Mish Designs Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Mish Designs

CMP

196.20

+9.30 (4.98%)

  • DRHP
₹122

Offer Price

₹ 9.76 Cr

Issue Size

₹ 1,22,000

Min Investment

1,000

Lot size

Time Line

  • 31
    Oct 2023
    Open
  • 02
    Nov 2023
    Close
  • 07
    Nov 2023
    Finalisation of Basis of Allotment
  • 08
    Nov 2023
    Initiation of Refunds
  • 09
    Nov 2023
    Transfer of Shares to Demat Account
  • 07
    Nov 2023
    Listing Date

Objects of the Offer

  • Augment our fund based capacities in order to scale up business operations.

  • Scaling up our emerging brands through increased marketing initiatives.

  • Engagement with customers through our website.

  • Competitive Pricing.

  • To build-up a professional organization.

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.

Risks

  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operation.

  • The company derives majority of its revenue from prominent E-Commerce players. The company inability to maintain, renew or enhance relationships with them could adversely affect its business, results of operations and financial condition.

  • The company sells its products through established e-commerce players and therefore, cannot control the pricing strategies employed by such e-commerce platforms to entice customers. It may adversely affect its pricing ability, which may have an adverse effect on the company results of operations and financial condition.

  • The company has not entered into any agreement with the marketing agents as specified in the objects of the Issue. Further the amount allocated for brand awareness and website up gradation are based on the quotation received from relevant vendor.

  • The company`s business is primarily concentrated on the sale of women`s western wear and is vulnerable to variations in demand and changes in consumer preferences which could have an adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
25.20%
Pre Holding

88.24%

Post Holding

63.04%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 7.30 (74.20%) 11.10 (52.10%) 27.86 (-)
Gross Profit 7.30 (74.20%) 11.10 (52.10%) 27.86 (-)
Net Income 7.30 (74.20%) 11.10 (52.10%) 27.86 (-)
Assets 7.30 (74.20%) 11.10 (52.10%) 27.86 (-)
Liabilities 7.30 (74.20%) 11.10 (52.10%) 27.86 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Mish Designs Ltd 11.10 0.61 5.28 3.10 27.86 0.00 10.90 3.72 0.57
Aditya Birla Fashion & Retail Ltd 12,417.90 -36.00 17,041.28 17,041.28 -1.07 -0.38 35.26 -0.21 0.69
Go Fashion (India) Ltd 665.28 82.80 926.34 926.34 15.90 15.33 96.36 8.93 0.00
Kewal Kiran Clothing Ltd 779.45 119.02 816.79 816.79 21.75 19.31 88.76 14.57 0.09

Book Running Managers

  • Aryaman Financial Services Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Gala # 4 Gulati Industries,
Hattibaug Love Lane Mazgaon,
Mumbai - 400010
Phone : +91 22-23719478 Email : info@mishindia.com www.mishindia.com

Offer Related Information

Initial public offer of 8,00,000 equity shares of Rs. 10 each ("Equity Shares") of Mish Designs Limited ("MISH" or the "Company") for cash at a price of Rs. 122 per share (the "Issue Price"), aggregating to Rs. 9.76 crores ("The Issue"), of which 78,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 7,22,000 equity shares of... More

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