Madhusudan Masala (NSE SME)
September 18, 2023 – September 21, 2023
| Price | ₹66 - ₹70 |
| Premium | ₹61 |
|---|---|
| Lot size | 2000 |
| Allotment | Sep 23, 2023 |
| Listing | Sep 26, 2023 |
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/
Last updated on 21-Sep-2023 17:01:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 6,46,000 | 5,61,44,000 | 86.91 |
| NIB | 4,86,000 | 27,91,76,000 | 574.44 |
| RETAIL | 11,30,000 | 66,97,82,000 | 592.73 |
| Total | 22,62,000 | 1,00,51,02,000 | 444.34 |
| Retail Apps | 3,34,891 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 0 |
| HNI | 2 | 4000 | 280000 | 0 |
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, 20222, and 2021 respectively.
Madhusudan Masala IPO Details
Madhusudan Masala IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Madhusudan Masala IPO price is [.] to [.] per share. The IPO will list on NSE SME.
| Issue Size | 3,400,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,400,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,500,000 |
| Share holding post issue | 12,900,000 |
Madhusudan Masala IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 2,599.90 | 3,514.29 | 5,736.52 |
| Revenue | 6,875.18 | 6,651.81 | 12,750.57 |
| Profit | 44.98 | 81.29 | 575.89 |
| Net Worth | 1,094.09 | 31.07 | 1,099.10 |
| Reserves | 30.07 | 599.10 | |
| Borrowing | 966.40 | 2,819.53 | 4,217.20 |