Magson Retail And Distribution IPO Date,GMP,Review, Price, Form, Lot Size & Allotment Details 2023

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Incorporated in 2018, Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods.

Magson Retail & Distribution’s product category includes:

  • Frozen food Vegetarian and Non-vegetarian
  • Premium Cheese and Dairy products
  • Exotic Vegetables and fruits
  • Ambient Products
  • Imported/ luxury Chocolates
  • Imported packed products

The company operates 16 of its more than 26 retail stores/outlets directly, 7 are run by franchisees, and 3 are run by two joint ventures. The registered brand name “MagSon” is used by MRDL to operate all of its locations.

There are 26 outlets in well-known cities, including one each in Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham, distributed throughout Western India. There are three stores in Surat, three in Vadodara, and thirteen in Ahmedabad (including one chocolate shop). The combined retail space of 26 outlets/stores is more than 30,000 square feet, and there are more than 3000 SKUs in the entire store.

The business has leased a warehouse in Ahmedabad that is more than 14,000 square feet from

where its inventory is managed. By cutting out the intermediaries and obtaining 75% of its items straight from manufacturers, Magson is able to increase its margins. The remaining 25% is obtained directly from various wholesalers and distributors.Magson introduced its own brand, Rf Gourmet, in December 2021. It offers high-quality items like French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a variety of Chicken Seekh Kababs.

Magson Retail And Distribution IPO Details

IPO DateJun 23, 2023 to Jun 27, 2023
Listing Date[.]
Face Value₹10 per share
Price₹65 per share
Lot Size2000 Shares
Total Issue Size2,114,000 shares
(aggregating up to ₹13.74 Cr)
Fresh Issue2,114,000 shares
(aggregating up to ₹13.74 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Market Maker portion106,000 shares
Sunflower Broking

Magson Retail And Distribution IPO Reservation

Retail Shares OfferedNot less than 50.00% of the Offer

Magson Retail And Distribution IPO Timetable (Tentative)

Magson Retail And Distribution IPO opens on Jun 23, 2023, and closes on Jun 27, 2023.

EventTentative Date
Opening DateFriday, 23 June 2023
Closing DateTuesday, 27 June 2023
Basis of AllotmentMonday, 3 July 2023
Initiation of RefundsTuesday, 4 July 2023
Credit of Shares to DematWednesday, 5 July 2023
Listing DateThursday, 6 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 27, 2023

Magson Retail And Distribution IPO Lot Size

The Magson Retail And Distribution IPO lot size is 2000 shares.

ApplicationLotsSharesAmount
Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
HNI (Min)24,000₹260,000
Lot Size Calculator

Magson Retail And Distribution IPO Promoter Holding

Mr. Rajesh Emmanuel Francis and Mr. Manish Shivnarayan Pancholi are the company promoters.

Pre Issue Share Holding95.89%
Post Issue Share Holding70.06%

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20833.453,241.22166.31169.04168.04354.00
31-Mar-211,283.845,358.92181.75350.80349.80386.60
31-Mar-221,494.695,566.77223.36574.06573.06344.72
31-Mar-231,999.876,301.49251.88926.25352.65321.95
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To set up new organizations and stores under a franchise model & tie up with major suppliers,
  2. Working Capital Requirement, and
  3. General Corporate Purpose.

Magson Retail And Distribution IPO Prospectus

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Magson Retail And Distribution IPO Rating

3

5.0

Rating

Company Contact Information

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
Websitehttps://www.magson.in/#

Magson Retail And Distribution IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

Magson Retail And Distribution IPO Analysis

Magson Retail And Distribution IPO Recommendation Summary

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Members000

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Magson Retail And Distribution IPO Lead Manager(s)

  1. Isk Advisors Pvt Ltd (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker

Magson Retail And Distribution IPO Review & Recommendations

Magson Retail And Distribution IPO Review Summary

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Magson Retail And Distribution IPO Details

IPO OpenJun 23, 2023
IPO CloseJun 27, 2023
IPO Price₹65
Face Value₹10
IPO Size₹13.74 Cr
Listing AtNSE SME
Lot Size2000

Magson Retail And Distribution IPO Review by Members

Magson Retail And Distribution IPO Reviews, analysis and views by popular members. Read Magson Retail And Distribution Limited IPO reviews by retail investors to find recommended ipo to buy.

Magson Retail And Distribution IPO Shares to Apply By Amount Calculator

Enter the amount you would like to invest in Magson Retail And Distribution IPO and find how many shares you should apply. In an IPO, shares are applied in lots. This calculator helps you to find an exact number of shares to apply for the given amount.

Amount to Invest (Rs)
Lot Size (Shares)2000
Shares Issue Price (Rs)65
Find No. of Shares to Apply
Lots to Apply0
Shares to Apply0
Total Amount (Rs)0

Magson Retail And Distribution IPO Schedule

Magson Retail And Distribution IPO opens on Jun 23, 2023, and closes on Jun 27, 2023.

EventDate
Opening DateJun 23, 2023
Closing DateJun 27, 2023
Basis of AllotmentJul 3, 2023
Initiation of RefundsJul 4, 2023
Credit of Shares to DematJul 5, 2023
Listing DateJul 6, 2023

Magson Retail IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Magson Retail IPO Subscription – Live Updates

Coming soon

What is Magson Retail IPO offer size?

Magson Retail offer size is INR 13.74 crores.

What is the Magson Retail offer price band?

Magson Retail public offer price is INR 65 per share.

What is the lot size of Magson Retail public offer?

Magson Retail offer lot size is 2,000 shares.

What is Magson Retail kostak rate today?

Magson Retail kostak rate today is INR NA per application.

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