Madhusudan Masala is engaged in the business of manufacturing and processing more than 32 types of Spices under the brand names “DOUBLE HATHI” and “MAHARAJA”. They 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”. Furthermore, they also generate revenue from the trading of whole spices and food grains through unbranded sales.
Their range of spices includes Ground spices which comprise various varieties of Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder, and Blend spices which comprise 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 also deals in whole spices in retail and bulk quantities. During the Fiscals 2023, 2022, and 2021 our revenue from the sale of spices contributed to 75.07%, 69.94%, and 83.08% of our overall sales. The Double Hathi portfolio of ground spices comprises premium quality spices whereas value for money segment of ground spices is offered under the Maharaja portfolio. Over the years their company has evolved as a manufacturer of 13 types of chilli powder available in 78 SKUs catering to almost every customer segment in the industry.
Madhusudan Masala operates from our manufacturing facility located at Jamnagar, Gujarat. Our manufacturing unit is situated at Industrial Area Hapa, Near Jamnagar, and is strategically located near the local APMC market thus facilitating easy and quick access to raw materials which reduces the transportation costs as well. Their manufacturing facility is equipped with plant & machinery to facilitate an efficient production process of cleaning, drying, grading, grinding, and packaging. All spices and other products are manufactured at our unit with utmost care and by way of natural processes with scientific methods to retain the natural properties of the food like color & odor with time. Systematic procurement of raw spices in their respective seasons helps us to provide linear quality spices for the whole year.
Objects of the Issue:
- Funding to meet working capital requirements
- General Corporate Purpose.
Madhusudan Masala IPO Review
- May Apply
Madhusudan Masala IPO Date & Price Band Details
|IPO Open:||September 18, 2023|
|IPO Close:||September 21, 2023|
|IPO Size:||Approx ₹23.80 Crores, 34,00,000 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹66 to ₹70 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|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors in IPO:||Click Here|
Madhusudan Masala IPO Market Lot
The Madhusudan Masala IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
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 23 and the IPO might list on September 26.
|IPO Open Date:||September 18, 2023|
|IPO Close Date:||September 21, 2023|
|Basis of Allotment:||September 23, 2023|
|Refunds:||September 23, 2023|
|Credit to Demat Account:||September 25, 2023|
|IPO Listing Date:||September 26, 2023|
Madhusudan Masala IPO Form
How to apply Madhusudan Masala IPO? You can apply Madhusudan Masala IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Madhusudan Masala IPO in the Invest section. The other option you can apply Madhusudan Masala IPO via IPO forms download via the NSE website. Check out the Madhusudan Masala forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Madhusudan Masala Company Financial Report
|₹ in Crores|
Madhusudan Masala IPO Valuation – FY2023
Check Madhusudan Masala 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):||₹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|
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Madhusudan Masala IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: [email protected]
Madhusudan Masala IPO Allotment Status
Check Madhusudan Masala IPO allotment status on KFin Technologies website URL. Click Here
Madhusudan Masala IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Madhusudan Masala Limited
F. P. No. 19, Plot No. 1 – B Hapa
Road, Jamnagar, Gujarat-361001
Phone: +91- 0288 – 2572002
Email: [email protected]