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Magson Retail & Distribution Ltd

Magson Retail & Distribution Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹65
₹65
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹65
Based on GMP
Min. Investment
₹130,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Jun 2023
Close Date
27 Jun 2023
Allotment
03 Jul 2023
Listing Date
06 Jul 2023
Exchange
NSE SME
Price Band
₹65
Listing Price
See chart
Allotment Status
Price Band
₹65
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
21,14,000 shares (aggregating up to ₹13.74 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹130,000
1 lot
Pre-IPO Holding
57,36,000 shares
Promoters
Post-IPO Holding
78,50,000 shares
Promoters
P/E (Pre)
20.25x
 
EPS (Pre)
₹4.96
 
UPI Deadline
2023-06-27
Mandate
Anchor AllotmentThu, 22 Jun 2023
Basis of AllotmentMon, 03 Jul 2023
Refund InitiationTue, 04 Jul 2023
Demat CreditWed, 05 Jul 2023
Listing DayThu, 06 Jul 2023
UPI Mandate Deadline2023-06-27
Sale TypeFresh Capital
Net Offer to Public20,08,000 shares (aggregating up to ₹13.05 Cr)
Market Maker Quota1,06,000 shares (aggregating up to ₹0.6890 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Magson Retail & Distribution Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Jun 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
106,000
₹0.69
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,114,000
100% ₹13.74
IPO Shares Offered
Magson Retail & Distribution Ltd IPO total issue size: ₹13.74 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 106,000 ₹0.69
5.01%
Total 2,114,000 ₹13.74
100.00%
* Based on upper price band ₹65 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹65.00
Upper Band
Min Investment
₹130,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹260,000
Retail (Max — 13 Lots)1326,000₹1,690,000
S-HNI (Min — 14 Lots)1428,000₹1,820,000
B-HNI (Min — 68 Lots)68136,000₹8,840,000
* Issue Price ₹65 × Lot Size 2,000 shares
IPO Schedule
Anchor
22 Jun 2023
✓ Done
IPO Open
23 Jun 2023
✓ Done
IPO Close
27 Jun 2023
✓ Done
Allotment
03 Jul 2023
✓ Done
Refunds
04 Jul 2023
✓ Done
Demat Credit
05 Jul 2023
✓ Done
Listing Day
06 Jul 2023
✓ Done
Magson Retail & Distribution Ltd — Live Price LIVE
₹65.00
INR · NSE
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Issue ₹65.00 Live Price
About Magson Retail & Distribution Ltd
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-vegetarianPremium Cheese and Dairy productsExotic Vegetables and fruitsAmbient ProductsImported/ luxury ChocolatesImported packed productsThe company has over 26 retail stores/outlets of which 16 are operated by the company, 7 are operated by franchise owners and 3 stores are operated under 2 joint ventures. MRDL operates all its stores under the registered brand name "MagSon".These stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham. Three stores each in Surat and Vadodara, and thirteen stores/outlets in Ahmedabad (including one chocolate store). The total retail space of 26 outlets/stores is more than 30,000 sq. ft. with the total stock (SKU) count in the store being more than 3000 units.The company has rented a warehouse of more than 14,000 sq. ft. in Ahmedabad from where it manages its inventory. Magson procures 75% of the products directly from the manufacturers thereby eliminating the middlemen which enables the company to earn higher margins. The other 25% is supplied directly from other distributors/wholesalers.In December 2021, Magson launched its own brand - Rf Gourmet, it provides premium products such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a range of Chicken Seekh Kababs.
Objects of the Issue
1
To set up new organisation and stores under franchise model & tie up with major suppliers.
2
Working Capital Requirement
3
General Corporate Purpose
Magson Retail & Distribution Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹5,358.9
31-Mar-21
₹5,566.8
31-Mar-22
₹6,301.5
31-Mar-23
Profit After Tax (PAT)
₹181.8
31-Mar-21
₹223.4
31-Mar-22
₹251.9
31-Mar-23
Particulars31-Mar-2331-Mar-2231-Mar-21
Revenue from Operations 6301.49 5566.77 5358.92
EBITDA N/A N/A N/A
Profit After Tax (PAT) 251.88 223.36 181.75
Net Worth 926.25 574.06 350.80
Total Assets 1999.87 1494.69 1283.84
Reserves & Surplus 352.65 573.06 349.80
Borrowings 321.95 344.72 386.60
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoNW
27.19%
Debt/Equity
0.35
Issue Structure & Shareholding
Total Shares Offered21,14,000 (100.00%)
Net Offer to Public20,08,000 shares (aggregating up to ₹13.05 Cr)
Reserved for Market Maker1,06,000 shares (aggregating up to ₹0.6890 Cr)
Pre-Issue Promoter Holding57,36,000 shares
Post-Issue Promoter Holding78,50,000 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / Equity0.35
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ISK Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Magson Retail & Distribution Ltd IPO subscribed?

Magson Retail & Distribution Ltd IPO is subscribed 1.00 times by Jun 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Magson Retail & Distribution Ltd IPO retail subscription status?

The Magson Retail & Distribution Ltd IPO retail category is subscribed 1.00 times as of 27 Jun 2023. The retail portion is oversubscribed.

How to subscribe Magson Retail & Distribution Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Jun 2023 and closes 27 Jun 2023. Min investment: ₹130,000 (1 lot = 2,000 shares). UPI mandate: 2023-06-27.

How many times Magson Retail & Distribution Ltd IPO subscribed?

The Magson Retail & Distribution Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Magson Retail & Distribution Ltd IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Jul 2023. Refunds: on 04 Jul 2023.

When Magson Retail & Distribution Ltd IPO will be listed?

The Magson Retail & Distribution Ltd IPO listing date is 06 Jul 2023, Thursday. Listed on: NSE SME. Issue price: ₹65. Estimated listing: ₹65. GMP: NIL.

When Magson Retail & Distribution Ltd IPO close?

The Magson Retail & Distribution Ltd IPO closes on 27 Jun 2023, Tuesday. UPI mandate: 2023-06-27. Allotment: 03 Jul 2023. Listing: 06 Jul 2023.