IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size54,50,000 shares (aggregating up to ₹5.45 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 26 Jun 2015
Subscription CloseTue, 30 Jun 2015
Anchor AllotmentThu, 25 Jun 2015
Basis of AllotmentMon, 06 Jul 2015
Initiation of RefundsTue, 07 Jul 2015
Credit of Shares to DematTue, 07 Jul 2015
Listing DateMon, 13 Jul 2015
UPI Mandate Deadline2015-06-30
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public51,60,000 shares (aggregating up to ₹5.16 Cr)
Reserved for Market Maker2,90,000 shares (aggregating up to ₹0.2900 Cr)
Pre-IPO Promoter Holding90,00,000 shares
Post-IPO Promoter Holding1,44,50,000 shares
About Mishka Exim Ltd.
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.
Objects of the Issue
Mishka Exim Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part-finance incremental working capital requirements
3.50
2
2 To part-finance commercial unit siuated in Shahdara, Delhi
1.00
3
3 General Corporate purposes
0.61
Shareholding & Lock-in
Pre-IPO Promoter Holding
90,00,000 shares
Post-IPO Promoter Holding
1,44,50,000 shares