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.
| Event | Date |
|---|---|
| Madhusudan Masala Ltd IPO Opening Date | 18 September 2023 |
| Madhusudan Masala Ltd IPO Closing Date | 21 September 2023 |
| Basis of Allotment | 26 September 2023 |
| Initiation of Refunds | 27 September 2023 |
| Credit of Shares to Demat | 29 September 2023 |
| Madhusudan Masala Ltd IPO Listing Date | 26 September 2023 |
Madhusudan Masala Ltd IPO Details
| Madhusudan Masala Ltd IPO Date | 18 September 2023 to 21 September 2023 |
| Madhusudan Masala Ltd IPO Face Value | ₹10 per share |
| Madhusudan Masala Ltd IPO Price | ₹70 to ₹0 per share |
| Madhusudan Masala Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹23.8 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹23.8 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Dayalji 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,40,000 |
| Maximum | 1 | 2,000 | ₹1,40,000 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 105.25 | 162.67 | 9.20 |
| 03-2023 | 57.37 | 127.51 | 5.75 |
| 03-2022 | 35.14 | 66.52 | 0.81 |
| 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 Holding | 16.84% |
| Post Issue Share Holding | 12.4% |
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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 295.6182 |
Madhusudan Masala Ltd IPO Prospectus
Madhusudan Masala Ltd IPO Listing Date
| Listing Date | 26 September 2023 |
| BSE Script | 91841 |
| NSE Symbol | MADHUSUDAN |
| Listing In | NSE - SME |
| ISIN | INE0P6701019 |
| IPO Price | ₹70 |
| Face Value | ₹10 |
Company Contact Information
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
Madhusudan Masala Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Madhusudan Masala Ltd IPO?
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.