Madhusudan Masala Limited IPO
Madhusudan Masala Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹66–₹70 per share. The stock debuted at ₹120, delivering a listing gain of 71.4%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
Madhusudan Masala Limited IPO
- IPO Dates
- Sep 18, 2023 – Sep 21, 2023
- Price band
- ₹66-70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- 3,400,000 shares(aggregating up to ₹23.80 Cr)
- Lot size
- 2000
- Allotment Date
- Sep 23, 2023
- Listing
- Sep 26, 2023
- Listing At
- NSE SME
IPO timeline
-
Sep 18, 2023
Open Date
Completed
-
Sep 21, 2023
Close Date
Completed
-
Sep 23, 2023
Allotment Date
Completed
-
Sep 26, 2023
Listing Date
Completed
Madhusudan Masala Limited IPO Essentials
Madhusudan Masala Limited IPO Details
Madhusudan Masala Limited IPO is priced at ₹66-70 per share with a total issue size of 3,400,000 shares(aggregating up to ₹23.80 Cr). The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹66-70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,400,000 shares(aggregating up to ₹23.80 Cr)
- Listing at
- NSE SME
- List price
- 120.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Hem Securities Limited
Madhusudan Masala Limited IPO Details
- Retail Portion 35%
Madhusudan Masala Limited IPO Documents
Madhusudan Masala Limited IPO Analytics
Madhusudan Masala Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Madhusudan Masala Limited IPO Subscription Status
Madhusudan Masala Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
- EPS (Post IPO)
- ₹6.94/-
Returns
- RoNW
- 52.40%
Madhusudan Masala Limited Financials( In Lakhs)
| 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 |
Madhusudan Masala Limited Company & Offer Insights
About Madhusudan Masala Limited
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)
Mr. Dayalji Vanravan Kotecha, Mr. Vijaykumar Vanravan Kotecha, Mr. Rishit Dayalaji Kotecha, Mr. Hiren Vijaykumar Kotecha are the company's promoters of Madhusudan Masala Limited.
Madhusudan Masala Limited IPO Issue Objectives
- •
- Funding to meet working capital requirements
- •
- General Corporate Purpose.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Madhusudan Masala Limited IPO is a book-built IPO worth ₹3,400,000 shares(aggregating up to ₹23.80 Cr). The price band is ₹66–₹70 per share. The IPO opens on Sep 18, 2023 and closes on Sep 21, 2023. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Madhusudan Masala Limited IPO is ₹66 to ₹70 per share.
The lot size of Madhusudan Masala Limited IPO is 2000 shares.
The minimum investment for Madhusudan Masala Limited IPO is approximately ₹1,40,000 based on the upper price band .
Madhusudan Masala Limited IPO opens on Sep 18, 2023 and closes on Sep 21, 2023.
The allotment date of Madhusudan Masala Limited IPO is Sep 23, 2023.
Madhusudan Masala Limited IPO is expected to be listed on Sep 26, 2023, on NSE SME Platform.
Madhusudan Masala Limited IPO valuation snapshot: P/E N/A, EPS ₹6.94/-, P/B N/A, RoNW 52.40%, and market cap N/A.
To apply for Madhusudan Masala Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Madhusudan Masala Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Madhusudan Masala Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Madhusudan Masala Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Madhusudan Masala Limited IPO allotment status on IPO Ji for quick and easy access.