Mish Designs IPO vs Shanthala FMCG Products IPO

Comparision between Mish Designs IPO and Shanthala FMCG Products IPO.

IPO Details

Mish Designs IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shanthala FMCG Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Mish Designs IPO	Shanthala FMCG Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	First Overseas Capital Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Bhh Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Shanthala FMCG Products IPO is up to ₹16.07 Cr. The final issue price of Mish Designs IPO is ₹122.00 per share and of Shanthala FMCG Products IPO is ₹91.00 per share.

	Mish Designs IPO	Shanthala FMCG Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹122.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	8,00,000 shares	17,66,400 shares
Fresh Issue Size (Amount)	up to ₹9.76 Cr	up to ₹16.07 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,00,000 shares	17,66,400 shares
Issue Size Total (Amount)	up to ₹9.76 Cr	up to ₹16.07 Cr

IPO Timetable

Mish Designs IPO opens on Oct 31, 2023, while Shanthala FMCG Products IPO opens on Oct 27, 2023. The closing date of Mish Designs IPO and Shanthala FMCG Products IPO is Nov 02, 2023, and Oct 31, 2023, respectively.

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

Financials

Mish Designs IPO P/E ratio is 21.75, as compared to Shanthala FMCG Products IPO P/E ratio of 25.66.

Mish Designs IPO

Shanthala FMCG Products 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

Shanthala FMCG Products Limited Financial Information (Restated)

Shanthala FMCG Products Limited's revenue increased by 25.28% and profit after tax (PAT) rose by 292.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	827.32	657.21	615.79	569.67
Revenue	1,585.58	4,077.25	3,254.57	3,955.67
Profit After Tax	10.15	17.73	4.52	14.41
Net Worth	549.32	143.22	125.49	120.97
Reserves and Surplus	56.15	93.22	75.49	70.97
Total Borrowing
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.75%

77.44

Promoter Shareholding (Post-Issue)

68.35%

57.019

P/E Ratio

21.75

25.66

Market Cap

₹34.16 Cr.

₹60.95 Cr.

ROE

44%%

12.38%%

ROCE

22.20%%

19%%

Debt/Equity

1.38

3.12

EPS

₹5.61

₹3.55

RoNW

27.86%%

12.38%%

Shares Offered

In the Mish Designs IPO retail investors (RII) are offered 3,61,000 shares while in Shanthala FMCG Products IPO retail investors are offered 3,61,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Mish Designs IPO and 0 shares in Shanthala FMCG Products IPO.

	Mish Designs IPO	Shanthala FMCG Products IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	88,800 shares
QIB	0 shares	0 shares
NII	3,61,000 shares	8,38,800 shares
RII	3,61,000 shares	8,38,800 shares
Employee	0 shares	0 shares
Others
Total	7,22,000 shares	16,77,600 shares

Bids Received (Subscription)

Mish Designs IPO subscribed 135.43x in total, whereas Shanthala FMCG Products IPO subscribed 3.91x.

	Mish Designs IPO	Shanthala FMCG Products IPO
QIB (times)
NII (times)	98.44x	4.76x
Big NII (times)
Small NII (times)
RII (times)	166.74x	3.05x
Employee (times)
Other (times)
Total (times)	135.43x	3.91x

Compare with others

Mish Designs IPO	Shanthala FMCG Products IPO
Sheetal Universal IPO	Mish Designs IPO
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Benchmark Computer Solutions IPO	Arvind and Company Shipping Agencies IPO
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Shanthala FMCG Products IPO	Vivaa Tradecom IPO

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