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
- NA
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
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