The IPO date for Madhusudan Masala has been announced. The IPO will commence on September 18 and finish on September 21. Madhusudan Masala is an NSE SME IPO that is looking to raise [.] crores through an IPO. The price range for the Madhusudan Masala IPO is fixed at [.] with a market lot of [.] shares.
Madhusudan Masala manufactures and processes around 32 different varieties of spices under the trade names “Double Hathi” and “Maharaja.” Under the brand name “DOUBLE HATHI,” they also sell Whole Spices, Tea, and Other Grocery Products such as 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), and others. Furthermore, they create revenue
through unbranded sales of entire spices and food grains. Their spice selection includes ground spices such as Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder, as well as blend spices such as 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 In addition, the company sells whole spices in retail and large quantities. During fiscal years 2023, 2022, and 2021, revenue from the sale of spices contributed 75.07%, 69.94%, and 83.08% of our total sales, respectively.
The Double Hathi ground spice portfolio includes top-quality spices, whereas the Maharaja portfolio includes value for-money ground spices. Their company has expanded over the years into a maker of 13 varieties of chili powder available in 78 SKUs, serving nearly every consumer sector in the market.
Madhusudan Masala runs from our Jamnagar, Gujarat, production site. Our production facility is located in Industrial Area Hapa, near Jamnagar, and is conveniently located near the local APMC market, allowing for simple and rapid access to raw materials and lowering transportation expenses. Their manufacturing facility is outfitted with plants and technology to support an efficient cleaning, drying, grading, grinding, and packing process.
All spices and other items are prepared at our facility with the highest care and using natural techniques combined with scientific methods to preserve the natural features of the food, such as color and odor, throughout time. Systematic purchases of raw spices during their different seasons enable us to deliver consistent quality spices throughout the year.
Madhusudan Masala IPO Date & Price Band Details
| IPO Open: | September 18, 2023 |
| IPO Close: | September 21, 2023 |
| IPO Size: | Approx ₹[.] Crores, 34,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Objects of the Issue:
- Funding to meet working capital requirements
- General Corporate Purpose.
Madhusudan Masala IPO Review
- To be updated soon
Madhusudan Masala IPO Market Lot
The Madhusudan Masala IPO minimum market lot is [.] shares with a ₹[.] application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | [.] | ₹- |
| Retail Maximum | 1 | [.] | ₹- |
| S-HNI Minimum | 2 | [.] | ₹- |
Madhusudan Masala IPO Dates
The Madhusudan Masala IPO date is September 18, and the IPO close date is September 21. The IPO allotment date is September 26, and the IPO might list on September 29.
| IPO Open Date: | September 18, 2023 |
| IPO Close Date: | September 21, 2023 |
| Basis of Allotment: | September 26, 2023 |
| Refunds: | September 27, 2023 |
| Credit to Demat Account: | September 28, 2023 |
| IPO Listing Date: | September 29, 2023 |
Madhusudan Masala IPO Form
How to apply Madhusudan Masala IPO? –>You can apply for the Madhusudan Masala IPO using your bank account’s ASBA. Simply log in to your online bank account and apply through your bank account by selecting the Madhusudan Masala IPO in the Invest section. You can also apply for the Madhusudan Masala IPO by downloading IPO forms from the NSE website.
Madhusudan Masala Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹68.75 | ₹68.13 | ₹0.45 |
| 2022 | ₹66.52 | ₹65.55 | ₹0.81 |
| 2023 | ₹127.51 | ₹119.77 | ₹5.76 |
Madhusudan Masala IPO Valuation – FY2023
Check Madhusudan Masala IPO valuation details like Earning Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.94 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 52.40% |
| Net Asset Value (NAV): | ₹13.24 per Equity Share |
Peer Group
- NHC Food Ltd.
Madhusudan Masala IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Madhusudan Masala IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: mml.ipo@kfintech.com
Website: https://kosmic.kfintech.com
Company Address
Madhusudan Masala Limited
F. P. No. 19, Plot No. 1B Hapa
Road, Jamnagar, Gujarat-361001
India
Phone: +91- 0288-2572002
Email: info@madhusudanmasala.com
Company Promoters
- Dayalji Vanravan Kotecha
- Vijaykumar Vanravan Kotecha
- Rishit Dayalaji Kotecha
- Hiren Vijaykumar Kotecha
Madhusudan Masala IPO FAQs:
Q1. What is Madhusudan Masala IPO?
Ans. Madhusudan Masala IPO is an NSE SME IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] per equity share. The IPO is to be listed on NSE.
Q2. When Madhusudan Masala IPO will open?
Ans. The IPO is to open on September 18, 2023 for QIB, NII, and Retail Investors.
Q3. What is Madhusudan Masala IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Madhusudan Masala IPO?
Ans. You can apply Madhusudan Masala IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Madhusudan Masala IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Madhusudan Masala”. 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. Open Demat Account with Zerodha.
Q6. How to Apply the Madhusudan Masala IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Madhusudan Masala”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Madhusudan Masala IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Madhusudan Masala”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Madhusudan Masala IPO Size?
Ans. Madhusudan Masala IPO size is ₹[.] crores.
Q9. What is Madhusudan Masala IPO Price Band?
Ans. Madhusudan Masala IPO Price Band is ₹[.] per equity share.
Q10. What is Madhusudan Masala IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is [.] shares with ₹[.].
Q11. What is Madhusudan Masala IPO Allotment Date?
Ans. Madhusudan Masala IPO allotment date is September 26, 2023.
Q12. What is Madhusudan Masala IPO Listing Date?
Ans. Madhusudan Masala IPO listing date is September 29, 2023. The IPO to list on NSE SME.
