Mish Designs IPO GMP, price, review, date, Allotment 2023

Mish Designs IPO description – Mish Designs limited  is coming up with its Initial public offering. The IPO will be open for subscription on 31th October 2023

Mish Designs IPO – Details

IPO Opening Date 31 October 2023
IPO Closing Date 02 November 2023
Issue Type Fixed Price Issue IPO
Issue Size 8,00,000 Shares Worth ₹9.76 Crore

Fresh Issue: 8,00,000 Shares Worth ₹9.76 Crore

Face Value ₹10 per equity share
IPO Price ₹122
Market Lot 1000 Shares
Min Order 1000 Shares (1 Lot)
Listing At BSE SME
Register Kfin Technologies Limited

 

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Mish Designs IPO – Date Schedule

 

IPO Opening Date 31 October 2023
IPO Closing Date 2 November 2023
Finalization of Basis of Allotment 7 November 2023
Initiation of refunds 8 November 2023
Transfer of shares to demat accounts 9 November 2023
IPO Listing Date 10 November 2023

 

Mish Designs IPO- about company 

 

Mish Designs Limited 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 UAE 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 in-house design team of over 54 employees.

The company currently focused on generating sales through E-commerce platforms of major players and their own website “mishindia.com”. Mish Designs business mantra “DRESSES THAT MAKE YOU STAND OUT” represents its vision.

 

Mish Designs IPO GMP
Mish Designs IPO GMP

 

Mish Designs IPO- industry overview 

 

Apparel refers to any clothing made of textiles created by weaving, knitting, or felting, in whole or in part, that is worn on a to build culture and create an aesthetic appearance in the home and on official occasions. The global apparel market grew from $610.12 billion in 2022 to $652.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.

The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The apparel market is expected to grow to $830.69 billion in 2027 at a CAGR of 6.2%.

 

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

Figures in INR Lakhs

 

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 Prospectus

 

 

Mish Designs IPO –Competitive Strengths

 

  • Online Business through prominent E-commerce platforms.
  • Scalable Business Model.
  • Cost effective production and Timely fulfillment of orders while maintaining Quality.
  • Experienced Promoters and Team.

 

Object Of The Issue

 

  • Funding Working capital requirements.
  • Website development and Brand Awareness.
  • General Corporate Purposes.

 

Mish Designs IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
30 October 2023 122 43 35000

Mish Designs IPO Allotment Status

 

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

 

Mish Designs IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Minimum) 1 1000 1,22,000
Retail (Maximum) 1 1000 1,22,000
HNI (Minimum) 2 2000 2,44,000

 

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