Magson Retail and Distribution Ltd
Price Range
₹65
Min. Quantity
2,000
Closes on
27 June 2023
Min. investment
₹1,30,000/2,000 Shares
Magson Retail and Distribution Ltd IPO Timeline
Magson Retail and Distribution Limited was incorporated as Magson Retail And Distribution Pvt. Ltd. on 10 December, 2018 at Ahmedabad as a private limited company with the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, name of the company was changed to 'Magson Retail And Distribution Ltd.' pursuant to a fresh certificate of incorporation consequent upon change of name on 20th
| Event | Date |
|---|---|
| Magson Retail and Distribution Ltd IPO Opening Date | 23 June 2023 |
| Magson Retail and Distribution Ltd IPO Closing Date | 27 June 2023 |
| Basis of Allotment | 3 July 2023 |
| Initiation of Refunds | 4 July 2023 |
| Credit of Shares to Demat | 5 July 2023 |
| Magson Retail and Distribution Ltd IPO Listing Date | 6 July 2023 |
Magson Retail and Distribution Ltd IPO Details
| Magson Retail and Distribution Ltd IPO Date | 23 June 2023 to 27 June 2023 |
| Magson Retail and Distribution Ltd IPO Face Value | ₹10 per share |
| Magson Retail and Distribution Ltd IPO Price | ₹65 to ₹0 per share |
| Magson Retail and Distribution Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹13.74 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹13.74 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajesh Emmanuel Francis, Manish Shivnarayan Pancholi, Jennifer Rajesh Francis |
Magson Retail and Distribution Ltd IPO Lot Size
The Magson Retail and Distribution Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,30,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,30,000 |
| Maximum | 1 | 2,000 | ₹1,30,000 |
- Strengths
- Risks
- Opportunities
- Existing stores visibility & footsteps.
- Good market prospects for retail business.
- Experienced Promoters in retail business and a well-trained employee base.
- Proposed franchise model with firm tie up with supply chain to get best possible low cost for products to be sold.
- Optimal Utilization of Resources.
- Unique Shopping Experience.
- Wide Product Mix.
- Strong Distribution Network.
- Investment in Software/ technology/ Mobile App for online shopping.
- Strong Marketing Strategy.
Company Financials
Magson Retail and Distribution Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 31.29 | 66.29 | 2.81 |
| 03-2023 | 19.94 | 62.3 | 2.52 |
| 03-2022 | 14.95 | 55.67 | 2.23 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- For opening new stores under franchise model
- Working capital requirement
- General corporate purpose
Magson Retail and Distribution Ltd IPO Promoter Holding
| Pre Issue Share Holding | 14.59% |
| Post Issue Share Holding | 10.66% |
Magson Retail and Distribution Ltd IPO Subscription Status (Bidding Detail)
The Magson Retail and Distribution Ltd IPO is subscribed 6.4475 times on 27 June 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) | - | - | - | - | 6.4475 |
Magson Retail and Distribution Ltd IPO Prospectus
Magson Retail and Distribution Ltd IPO Listing Date
| Listing Date | 6 July 2023 |
| BSE Script | 78877 |
| NSE Symbol | MAGSON |
| Listing In | NSE - SME |
| ISIN | INE0O1S01012 |
| IPO Price | ₹65 |
| Face Value | ₹10 |
Company Contact Information
204-B,Primate Complex, Opp Mot-her Milk Palace,Nr Judges Bng,Ahmedabad-380015
Phone: +91 9978607507
Email: cs.magson@gmail.com
Website: www.magson.in
Magson Retail and Distribution Ltd IPO Registrar
Magson Retail and Distribution Ltd IPO Lead Manager(s)
- ISK Advisors Pvt Ltd
FAQ
What is the issue size of Magson Retail and Distribution Ltd IPO?
I have pre-applied for Magson Retail and Distribution 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.