Mish Designs Makes a Strong Market Debut

Mish Designs Makes a Strong Market Debut

VoM News Desk | November 7, 2023 | 01:00 PM IST | Breaking News | Follow on Google News

Mish Designs Makes a Strong Market Debut

Mish Designs Makes a Strong Market Debut

In a buoyant stock market environment, Mish Designs commenced trading on the BSE SME platform with a robust 31% premium over its issue price. The shares opened at ₹160, a significant leap from their issue price of ₹122 each. Shortly after the opening bell, the stock climbed to an intraday high of ₹165.

Intraday Volatility and Recovery

Despite the initial surge, Mish Designs experienced some volatility as early investors locked in profits, causing the stock to dip to a low of ₹124. However, showing resilience, the shares recovered from the drop and stabilized around the ₹144 mark in the first quarter hour of trading.

Company Profile and IPO Details

Mish Designs, known for its clothing brands “MISH” and “CURVES BY MISH”, has established its presence in India and extends its market reach to the UAE with the “ZOEY” brand. Catering to a diverse customer base, the company boasts a catalog of over a thousand modern designs, including a variety of women’s apparel such as dresses, tops, and trousers. The company’s initial public offering, which was available for subscription from October 31 to November 2, 2023, was positioned on the BSE SME platform with a fixed price of ₹122 per share and a minimum retail investment set at ₹1,22,000 for 1,000 shares.

VoM News Desk

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