The IPO date for Magson Retail And Distribution has been announced. The IPO will begin on June 23 and end on June 27. Magson Retail is an NSE SME IPO that will raise 13.74 crores through the IPO. The price band for the Magson Retail IPO is set at 65, with a market lot of 2000 shares.
Magson Retail & Distribution (MRDL) is a gourmet, frozen food and specialty food merchant and wholesaler. It was founded in 2018 and now has 26 retail locations and outlets. ‘MagSon‘ is the moniker under which they conduct business. The company employs 165 people across India. Magson Retail operates 26 stores across the best cities in India, including Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Anand, Rajkot, Gujarat, Jamnagar, Gujarat, and Gandhidham. There are also stores in Surat, Vadodara, and Gujarat, as well as 13 in Ahmedabad.
They sell a wide range of items, including vegetarian and non-vegetarian frozen meals, premium cheese and dairy products, unusual veggies and fruits, ambient products, luxury chocolates, and more.
Objects of the Issue:
- To set up new organizations and stores under a franchise model & tie up with major suppliers,
- Working Capital Requirement
- General corporate purpose
Magson Retail IPO Review
- To be updated soon
Magson Retail IPO GMP, Date & Price Band Details
| IPO Open: | June 23, 2023 |
| IPO Close: | June 27, 2023 |
| IPO Size: | Approx ₹13.74 Crores, 2,114,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Magson Retail IPO Market Lot
The Magson Retail IPO minimum market lot is 2000 shares with a ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹260,000 |
Magson Retail IPO Dates
The Magson Retail IPO date is June 23 and the IPO close date is June 27. The IPO allotment date is July 3 and the IPO might list on July 6.
| IPO Open Date: | June 23, 2023 |
| IPO Close Date: | June 27, 2023 |
| Basis of Allotment: | July 3, 2023 |
| Refunds: | July 4, 2023 |
| Credit to Demat Account: | July 5, 2023 |
| IPO Listing Date: | July 6, 2023 |
Magson Retail IPO Form
How to apply Magson Retail IPO? –> You can apply Magson Retail IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Magson Retail IPO in the Invest section. The other option you can apply Magson Retail IPO via IPO forms download via the NSE website. Check out the Magson Retail forms.
Magson Retail Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹32.40 | ₹30.14 | ₹1.66 |
| 2021 | ₹53.59 | ₹51.15 | ₹1.82 |
| 2022 | ₹55.67 | ₹53.11 | ₹2.23 |
| 2023 | ₹63.01 | ₹59.65 | ₹2.52 |
Magson Retail IPO Valuation – FY2023
Check Magson Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.96 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 27.19% |
| Net Asset Value (NAV): | ₹16.14 per Equity Share |
Company Promoters
- Mr. Rajesh Emmanuel Francis
- Mr. Manish Shivnarayan Pancholi
Magson Retail IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Magson Retail And Distribution Limited
204-B, Primate Complex, Opp. Mother Milk Palace,
Nr. Judges Bungalows Cross Roads,
Bodakdev, Ahmedabad – 380015
Phone: +91 9978607507
Email: cs.magson@gmail.com
Website: https://www.magson.in
Magson Retail IPO Lead Managers aka Merchant Bankers
- Isk Advisors Pvt Ltd
Magson Retail IPO FAQs:
Q1. What is Magson Retail IPO?
Ans. Magson Retail IPO is an NSE SME IPO. They are going to raise ₹13.74 Crores via IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE.
Q2. When Magson Retail IPO will open?
Ans. The IPO is to open on June 23, 2023 for NII, and Retail Investors.
Q3. What is Magson Retail IPO Investors Portion?
Ans. The investors’ portion for NII is 50, and Retail is 50%.
Q4. How to Apply the Magson Retail IPO?
Ans. You can apply Magson Retail 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 Magson Retail 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 “Magson Retail”. 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 Magson Retail IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Magson Retail”. 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 Magson Retail IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Magson Retail”. 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 Magson Retail IPO Size?
Ans. Magson Retail IPO size is ₹13.74 crores.
Q9. What is Magson Retail IPO Price Band?
Ans. Magson Retail IPO Price Band is ₹65 per equity share.
Q10. What is Magson Retail IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 2000 shares with ₹130,000.
Q11. What is Magson Retail IPO Allotment Date?
Ans. Magson Retail IPO allotment date is July 3, 2023.
Q12. What is Magson Retail IPO Listing Date?
Ans. Magson Retail IPO listing date is July 6, 2023. The IPO to list on NSE SME.
