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Mishka Exim IPO is a fixed price issue of Rs 5.45 crores.
Mishka Exim IPO bidding started from June 26, 2015 and ended on June 30, 2015. The shares got listed on BSE SME on July 13, 2015.
Mishka Exim IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
First Overseas Capital Limited is the book running lead manager of the Mishka Exim IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Mishka Exim IPO RHP for detailed information.
| IPO Date | June 26, 2015 to June 30, 2015 |
| Listing Date | July 13, 2015 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 5,450,000 shares (aggregating up to ₹5.45 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 9,000,000 |
| Share holding post issue | 14,450,000 |
Investors can bid for a minimum of 10000 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 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
The Promoters of the Company are:
1. Mr. Rajneesh Gupta
2. M/s Vinayak Holdings Private Limited
3. M/s Tridev Securities Private Limited
4. M/s Varun Capital Services Limited
| Share Holding Pre Issue | 67.55% |
| Share Holding Post Issue | 42.07% |
Incorporated in 2014, Mishka Exim Ltd is a multi-product trading company engaged in the business of trading and distribution of Jewellery, Ornaments and textiles products.
They sell gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. Company's product profile includes traditional, contemporary and combination designs across jewellery lines, usages and price points. MEL is also engaged in fabric trading that includes fabrics for Silk, Polyester, Sarees, Lace, Fabrics, Netting Fabrics, Coarse Cotton Fabric, suiting, shirting, linen, jute and other fabrics. The company primarily caters to retailers in Delhi and NCR Regions, wherein they supply mid range of unstitched fabrics.
MEL currently serving the corporate and other clients from various spheres of industry. Their customers during FY 2015 in fabric sector include Deepa Trading Co. and Ishan International Pvt Ltd and their customers during FY 2015 in jewellery and ornaments sector include Happy Impex, Haryana Jewels, Amyrya Jewels amongst others.
| KPI | Values |
|---|---|
| RoNW | 0.25% |
The objects of the Issue are:
1. To part-finance incremental working capital requirements;
2. To part-finance commercial unit siuated in Shahdara, Delhi'
3. General corporate expenses; and
4. To meet the expenses of the Issue.
[Dilip Davda]
As per prospectus, for the fiscal 2014-15 the company has earned net profit of Rs. 0.02 crore on a turnover of Rs. 12.45 crore. If we attribute these earnings on fully diluted post issue equity then asking price even at par value is at a P/E of 700 plus. Thus even at par value, it is an expensive IPO.
Lead Manager has poor track record post listing for its past mandates.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...
| Listing Date | July 13, 2015 |
| BSE Script Code | 539220 |
| NSE Symbol | |
| ISIN | INE540S01019 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹14.00 |
| ₹13.50 |
| ₹14.70 |
| ₹13.50 |
Mishka Exim Ltd
F-102, Plot No. 10, 1st Flr
Chetan Complex Central Market,
Surajmal Vihar, Delhi-110092
Phone: +91-11-2237 1916
Email: mishkaexim@gmail.com
Website: http://www.mishkaexim.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Mishka Exim IPO is a SME IPO of 5,450,000 equity shares of the face value of ₹10 aggregating up to ₹5.45 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on June 26, 2015, and closes on June 30, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Mishka Exim IPO opens on June 26, 2015 and closes on June 30, 2015.
Mishka Exim IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Mishka Exim IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mishka Exim IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mishka Exim IPO allotment status.
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DURAISWAMY| Link | Bookmark |June 23, 2015 9:36:57 PM