Investing in the upcoming IPO with us at Mish Designs IPO is not only simple but also tailored to accommodate investors of varying capacities. Our IPO is priced attractively at ₹122 per share, making it accessible to a wide range of investors. The minimum lot size is set at 1000 shares, ensuring a manageable entry point for those looking to participate. For retail investors, the investment amount for 1000 shares totals ₹1,22,000, while high-net-worth individuals (HNIs) can invest in 2000 shares at ₹2,44,000. These key investment details highlight our commitment to inclusivity and accessibility, inviting investors from diverse backgrounds to be a part of our exciting venture.
Aryaman Financial Services Limited, our esteemed book running lead manager, and Kfin Technologies Limited, the proficient registrar, are instrumental in making this IPO a reality.
Mish Designs IPO Details
Mish Designs is proud to present its fixed price IPO, raising Rs 9.76 crores through an entirely fresh issue of 8 lakh shares. This remarkable opportunity opens for subscription on October 31, 2023, and concludes on November 2, 2023. The allotment process will be finalized by November 7, 2023, paving the way for our listing on BSE SME, scheduled for Friday, November 10, 2023.
| IPO Date | October 31, 2023 to November 2, 2023 |
| Face Value | ₹10 per share |
| Price | ₹122 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 800,000 shares (aggregating up to ₹9.76 Cr) |
| Fresh Issue | 800,000 shares (aggregating up to ₹9.76 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,000,000 |
| Share holding post issue | 2,800,000 |
| Market Maker portion | 78,000 shares |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Mish Designs IPO Dates
Mish Designs IPO is set to open its doors for subscription on October 31, 2023, providing investors with a window of opportunity until November 2, 2023, to secure their shares. Following the closure of the subscription period, the meticulous process of finalizing the Basis of Allotment for the Mish Designs IPO will be conducted, with the results expected to be unveiled on Tuesday, November 7, 2023. For successful applicants, the allotted shares will be swiftly credited to their demat accounts, ensuring seamless transactions and ownership, by Thursday, November 9, 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 |
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 IPO Prospectus
For comprehensive insights, please refer to Mish Designs IPO RHP for detailed information on this promising investment prospect.
Objects of the Mish Designs IPO
The company proposes to utilize the Net Proceeds from the issue towards funding the following objects.
- Funding Working capital requirements;
- To fund branding and marketing initiatives;
- General Corporate Purpose
About Mish Designs Limited IPO
Incorporated in November 2017, Mish Designs stands at the forefront of the fashion industry, specializing in fabric processing and garment production. Renowned for their acclaimed brands ‘MISH’ and ‘CURVES BY MISH’, the company has garnered a loyal customer base in India. Furthermore, their venture into international markets includes exporting products to the United Arab Emirates under the brand name ‘ZOEY’. Boasting a diverse collection of over 1000 trendy designs, Mish Designs caters to the dynamic needs of its customers, offering an extensive range of women’s wear, including dresses, tops, co-ords, t-shirts, trousers, and palazzos.
The company’s competitive edge is reinforced by several key strengths. Firstly, Mish Designs maintains a robust online presence across multiple platforms, including prominent names like Nykaa, Myntra, and Ajio, ensuring their products reach a wide audience. Secondly, their commitment to cost-effective production techniques and timely order fulfillment sets them apart in the industry, enabling them to provide quality products efficiently. Lastly, the company benefits from the expertise of an experienced management team and dedicated promoters, driving its success and growth in the fashion landscape.