Madhusudan Masala IPO Subscription Status – IPO Closed

Madhusudan Masala IPO subscription status started on Monday, September 18, 2023 and will close on September 21, 2023. Madhusudan Masala IPO to raise around ₹23.80 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹66 to ₹70 per equity share.

Madhusudan Masala IPO

Table of Contents

The Madhusudan Masala IPO minimum market lot is 2000 with ₹140,000 application amount. The IPO is an NSE SME IPO, and it will be listed on the NSE.

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.


IPOWatch View

We recommend investors may apply an IPO with Short-term and Long-term views. Investors should also look at the QIB, NII, and Retail numbers before investing.

Madhusudan Masala IPO Subscription Status – Day 3

CategoryDay 3
QIB86.91
NII574.08
RII592.73
Total444.27


Madhusudan Masala IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

Madhusudan Masala IPO Review

  • May Apply

Madhusudan Masala IPO Form

How to apply for the Madhusudan Masala IPO? You can apply for 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 is you can apply for Madhusudan Masala IPO via IPO forms downloaded via NSE. Check out the Madhusudan Masala forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Madhusudan Masala IPO Subscription Status FAQs:


When Madhusudan Masala IPO Subscription will start?

The IPO subscription starts on September 18, 2023 for NII, and Retail Investors.

How to subscribe Madhusudan Masala IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Madhusudan Masala IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the Madhusudan Masala IPO through Zerodha?

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.

How to Apply the Madhusudan Masala IPO through Upstox?

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.

How to Apply the Madhusudan Masala IPO through Paytm Money?

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.

What is the Madhusudan Masala IPO Allotment Date?

Madhusudan Masala IPO allotment date is September 26, 2023.

What is the Madhusudan Masala IPO Listing Date?

Madhusudan Masala IPO listing date is October 3, 2023. The IPO is to list on NSE.

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One Response

  1. Kindly update me for new coming IPO.
    Like it’s GMP, whether to apply or not

    Thanks

    RAMESH CHANDER PURI

    M – 9654618768

OPEN DEMAT ACCOUNT