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Shares of Mish Designs have entered the market on a high note. The share price of the company in the IPO was Rs 122. Shares of Mish Design Rs. 160 has been listed in the market. That is, investors who were allotted shares of the company on the very first day received Rs. 38 was profited. Shares of Mish Designs are listed at a premium of 31% over the issue price. Shares of smallcap companies are listed on BSE SME exchange.
The shares fell after the listing
After listing at a premium of 31%, shares of Mish Designs have fallen. The company’s share fell by more than 15 percent to Rs. 124 was done. This is a 52-week low for the company’s shares. At the same time, shares of Mish Design touched a 52-week high of Rs. is 165. Mish Designs is a company involved in garments and apparel industry. The company’s IPO was open for subscription on October 31 and remained open till November 2. The aggregate public issue size of Mish Designs is Rs. 9.76 crores.
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The IPO was subscribed more than 135 times
Mish Designs’ IPO was subscribed a total of 135.43 times. The retail quota of the company’s IPO was subscribed 166.74 times. While the subscription in other categories of IPOs was 98.44 times. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO was 1000 shares. That means retail investors had to invest 122000 shares. The promoters’ stake in the company was 95.75 per cent before the IPO, which has now come down to 68.35 per cent.
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