Mishka Exim Ltd IPO (Mishka Exim IPO) Detail

Jun 26, 2015 - Jun 30, 2015

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.

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Company Promoters:

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

Objects of the Issue:

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.

Mishka Exim IPO Details

IPO Opening Date Jun 26, 2015
IPO Closing Date Jun 30, 2015
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹10 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size5,450,000 Eq Shares of ₹10
(aggregating up to ₹5.45 Cr)

Mishka Exim IPO Lot Size

The Mishka Exim IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Mishka Exim IPO Review

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.

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Mishka Exim IPO Prospectus

Mishka Exim IPO Rating

Rating:Rated 3.5 stars
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Mishka Exim IPO Listing Date

Listing Date Monday, July 13, 2015
BSE Script Code 539220
NSE Symbol
Listing In MT Group of Securities
ISIN INE540S01019
IPO Price ₹10 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Mishka Exim Ltd
F-102, Plot No. 10, 1st Flr
Chetan Complex Central Market,
Surajmal Vihar, Delhi-110092
Phone: +91-11-2237 1916

Mishka Exim IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Mishka Exim IPO Reviews / Ratings

Mishka Exim IPO FAQs

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 equity share. The minimum order quantity is 10000 Shares.

The IPO opens on Jun 26, 2015, and closes on Jun 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 Jun 26, 2015 and closes on Jun 30, 2015.

Mishka Exim IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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, Edelweiss, 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.

The Mishka Exim IPO listing date is on Monday, July 13, 2015.

Mishka Exim IPO Message Board

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1. DURAISWAMY |Jun 23, 2015 9:36:57 PM