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Madhusudan Masala Ltd.

Madhusudan Masala Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹70
₹70
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹70
Based on GMP
Min. Investment
₹140,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
18 Sep 2023
Close Date
21 Sep 2023
Allotment
26 Sep 2023
Listing Date
26 Sep 2023
Exchange
NSE SME
Price Band
₹70
Listing Price
See chart
Allotment Status
Price Band
₹70
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
34,00,000 shares (aggregating up to ₹23.80 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹140,000
1 lot
Pre-IPO Holding
95,00,000 shares
Promoters
Post-IPO Holding
1,29,00,000 shares
Promoters
P/E (Pre)
10.08x
 
P/E (Post)
15.7x
 
EPS (Pre)
₹6.94
 
UPI Deadline
2023-09-21
Mandate
Anchor AllotmentSun, 17 Sep 2023
Basis of AllotmentTue, 26 Sep 2023
Refund InitiationWed, 27 Sep 2023
Demat CreditFri, 29 Sep 2023
Listing DayTue, 26 Sep 2023
UPI Mandate Deadline2023-09-21
Sale TypeFresh Capital
Net Offer to Public32,28,000 shares (aggregating up to ₹22.60 Cr)
Market Maker Quota1,72,000 shares (aggregating up to ₹1.20 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Madhusudan Masala Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Sep 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
172,000
₹1.20
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
3,400,000
100% ₹23.80
IPO Shares Offered
Madhusudan Masala Ltd. IPO total issue size: ₹23.80 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 172,000 ₹1.20
5.06%
Total 3,400,000 ₹23.80
100.00%
* Based on upper price band ₹70 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹70.00
Upper Band
Min Investment
₹140,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹280,000
Retail (Max — 13 Lots)1326,000₹1,820,000
S-HNI (Min — 14 Lots)1428,000₹1,960,000
B-HNI (Min — 68 Lots)68136,000₹9,520,000
* Issue Price ₹70 × Lot Size 2,000 shares
IPO Schedule
Anchor
17 Sep 2023
✓ Done
IPO Open
18 Sep 2023
✓ Done
IPO Close
21 Sep 2023
✓ Done
Allotment
26 Sep 2023
✓ Done
Refunds
27 Sep 2023
✓ Done
Demat Credit
29 Sep 2023
✓ Done
Listing Day
26 Sep 2023
✓ Done
Madhusudan Masala Ltd. — Live Price LIVE
₹70.00
INR · NSE
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Issue ₹70.00 Live Price
About Madhusudan Masala Ltd.
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:Ground spices: It includes varieties of Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder.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.The company recorded Rs. 12,721.60 Lacs, Rs. 6,540.81 Lacs, and Rs. 6,868.03 Lacs in revenue from operations in fiscal 2023, 2022, and 2021 respectively.
Objects of the Issue
1
Funding to meet working capital requirements
2
General Corporate Purpose
Madhusudan Masala Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹6,875.2
31 Mar 2021
₹6,651.8
31 Mar 2022
₹12,750.6
31 Mar 2023
Profit After Tax (PAT)
₹45.0
31 Mar 2021
₹81.3
31 Mar 2022
₹575.9
31 Mar 2023
Particulars31 Mar 202331 Mar 202231 Mar 2021
Revenue from Operations 12750.57 6651.81 6875.18
EBITDA N/A N/A N/A
Profit After Tax (PAT) 575.89 81.29 44.98
Net Worth 1099.10 31.07 1094.09
Total Assets 5736.52 3514.29 2599.90
Reserves & Surplus 599.10 30.07 N/A
Borrowings 4217.20 2819.53 966.40
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
101.91%
RoCE
20.08%
RoNW
52.40%
Debt/Equity
3.84
Issue Structure & Shareholding
Total Shares Offered34,00,000 (100.00%)
Net Offer to Public32,28,000 shares (aggregating up to ₹22.60 Cr)
Reserved for Market Maker1,72,000 shares (aggregating up to ₹1.20 Cr)
Pre-Issue Promoter Holding95,00,000 shares
Post-Issue Promoter Holding1,29,00,000 shares
P/BV RatioN/A
RoE101.91%
RoCE20.08%
Debt / Equity3.84
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Hem Securities Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Madhusudan Masala Ltd. IPO subscribed?

Madhusudan Masala Ltd. IPO is subscribed 1.00 times by Sep 21, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Madhusudan Masala Ltd. IPO retail subscription status?

The Madhusudan Masala Ltd. IPO retail category is subscribed 1.00 times as of 21 Sep 2023. The retail portion is oversubscribed.

How to subscribe Madhusudan Masala Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 18 Sep 2023 and closes 21 Sep 2023. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2023-09-21.

How many times Madhusudan Masala Ltd. IPO subscribed?

The Madhusudan Masala Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Madhusudan Masala Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Sep 2023. Refunds: on 27 Sep 2023.

When Madhusudan Masala Ltd. IPO will be listed?

The Madhusudan Masala Ltd. IPO listing date is 26 Sep 2023, Tuesday. Listed on: NSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Madhusudan Masala Ltd. IPO close?

The Madhusudan Masala Ltd. IPO closes on 21 Sep 2023, Thursday. UPI mandate: 2023-09-21. Allotment: 26 Sep 2023. Listing: 26 Sep 2023.