Magson Retail IPO Date, Review, Price, Allotment Details

Vijay Prajapati
July 5, 2023

Vijay Prajapati

Magson Retail IPO Details: Magson Retail And Distribution IPO date is fixed, The IPO will open on June 23 and will close on June 27. Magson Retail is an NSE SME IPO to raise ₹13.74 crores via IPO. The Magson Retail IPO price band is fixed at ₹65 with a market lot of 2000 shares.

Magson Retail & Distribution (MRDL) is doing a retail and distribution business of gourmet, frozen food, and specialty foods. It is incorporated in 2018 and operates around 26 retail stores and outlets. They are serving their business with the name of ‘MagSon’. The company has 165 employees in all over India.

Magson Retail has 26 outlets in the best cities such as Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Anand, Rajkot, Gujarat, Jamnagar, Gujarat, and Gandhidham. Also have in Surat, Vadodara, and Gujarat while 13 stores or outlets in Ahmedabad. They are selling a variety of products which includes frozen food vegetarian and non-vegetarian, premium cheese and dairy products, exotic vegetables 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

May Apply

Magson Retail IPO 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
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

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

You can check IPO subscription status and IPO allotment status on their respective pages.

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 – click NSE IPO Forms download, fill and submit in your bank or with your broker.

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

Peer Group

Company Promoters

Mr. Rajesh Emmanuel Francis
Mr. Manish Shivnarayan Pancholi

Magson Retail IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Magson Retail IPO Allotment Status

Check Magson Retail IPO allotment status on Bigshare website URL. Click Here

Magson Retail IPO Lead Managers aka Merchant Bankers

Isk Advisors Pvt Ltd

Company Address

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: [email protected]
Website: https://www.magson.in

Magson Retail IPO FAQs

What is Magson Retail IPO?

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.

When Magson Retail IPO will open?

The IPO is to open on June 23, 2023 for NII, and Retail Investors.

What is Magson Retail IPO Investors Portion?

The investors’ portion for NII is 50, and Retail is 50%.

How to Apply the Magson Retail IPO?

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.

How to Apply the Magson Retail 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 “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.

How to Apply the Magson Retail IPO through Upstox?

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.

How to Apply the Magson Retail IPO through Paytm Money?

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.

What is Magson Retail IPO Size?

Magson Retail IPO size is ₹13.74 crores.

What is Magson Retail IPO Price Band?

Magson Retail IPO Price Band is ₹65 per equity share.

What is Magson Retail IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹130,000.

What is Magson Retail IPO Allotment Date?

Magson Retail IPO allotment date is July 3, 2023.

What is Magson Retail IPO Listing Date?

Magson Retail IPO listing date is July 6, 2023. The IPO to list on NSE SME.

Note: The Magson Retail IPO details are announced officially. The IPO grey market premium (Magson Retail IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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