Madhusudan Masala IPO will be Open on 18 September 2023 and closes on 21 September 2023. The company has fixed the price of this IPO at ₹66-₹70 according to the face value of ₹10. The company will raise ₹23.80 Crores through this IPO under the 3,400,000 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO 50% for QIB, 15% for NII and 35% Retail Investor. You can check Madhusudan Masala IPO GMP here.
Madhusudan Masala limited engaged in the business of manufacturing and processing of more than 32 types of Spices under the brand names of “DOUBLE HATHI” and “MAHARAJA”. The company also sell products like: 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”.
Madhusudan Masala has two product segments:
- Ground spices: Chilli Powder, Turmeric Powder, Coriander Powder and Coriander Cumin Powder.
- Blend spices: 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.
The company r company has evolved as manufacturer of 13 types of chilli powder available in 78 SKUs catering to almost every customer segment in the industry. The company operate from our manufacturing facility located at Jamnagar, Gujarat. The company manufacturing unit is situated at Industrial Area Hapa, Near Jamnagar. You can check Madhusudan Masala IPO subscription status here.
Objects Of The Issue :
- Funding to meet working capital requirements
- General Corporate Purposes
Company Strengths :
- We have a recognized brand name with heritage and a legacy of over four decades.
- Consistent focus on quality
- Long Standing Relationship with our customers
- Diversified product portfolio
| Read also: Upcoming IPO List 2023 |
Madhusudan Masala IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹5.76 Cr ₹70 Per Shares 6.94 10.08x 101.91 % 52.40 % 20.08 % 3.84 ₹13.24 ₹57.36 Cr ₹90.30 Cr 100.00 % 73.64 % |
| Team Review : | ✔ Apply For Listing Gain & Long Term |
Madhusudan Masala IPO GMP Live:
Madhusudan Masala IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 18 Sep 2023 | ₹59-₹60 | ₹89700 |
| 17Sep 2023 | ₹59-₹60 | ₹89700 |
| 16 Sep 2023 | ₹59-₹60 | ₹89700 |
| 15 Sep 2023 | ₹59-₹60 | ₹89700 |
Madhusudan Masala IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 18 September 2023 |
| IPO Close : | 21 September 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹66-₹70 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹23.80 Cr {34,00,000 Shares} |
| Fresh Issue : | ₹23.80 Cr {34,00,000 Shares} |
Madhusudan Masala IPO Market Lot :
Madhusudan Masala IPO Minimum Market lot is 1 Lot with 2000 shares with ₹140,000 Application amount. The retail investors can apply up to 1 lots with 2000 Shares or ₹140,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1000 | ₹140,000 |
| Retail (Max) : | 1 | 1000 | ₹140,000 |
| S-HNI (Min) : | 2 | 1000 | ₹280,000 |
Madhusudan Masala IPO Shares Offer :
A Total of 3,400,000 shares are to be bid for the public issue by Madhusudan Masala IPO with 3,400,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 3,400,000 | ₹23.80 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 3,400,000 | ₹23.80 Cr |
Madhusudan Masala IPO Net Reservation :
Madhusudan Masala IPO Net Reservation of 3,400,000 shares are to be bid for the public issue by Madhusudan Masala IPO with 16,12,000 for QIB, 486,000 for NII 11,30,000 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 16,12,000 | ₹11.28 Cr |
| NII : | 15% | 486,000 | ₹3.40 Cr |
| RII : | 35% | 11,30,000 | ₹7.91 Cr |
| MMRP : | – % | 172,000 | ₹1.20 Cr |
| Total : | 100% | 34,00,000 | ₹23.80 Cr |
Madhusudan Masala IPO EPS & RoNW :
The Madhusudan Masala company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹6.94 | 52.40% | ₹13.24 |
| 2022 | ₹15.41 | 261.67% | ₹5.89 |
| 2021 | ₹8.53 | 4.11% | ₹207.42 |
Madhusudan Masala IPO Peer Comparison PE :
The Madhusudan Masala, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | NHC Food Limited | 34.25 |
Madhusudan Masala IPO Dates :
Madhusudan Masala IPO Date is 18 September 2023 and closes on 21 September 2023. The allotment will be finalized on 26 September 2023 and the IPO may list on 03 October 2023.
| Issue Open Date : | 18 September 2023 |
| Issue Close Date : | 21 September 2023 |
| Allotment Date : | 26 September 2023 |
| Refund Date : | 27 September 2023 |
| Share Credit Date : | 29 September 2023 |
| Listing Date : | 03 October 2023 |
Madhusudan Masala IPO Form :
There are two ways to apply in Madhusudan Masala IPO. You can apply for Madhusudan Masala IPO through ASBA available in your bank account. You have to go to your online bank login and select Madhusudan Masala IPO in the Invest section and apply through your bank account. Another option is you can apply Madhusudan Masala IPO through IPO form download through NSE and BSE. See the Madhusudan Masala IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Madhusudan Masala Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹12,750.57 | ₹11,977.35 | ₹575.89 |
| 2022 | ₹6,651.81 | ₹6,554.78 | ₹81.29 |
| 2021 | ₹6,875.18 | ₹6,813.43 | ₹44.98 |
Company Promoters :
■ Rishit Dayalaji Kotecha
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Madhusudan Masala IPO Lead Managers :
■ Hem Securities Limited
Madhusudan Masala IPO Registrar :
KFin Technologies Limited
Address: Selenium Tower- B, Plot 31 & 32,
Gachibowli Financial District,
Nanakramguda, Serilingampally,
Hyderabad- 500032, Telangana
Tel No.: +91 40 6716 2222
Toll Free No.: 1800 309 4001
Email: [email protected]
Investor Grievance Email Id: [email protected]
Website: www.kfintech.com
Note: Check Madhusudan Masala IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Madhusudan Masala Limited
F. P. No. 19, Plot No. 1 – B Hapa Road,
Jamnagar, Gujarat- 361001 India.
Tel. No.: +91-0288-2572002
Email: [email protected]
Website: www.madhusudanmasala.com
Madhusudan Masala IPO FAQs :
What is Madhusudan Masala IPO?
Madhusudan Masala IPO is SME IPO. They are going to raise ₹23.80 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO to be listed on NSE, SME.
When Madhusudan Masala IPO will open?
The IPO is to open on 18 Sep -21 Sep for QIB, NII & RII.
How much is Madhusudan Masala IPO Size?
Madhusudan Masala IPO size is ₹23.80 Crores.
How much is the Fresh issue size of Madhusudan Masala IPO?
The Fresh issue size of Madhusudan Masala IPO ₹23.80 Cr.
How much is the Offer For Sale size of Madhusudan Masala IPO?
The Offer For Sale size of Madhusudan Masala IPO ₹0 Cr.
What is Madhusudan Masala IPO Price Band?
Madhusudan Masala IPO Price Band is ₹70 Per share.
What is the Madhusudan Masala IPO Minimum and Maximum Lot Size?
The minimum bid is 2000 Shares with ₹140,000 amount while the maximum bid is 2000 shares with ₹140,000.
How much is Madhusudan Masala IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
When is Madhusudan Masala IPO Allotment Date?
Madhusudan Masala IPO allotment date is 26 September 2023.
When is Madhusudan Masala IPO Listing Date?
Madhusudan Masala IPO listing date is 03 October 2023. The IPO to list on BSE, SME.
How to Apply the Madhusudan Masala IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Madhusudan Masala IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Madhusudan Masala IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Madhusudan Masala IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Madhusudan Masala IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Madhusudan Masala IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Madhusudan Masala IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Madhusudan Masala IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Madhusudan Masala GMP: Click Here Madhusudan Masala Subscription: Click Here Madhusudan Masala Allotment: Click Here Madhusudan Masala Listing: Click Here |
All Madhusudan Masala IPO-related links are available here. If you want to know the details then click on Click Here Link.
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