Madhusudan Masala Limited
Book Built Issue IPO · NSE
- Price band
- ₹66 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹23.8 cr
- Total subscription
- 444.34×
- Opens
- 18 Sept 2023
- Closes
- 21 Sept 2023
- Allotment
- 23 Sept 2023
- Listing
- 26 Sept 2023
Offer at a glance
Issue overview
- Issue size
- 34,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹23.8 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 95,00,000
- Shares after issue
- 1,29,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,40,000 |
| HNI | 2 | 4,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.52 | 393.01 |
| RETAIL | 7.91 | 4,688.47 |
| NIB | 3.4 | 1,954.23 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 6.94 |
| ROE | 101.91 |
| ROCE | 20.08 |
| RONW | 52.4 |
| PRE IPO(PE) | 10.08 |
| POST IPO(PE) | 15.7 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1996, Madhusudan Masala Limited manufactures over 32 types of spices under the brands "DOUBLE HATHI" and "MAHARAJA" and also offers whole spices, tea, and grocery products like Rajgira flour, Papad, Soya products, Asafoetida, black salt, and rock salt. The company operates two segments: Ground Spices, including Chilli, Turmeric, and Coriander powders, and Blend Spices, including Garam Masala, Tea Masala, Pav Bhaji Masala, Kitchen King Masala, and Chicken Masala. Its manufacturing facility in Hapa, near Jamnagar, is ISO 9001:2015, ISO 22000:2018, HACCP certified, and FSSAI licensed. Madhusudan Masala recorded revenues of ₹12,721.60 Lacs in FY23. The company’s IPO will list on NSE SME.
Promoters
Mr. Dayalji Vanravan Kotecha
Mr. Vijaykumar Vanravan Kotecha
Mr. Rishit Dayalaji Kotecha
Mr. Hiren Vijaykumar Kotecha
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F. P. No. 19, Plot No. 1 - B Hapa Road, Jamnagar - 361001
+91- 0288 - 2572002
[email protected]Company website ↗Understanding MADHUSUDAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.