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IPO Madhusudan Masala Ltd

  • Price Range

    ₹70

  • Min. Quantity

    2,000

  • Closes on

    21 September 2023

  • Min. investment

    ₹1,40,000/2,000 Shares

Madhusudan Masala Ltd IPO Timeline

Madhusudan Masala Ltd was originally formed as a Partnership Firm registered under the Indian Partnership Act, 1932 with Registrar of Firms, Gujarat in the name and style of 'M/s. Madhusudan & Co.', pursuant to a Deed of Partnership in 1982. Further'M/s. Madhusudan & Co.' was converted from Partnership Firm to a Private Limited Company in the name of 'Madhusudan Masala Private Limited' vide Certificate of Incorporation dated December 14, 2021, issued by Registrar of Companies. Subsequently the Company was converted into a Public Limited Company on April 15, 2023 and consequently the name was changed to 'Madhusudan Masala Limited' vide fresh Certificate of Incorporation dated April 29, 2023 by the Registrar of Companies, Ahmedabad.

EventDate
Madhusudan Masala Ltd IPO Opening Date18 September 2023
Madhusudan Masala Ltd IPO Closing Date 21 September 2023
Basis of Allotment26 September 2023
Initiation of Refunds27 September 2023
Credit of Shares to Demat29 September 2023
Madhusudan Masala Ltd IPO Listing Date26 September 2023

Madhusudan Masala Ltd IPO Details

Madhusudan Masala Ltd IPO Date18 September 2023 to 21 September 2023
Madhusudan Masala Ltd IPO Face Value10 per share
Madhusudan Masala Ltd IPO Price70 to ₹0 per share
Madhusudan Masala Ltd IPO Lot Size2,000
Issue SizeShares of ₹10 (aggregating up to ₹23.8 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹23.8 Cr)
Offer for Sale-
Issue TypeBook Building - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersDayalji Vanravan Kotecha, Vijaykumar Vanravan Kotecha, Rishit Dayalaji Kotecha

Madhusudan Masala Ltd IPO Lot Size

The Madhusudan Masala Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,40,000).

Application LotsSharesAmount
Minimum12,000₹1,40,000
Maximum12,000₹1,40,000
  • Risks
  • Opportunities
  • We have a recognized brand name with heritage and a legacy of over four decades.
  • Consistent focus on quality.
  • Long Standing Relationship with our customers.
  • Diversified product portfolio.
  • In house manufacturing capabilities.

Company Financials

Madhusudan Masala Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-2024105.25162.679.20
03-202357.37127.515.75
03-202235.1466.520.81
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Funding to meet working capital requirements
  • General corporate purposes

Madhusudan Masala Ltd IPO Promoter Holding

Pre Issue Share Holding16.84%
Post Issue Share Holding12.4%

Madhusudan Masala Ltd IPO Subscription Status (Bidding Detail)

The Madhusudan Masala Ltd IPO is subscribed 295.6182 times on 21 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----295.6182

Madhusudan Masala Ltd IPO Prospectus

Madhusudan Masala Ltd IPO Listing Date

Listing Date26 September 2023
BSE Script 91841
NSE SymbolMADHUSUDAN
Listing In NSE - SME
ISININE0P6701019
IPO Price70
Face Value10

Company Contact Information

Madhusudan Masala Ltd
F P No 19 Plot # 1 B Hapa RoadJamnagar,Gujarat-361001
Phone: 0288-2572002
Email: info@madhusudanmasala.com
Website: www.madhusudanmasala.com

Madhusudan Masala Ltd IPO Registrar

Phone:+91 40 6716 2222
Email: mml.ipo@kfintech.com
Website: www.kfintech.com

Madhusudan Masala Ltd IPO Lead Manager(s)

  1. Hem Securities Ltd

FAQ

What is the issue size of Madhusudan Masala Ltd IPO?

Madhusudan Masala Ltd IPO, which opens for subscription from to 21 September 2023 has an issue size of ₹23.8 crore. The issue type is book building issue.

I have pre-applied for Madhusudan Masala Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Madhusudan Masala Ltd IPO?

Madhusudan Masala Ltd IPO Opens for subscription from 18 September 2023 to 21 September 2023

What is the lot size and minimum order quantity of the Madhusudan Masala Ltd IPO?

The lot size of Madhusudan Masala Ltd is 2,000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,40,000 and ₹1,40,000 respectively.

What are the allotment dates for the Madhusudan Masala Ltd IPO?

Allotment date for Madhusudan Masala Ltd is 26 September 2023 and refund of application amount (in case allotment is not received) will begin from 27 September 2023. If your allotment goes through, then shares will be credited in your Demat account by 29 September 2023.

Who is the registrar of Madhusudan Masala Ltd IPO?

The registrar for Madhusudan Masala Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Madhusudan Masala Ltd IPO getting listed?

The shares of Madhusudan Masala Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)