Mish Designs IPO vs Transteel Seating Technologies IPO

Comparision between Mish Designs IPO and Transteel Seating Technologies IPO.

IPO Details

Mish Designs IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Transteel Seating Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Mish Designs IPO	Transteel Seating Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Gretex Corporate Services Limited Pantomath Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mish Designs IPO is up to ₹9.76 Cr whereas the issue size of the Transteel Seating Technologies IPO is up to ₹49.98 Cr. The final issue price of Mish Designs IPO is ₹122.00 per share and of Transteel Seating Technologies IPO is ₹70.00 per share.

	Mish Designs IPO	Transteel Seating Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹67.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹122.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	8,00,000 shares	67,84,000 shares
Fresh Issue Size (Amount)	up to ₹9.76 Cr	up to ₹47.49 Cr
OFS Issue Size		3,56,000 shares
OFS Issue Size (Amount)		up to ₹2.49 Cr
Issue Size Total	8,00,000 shares	71,40,000 shares
Issue Size Total (Amount)	up to ₹9.76 Cr	up to ₹49.98 Cr

IPO Timetable

Mish Designs IPO opens on Oct 31, 2023, while Transteel Seating Technologies IPO opens on Oct 30, 2023. The closing date of Mish Designs IPO and Transteel Seating Technologies IPO is Nov 02, 2023, and Nov 01, 2023, respectively.

	Mish Designs IPO	Transteel Seating Technologies IPO
Anchor Bid Date		Oct 27, 2023
Issue Open	Oct 31, 2023	Oct 30, 2023
Issue Close	Nov 02, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Nov 06, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Nov 06, 2023	Nov 05, 2023
Credit of Share (Tentative)	Nov 06, 2023	Nov 05, 2023
Listing date (Tentative)	Nov 07, 2023	Nov 06, 2023
Anchor Lockin End date 1	Dec 06, 2023	Dec 05, 2023
Anchor Lockin End date 2	Feb 04, 2024	Feb 03, 2024

Financials

Mish Designs IPO P/E ratio is 21.75, as compared to Transteel Seating Technologies IPO P/E ratio of 10.29.

Mish Designs IPO

Transteel Seating Technologies IPO

Financial

Mish Designs Limited Financial Information (Restated)

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
Amount in ₹ Lakhs

Transteel Seating Technologies Limited Financial Information (Restated)

Transteel Seating Technologies Limited's revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,062.18	8,347.06	3,609.10	2,538.33
Revenue	3,133.39	5,961.43	2,806.74	2,287.74
Profit After Tax	417.64	909.36	159.08	-0.59
Net Worth	2,860.86	2,444.11	629.71	470.63
Reserves and Surplus	1,521.41	2,385.87	605.91	446.82
Total Borrowing	3,853.15	2,691.10	1,326.75	988.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.75%

83.75%

Promoter Shareholding (Post-Issue)

68.35%

53.83%

P/E Ratio

21.75

10.29

Market Cap

₹34.16 Cr.

₹141.25 Cr.

ROE

44%%

37.21%%

ROCE

22.20%%

36.69%%

Debt/Equity

1.38

EPS

₹5.61

₹6.80

RoNW

27.86%%

37.21%%

Shares Offered

In the Mish Designs IPO retail investors (RII) are offered 3,61,000 shares while in Transteel Seating Technologies IPO retail investors are offered 3,61,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mish Designs IPO and 13,50,000 shares in Transteel Seating Technologies IPO.

	Mish Designs IPO	Transteel Seating Technologies IPO
Anchor Investor Reserveration		18,60,000 shares
Market Maker Reserveration	78,000 shares	7,14,000 shares
QIB	0 shares	13,50,000 shares
NII	3,61,000 shares	9,66,000 shares
RII	3,61,000 shares	22,50,000 shares
Employee	0 shares	0 shares
Others
Total	7,22,000 shares	45,66,000 shares

Bids Received (Subscription)

Mish Designs IPO subscribed 135.43x in total, whereas Transteel Seating Technologies IPO subscribed 49.21x.

	Mish Designs IPO	Transteel Seating Technologies IPO
QIB (times)		12.15x
NII (times)	98.44x	122.88x
Big NII (times)
Small NII (times)
RII (times)	166.74x	39.82x
Employee (times)
Other (times)
Total (times)	135.43x	49.21x

Compare with others

Mish Designs IPO	Transteel Seating Technologies IPO
Sheetal Universal IPO	Micropro Software Solutions IPO
Baba Food Processing IPO	SAR Televenture IPO
Micropro Software Solutions IPO	Vrundavan Plantation IPO
SAR Televenture IPO	Mish Designs IPO
Vrundavan Plantation IPO	KK Shah Hospitals IPO
KK Shah Hospitals IPO	Benchmark Computer Solutions IPO
Transteel Seating Technologies IPO	Maitreya Medicare Limited IPO
Benchmark Computer Solutions IPO	Shanthala FMCG Products IPO
Maitreya Medicare Limited IPO	Paragon Fine And Speciality Chemicals IPO
Shanthala FMCG Products IPO	On Door Concepts IPO

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