Madhusudan Masala Limited IPO
NSE SMEListed On: Sep 26, 2023 at ₹ 120.0
₹ 140000 /2000 Shares
Check AllotmentMadhusudan Masala Limited IPO Details
18 Sep, 2023
Open Date21 Sep, 2023
Close Date23 Sep, 2023
Allotment Date26 Sep, 2023
Listing DateIssue Price
₹66-70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
120.0Listing Date
2023-09-26Market Lot
2000 Shares (₹140,000/-)Lead Manager
Hem Securities LimitedIssue Size
3,400,000 shares(aggregating up to ₹23.80 Cr)Retail Portion
35%Subscription
444.12 timesIPO Docs
DRHPMadhusudan Masala Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 646,000 / 486,000 | 1,130,000 | 2,262,000 |
Day 1 - 18-09-23 06:00 PM | 0.80 / 18.27 x | 47.29 x | 27.78 x |
Day 2 - 20-09-23 06:00 PM | 7.47 / 104.21 x | 234.43 x | 141.64 x |
Day 3 - 21-09-23 05:00 PM | 86.91 / 574.08 x | 592.44 x | 444.12 x |
Madhusudan Masala Limited Valuations
Earnings Per Share (EPS)
₹6.94/-P/E Ratio
N/ARoNW
52.40%Net Asset Value (NAV) - Post Issue
₹N/A/-Madhusudan Masala Limited Company Financials All values are in ₹ Lakh
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 5,736.52 | 3,514.29 | 2,599.90 |
Revenue | 12,750.57 | 6,651.81 | 6,875.18 |
Profit After Tax | 575.89 | 81.29 | 44.98 |
About The Company
Madhusudan Masala Limited is engaged in manufacturing and processing more than 32 types of Spices under the brand names DOUBLE HATHI and MAHARAJA.
The company also offers Whole Spices, Tea, and Other Grocery Products like Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek), etc under the brand name of DOUBLE HATHI. The company also deals in whole spices in retail and bulk quantities as well as papad, soya products, Asafoetida (Hing), black salt, rock salt, etc. procured through third-party manufacturers and packaged under its brand name of DOUBLE HATHI.
Madhusudan Masala has two product segments:
1. Ground spices: It includes varieties of Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder.
2. Blend Spices: It includes Garam Masala, Tea Masala, Chhole Masala, Sambhar Masala, Pav Bhaji Masala, Pani Puri Masala, Sabji Masala, Kitchen King Masala, Chicken Masala, Meat Masala, Chatpata Chat Masala, Butter Milk Masala, Chewda Masala, Dry Ginger Powder (Sunth), Black Pepper Powder (Mari), Dry Mango Powder (Aamchur), etc.
MM's manufacturing facility is located at Industrial Area Hapa, Near Jamnagar, accredited with ISO 9001:2015 for quality management system, ISO 22000:2018 for Food Safety Management System, HACCP for Hazard Analysis Critical Control Points, and with FSSAI license under the Food Safety and Standards Act 2006.
Madhusudan Masala Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.64%
Company Promoter(s)
- Mr. Dayalji Vanravan Kotecha
- Mr. Vijaykumar Vanravan Kotecha
- Mr. Rishit Dayalaji Kotecha
- Mr. Hiren Vijaykumar Kotecha
Madhusudan Masala Limited IPO - Issue Objectives
- Funding to meet working capital requirements
- General Corporate Purpose.
Madhusudan Masala Limited IPO - FAQs
Ans. Madhusudan Masala Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 18, 2023, and closes on Sep 21, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Madhusudan Masala Limited IPO opens on Sep 18, 2023 and closes on Sep 21, 2023.
Ans. The size of Madhusudan Masala Limited IPO is 3,400,000 shares(aggregating up to ₹23.80 Cr).
Ans. The IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Madhusudan Masala Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Madhusudan Masala Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Madhusudan Masala Limited IPO is Sep 23, 2023.
Ans. The Madhusudan Masala Limited IPO will be listed on Sep 26, 2023.
Ans. Follow the steps to check the allotment status for Madhusudan Masala Limited IPO here.