Madhusudan Masala Limited IPO will open on 18 Sep 2023 and will close on 21 Sep 2023. The LOT size of this IPO is 2000 shares.
Madhusudan Masala Limiteds IPO GMP Price
The GMP Price of Madhusudan Masala Limited IPO is Rs. 59 as per Market search.
IPO Objective
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding to meet working capital requirements, and
- General Corporate Purpose.
About Company
Madhusudan Masala Limited IPO will open on 18 Sep 2023 and will close on 21 Sep 2023. The price band is Rs. 66-70 per equity share and a lot of shares are 2000. They are going to be listed on NSE SME.
Madhusudan Masala Limited stands out as a dynamic producer, churning out an impressive assortment of over 32 spices. They’ve solidified their market presence with their signature brands, “DOUBLE HATHI” and “MAHARAJA.”
Venturing beyond just spices, the company boasts an expansive grocery lineup. From the familiar Whole Spices and Tea to unique offerings like Rajgira flour and Katlu powder, their product range is diverse. Under the umbrella of “DOUBLE HATHI,” customers can find exotic selections like Asafoetida (Hing), Achar masala, and even Kasuri Methi. Plus, they’ve smartly extended their range by packaging select products sourced from third-party manufacturers, ensuring the “DOUBLE HATHI” seal is omnipresent.
When it comes to their spice repertoire, they’ve classified it neatly into:
- Ground Spices: A mix of foundational flavors, featuring the likes of Turmeric, Chilli, and Coriander powders.
- Blend Spices: A delightful ensemble of mixes from the aromatic Garam Masala and Tea Masala to the tangy Dry Mango Powder and the zesty Chatpata Chat Masala.
Nestled in the Industrial Area Hapa, close to Jamnagar, is their state-of-the-art production facility. With badges of honor like ISO 9001:2015 and ISO 22000:2018, not to mention HACCP and FSSAI credentials, they are a testament to quality and safety.
On the financial frontier, they’ve shown a notable trajectory. Clocking in revenues of Rs. 12,721.60 Lacs in 2023, they’ve seen a substantial rise from their figures of Rs. 6,540.81 Lacs and Rs. 6,868.03 Lacs in 2022 and 2021 respectively
Madhusudan Masala Limited IPO Subscription Status (Live Data)
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Madhusudan Masala Limited IPO Details
| Description | Madhusudan Masala Limited IPO Details |
|---|---|
| Issue Size | 3,400,000 shares (aggregating up to ₹23.80 Cr) |
| Issue Open Date | 18 Sep 2023 |
| Issue Close Date | 21 Sep 2023 |
| IPO Price Band | ₹66 – ₹70 |
| Face Value | ₹10 per share |
| Market Lot | 2000 Shares |
| Minimum Order Quantity | 2000 Shares |
| Listing | NSE SME |
Madhusudan Masala Limited Limited Financial Information (Consolidated)
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,599.90 | 3,514.29 | 5,736.52 |
| Revenue | 6,875.18 | 6,651.81 | 12,750.57 |
| Profit After Tax | 44.98 | 81.29 | 575.89 |
| Net Worth | 1,094.09 | 31.07 | 1,099.10 |
| Reserves and Surplus | 30.07 | 599.10 | |
| Total Borrowing | 966.40 | 2,819.53 | 4,217.20 |
Madhusudan Masala Limited IPO Important Dates
| Offer start | 18 Sep 2023 |
| Offer end | 21 Sep 2023 |
| Allotment finalization | 26 Sep 2023 |
| Refund initiation | 27 Sep 2023 |
| Demat transfer | 29 Sep 2023 |
| Listing | 03 Oct 2023 |
Madhusudan Masala Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
Madhusudan Masala Limited IPO Registrar
Phone: 04067162222, 04079611000
Email: mml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Madhusudan Masala Limited Company Address
Madhusudan Masala Limited
F. P. No. 19,
Plot No. 1 – B Hapa Road,
Jamnagar – 361001
Phone: +91- 0288 – 2572002
Email: info@madhusudanmasala.com
Website: https://www.madhusudanmasala.com/
How to Apply Madhusudan Masala Limited IPO?
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What is Madhusudan Masala Limited IPO?
Madhusudan Masala Limited IPO will open on 18 Sep 2023 and close on 21 Sep 2023.
When will Madhusudan Masala Limited IPO open?
Madhusudan Masala Limited IPO will open on 18 Sep 2023.
When will Madhusudan Masala Limited IPO close?
Madhusudan Masala Limited IPO will close on 21 Sep 2023.
What is the LOT size of Madhusudan Masala Limited IPO?
The LOT size of Madhusudan Masala Limited IPO is 2000 shares.