What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Mish Designs Limited IPO allotment date?

The basis of allotment for Mish Designs Limited IPO is scheduled to be finalized on 3 Nov 2023.

Where can I check Mish Designs Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 4 Nov 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Mish Designs Limited

ListedSME

Emerging SME Services · BSE

Mish Designs is engaged in processing fabrics into garments under the brands “MISH” and “CURVES BY MISH” in India, and also exports its products to the UAE under the brand “ZOEY”. The company offers more than 1,000 trendy designs and provides a wide range of women’s wear, including dresses, tops, co-ords, t-shirts, trousers, and palazzos, catering to the diverse fashion preferences of modern consumers.

Price Band

₹122

Issue Size

₹9.76 Cr

Lot Size

1000 shares

GMP

₹75

+61.5%

Est. Listing

₹197

at current GMP

Subscribed

135.53x

overall

Open

31 Oct 2023

2 Nov 2023

Allotment

3 Nov 2023

Refund

4 Nov 2023

Demat Credit

5 Nov 2023

Listing

7 Nov 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Mish Designs Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Nov 2023

Basis finalization

Refunds Initiate

4 Nov 2023

Mandate release

Demat Credit

5 Nov 2023

Shares in demat

Listing Debut

7 Nov 2023

Trading begins

About Mish Designs Limited Public Issue & Market Profile

Mish Designs Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹9.76 Crores. The shares are offered at a price band of ₹122 to ₹122 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,22,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-05, while un-allotted funds or UPI block mandates will be released on 2023-11-04.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.