Magson Retail And Distribution Limited IPO
Magson Retail And Distribution Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹65 per share. The stock debuted at ₹91.15, delivering a listing gain of 40.2%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,30,000.
Magson Retail And Distribution Limited IPO
- IPO Dates
- Jun 23, 2023 – Jun 27, 2023
- Price band
- ₹65 per equity share
- Minimum Investment
- ₹1,30,000
- Issue size
- 2,114,000 shares(aggregating up to ₹13.74 Cr)
- Lot size
- 2000
- Allotment Date
- Jul 3, 2023
- Listing
- Jul 6, 2023
- Listing At
- NSE SME
IPO timeline
-
Jun 23, 2023
Open Date
Completed
-
Jun 27, 2023
Close Date
Completed
-
Jul 3, 2023
Allotment Date
Completed
-
Jul 6, 2023
Listing Date
Completed
Magson Retail And Distribution Limited IPO Essentials
Magson Retail And Distribution Limited IPO Details
Magson Retail And Distribution Limited IPO is priced at ₹65 per share with a total issue size of 2,114,000 shares(aggregating up to ₹13.74 Cr). The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹65 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,114,000 shares(aggregating up to ₹13.74 Cr)
- Listing at
- NSE SME
- List price
- 91.15
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Isk Advisors Pvt Ltd
Magson Retail And Distribution Limited IPO Details
- Retail Portion N/A
Magson Retail And Distribution Limited IPO Documents
Magson Retail And Distribution Limited IPO Analytics
Magson Retail And Distribution Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Magson Retail And Distribution Limited IPO Subscription Status
Magson Retail And Distribution 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 | 1,004,000 | 1,004,000 | 1,008,000 |
|
Day 1
23-06-23 06:00 PM
|
(0.45) x | 0.65 x | 0.55 x |
|
Day 2
26-06-23 06:00 PM
|
(1.02) x | 2.37 x | 1.70 x |
|
Day 3
27-06-23 06:00 PM
|
(6.19) x | 7.33 x | 6.76 x |
Magson Retail And Distribution Limited Valuations
Earnings
- EPS (Post IPO)
- ₹4.31/-
- P/E Ratio
- 20.25
Returns
- RoNW
- 35.20%
Magson Retail And Distribution Limited Financials( In Lakhs)
| 31-Oct-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 2,252.17 | 1,494.69 | 1,283.84 | 833.45 |
| Revenue | 3,648.21 | 5,566.77 | 5,358.92 | 3,241.22 |
| Profit After Tax | 125.43 | 223.36 | 181.75 | 166.31 |
Magson Retail And Distribution Limited Company & Offer Insights
About Magson Retail And Distribution Limited
Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods.
Magson Retail & Distribution's product category includes:
Frozen food Vegetarian and Non-vegetarian
Premium Cheese and Dairy products
Exotic Vegetables and fruits
Ambient Products
Imported/ luxury Chocolates
Imported packed products
The company has over 26 retail stores/outlets of which 16 are operated by the company, 7 are operated by franchise owners and 3 stores are operated under 2 joint ventures. MRDL operates all its stores under the registered brand name MagSon.
These stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Gujarat, Anand, Gujarat, Rajkot, Gujarat, Jamnagar, Gujarat, and Gandhidham, Gujarat. Three stores each in Surat, Gujarat, Vadodara, and Gujarat and thirteen stores/outlets in Ahmedabad (including one chocolate store). The total retail space of 26 outlets/stores is more than 30,000 sq. ft. with the total stock (SKU) count in the store being more than 3000 units.
The company has rented a warehouse of more than 14,000 sq. ft. in Ahmedabad, Gujarat from where it manages its inventory. MRDL procures 75% of the products directly from the manufacturers thereby eliminating the middlemen which enables the company to earn higher margins. The other 25% is supplied directly from other distributors/wholesalers.
In December 2021 Magson launched its own brand - Rf Gourmet, it provides premium products such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a range of Chicken Seekh Kababs.
Magson Retail And Distribution Limited Promoter(s)
Mr. Rajesh Emmanuel Francis, Mr. Manish Shivnarayan Pancholi are the company's promoters of Magson Retail And Distribution Limited.
Magson Retail And Distribution Limited IPO Issue Objectives
- •
- To set up new organizations and stores under a franchise model & tie up with major suppliers
- •
- Working Capital Requirement
- •
- General Corporate Purpose
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Magson Retail And Distribution Limited IPO is a Fixed Priced IPO worth ₹2,114,000 shares(aggregating up to ₹13.74 Cr). The issue price is ₹65 per share (fixed price). The IPO opens on Jun 23, 2023 and closes on Jun 27, 2023. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Magson Retail And Distribution Limited IPO is ₹65 per share (fixed price).
The lot size of Magson Retail And Distribution Limited IPO is 2000 shares.
The minimum investment for Magson Retail And Distribution Limited IPO is approximately ₹1,30,000 based on the issue price .
Magson Retail And Distribution Limited IPO opens on Jun 23, 2023 and closes on Jun 27, 2023.
The allotment date of Magson Retail And Distribution Limited IPO is Jul 3, 2023.
Magson Retail And Distribution Limited IPO is expected to be listed on Jul 6, 2023, on NSE SME Platform.
Magson Retail And Distribution Limited IPO valuation snapshot: P/E 20.25, EPS ₹4.31/-, P/B N/A, RoNW 35.20%, and market cap N/A.
To apply for Magson Retail And Distribution 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 Magson Retail And Distribution 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 Magson Retail And Distribution Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Magson Retail And Distribution Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Magson Retail And Distribution Limited IPO allotment status on IPO Ji for quick and easy access.