Mish Designs IPO vs Vrundavan Plantation IPO

Comparision between Mish Designs IPO and Vrundavan Plantation IPO.

IPO Details

Mish Designs IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Mish Designs IPO	Vrundavan Plantation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers 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 Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Mish Designs IPO is ₹122.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

	Mish Designs IPO	Vrundavan Plantation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹122.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	8,00,000 shares	14,16,000 shares
Fresh Issue Size (Amount)	up to ₹9.76 Cr	up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,00,000 shares	14,16,000 shares
Issue Size Total (Amount)	up to ₹9.76 Cr	up to ₹15.29 Cr

IPO Timetable

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

	Mish Designs IPO	Vrundavan Plantation IPO
Anchor Bid Date		Oct 30, 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 06, 2023
Credit of Share (Tentative)	Nov 06, 2023	Nov 06, 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 Vrundavan Plantation IPO P/E ratio of 34.62.

Mish Designs IPO

Vrundavan Plantation 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

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended	31 May 2023
Assets	2,321.67
Revenue	180.68
Profit After Tax	17.33
Net Worth	413.82
Reserves and Surplus	22.15
Total Borrowing	17.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.75%

85.29%

Promoter Shareholding (Post-Issue)

68.35%

62.65%

P/E Ratio

21.75

34.62

Market Cap

₹34.16 Cr.

₹57.59 Cr.

ROE

44%%

8.35%%

ROCE

22.20%%

6.71%%

Debt/Equity

1.38

0.47

EPS

₹5.61

₹0.52

RoNW

27.86%%

4.19%%

Shares Offered

In the Mish Designs IPO retail investors (RII) are offered 3,61,000 shares while in Vrundavan Plantation 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 Vrundavan Plantation IPO.

	Mish Designs IPO	Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	72,000 shares
QIB	0 shares	0 shares
NII	3,61,000 shares	6,72,000 shares
RII	3,61,000 shares	6,72,000 shares
Employee	0 shares	0 shares
Others
Total	7,22,000 shares	13,44,000 shares

Bids Received (Subscription)

Mish Designs IPO subscribed 135.43x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

	Mish Designs IPO	Vrundavan Plantation IPO
QIB (times)
NII (times)	98.44x	11.60x
Big NII (times)
Small NII (times)
RII (times)	166.74x	25.51x
Employee (times)
Other (times)
Total (times)	135.43x	18.57x

Compare with others

Mish Designs IPO	Vrundavan Plantation IPO
Sheetal Universal IPO	Sunrest Lifescience IPO
Baba Food Processing 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
KK Shah Hospitals IPO	Mish Designs IPO
Transteel Seating Technologies 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

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