{"id":219,"date":"2023-11-01T10:39:30","date_gmt":"2023-11-01T10:39:30","guid":{"rendered":"https:\/\/smemitra.com\/?p=219"},"modified":"2023-11-01T10:41:28","modified_gmt":"2023-11-01T10:41:28","slug":"mish-designs-sme-ipo","status":"publish","type":"post","link":"https:\/\/smemitra.com\/index.php\/2023\/11\/01\/mish-designs-sme-ipo\/","title":{"rendered":"Mish Designs &#8211; SME IPO"},"content":{"rendered":"\n<p>Mish Designs is engaged in processing fabrics into garments under the brand name &#8220;MISH&#8221;, &#8220;CURVES BY MISH&#8221; in India. The company is currently exporting its product to the United Arab Emirates under the brand name &#8220;ZOEY&#8221;. The company offers a collection of 1000+ trendy designs to meet the diverse requirements of the customers. The company offers a wide range of products in the category of women&#8217;s wear such as dresses, tops, co-ords, t-shirts, trousers, and palazzos.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">IPO Review<\/h5>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Parameters<\/th><th class=\"has-text-align-right\" data-align=\"right\">Score (0-5)<\/th><th>Comments<\/th><\/tr><tr><td>Promotors\/Sr. Management &amp; Work Ethics<\/td><td class=\"has-text-align-right\" data-align=\"right\">4<\/td><td>Well experienced promotors. No red flags as per the RHP &#8211; litigations, open criminal proceedings, tax proceedings, etc.<\/td><\/tr><tr><td>Company Financials<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Current FY number projections, based on Q1, are not showing much growth. Company is posting very low PAT.<\/td><\/tr><tr><td>Segment Growth Opportunity<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>No moat and highly competitive business. Moderate growth expected for the sector.<\/td><\/tr><tr><td>Asking Valuation (compared with Peers)<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Asking PE is ~22x, peers in the range of 35-80x. Considering financials, the asking valuation is high.<\/td><\/tr><tr><td>Lead Manager&#8217;s past performance<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Avg ~2.7% listing day gain for last 18 IPOs (2021-2023).<\/td><\/tr><tr><td><strong>Consolidated Score<\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>3.2<\/strong><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Disclaimer <\/strong>&#8211; This is not an investment advice. Nobody has paid us anything for writing this review. This analysis is for education purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mish Designs is engaged in processing fabrics into garments under the brand name &#8220;MISH&#8221;, &#8220;CURVES BY MISH&#8221; in India. The company is currently exporting its product to the United Arab Emirates under the brand name &#8220;ZOEY&#8221;. The company offers a collection of 1000+ trendy designs to meet the diverse requirements of the customers. The company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[11,12,10],"class_list":["post-219","post","type-post","status-publish","format-standard","hentry","category-iporeview","tag-ipo","tag-review","tag-sme"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":2,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/219\/revisions"}],"predecessor-version":[{"id":223,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/219\/revisions\/223"}],"wp:attachment":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/media?parent=219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/categories?post=219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/tags?post=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}