Wednesday, November 8, 2023 |
| Credit of Shares to Demat | Thursday, November 9, 2023 |
| Listing Date | Friday, November 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2023 |
Mish Designs IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Limited Financials
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 |
Objects of the Issue
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
Mish Designs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cpl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/
Company Address
Mish Designs Limited
Gala No. 4, Gulati Industries
Hattibaug Love Lane
Mazgaon, Mumbai City, Mumbai, 400010
Phone: +91 22- 23719478
Email: info@mishindia.com
Website: https://mishindia.com/
Mish Designs IPO FAQs
What is Mish Designs IPO?
Mish Designs IPO is an BSE SME IPO. They are going to raise ₹9.76 Crores via IPO. The issue is priced at ₹122 per equity share. The IPO is to be listed on BSE.
When Mish Designs IPO will open?
The IPO is to open on October 31, 2023 for QIB, NII, and Retail Investors.
What is Mish Designs IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%
How to Apply the Mish Designs through Zerodha?
Steps to apply in Mish Designs IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Mish Designs IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.