Madhusudan Masala IPO


Madhusudan Masala Limited is engaged in manufacturing and processing of more than 32 types of spices under the brand names "Double Elephant" and "Maharaja". The company also offers whole spices, tea and other grocery products like Rajgira flour, papad, soy products, hing (asafoetida), achar masala (ready to make pickle powder), sanchar (black salt powder), sindhalu (rock salt powder). is , Katlu powder (dietary supplement), Kasuri Methi (dry fenugreek), etc. under the brand name of "Double Elephant". The company purchases whole spices in retail and bulk quantities as well as papad, soya products, hing (asafoetida), black salt, rock salt etc. through third-party manufacturers and packs them under the brand name of "Double Elephant".



    Madhusudan Masala IPO Date, Price & Offer Details

    Madhusudan Masala IPO will be open on 18-09-2023 and will close on 21-09-2023. The following table provides all the information related to Madhusudan Masala IPO including the date, price and offer details of Madhusudan Masala IPO

    Madhusudan Masala IPO Date, Price & Offer Details
    Issue Open 18-09-2023
    Issue Close 21-09-2023
    Allotment Date 26-09-2023
    Unblocked Amount 27-09-2023
    Credit Demat Amount 29-09-2023
    Listing Date 03-10-2023
    Issue Size
    34,00,000 Total Equity Share
    Issue Size ₹ 23.80 Cr
    IPO Price Band ₹ 66 - 70 Per Equity Share
    Minimum Share Bid 2000
    Minimum Investment Amount [₹]  ₹ 1,40,000
    Face Value ₹ 10 Per Equity Share
    Qualified Institutional Buyer [QIB] 19.00 %
    High Networth Individual [HNI] 14.29 %
    Retail Individual Investor [RII] 33.24 %
    Listing On NSE SME

    Madhusudan Masala Company Financial Report (₹ in Cr)

    As per we are checking Madhusudan Masala company financials report and we are displaying report data as shown in below table.

    Madhusudan Masala Company Financial Details (₹ in Cr)
    Financial Year Total Asset Total Revenue Total Expenses Profit After Tax
    FY-2020 - - - -
    FY-2021 25.99 68.75 68.13 0.44
    FY-2022 35.14 66.51 65.54 0.81
    FY-2023 57.36 127.50 119.77 5.75
    Read More :- Madhusudan Masala IPO GMP

    Madhusudan Masala Company Valuation Details

    As per we check Madhusudan Masala company financials report and we display company valuation report data as shown in below table

    Madhusudan Masala Company Valuation Details
    Earnings Per Share [EPS] ₹ 6.94
    Price/Earnings [P/E] Ratio 15.7
    Return on Net Worth [RoNW] 52.40 %
    Net Asset Value [NAV] ₹ - Per Share
    Read More :- Madhusudan Masala IPO Allotment Status

    Madhusudan Masala IPO Share Lot Size

    The share price of Madhusudan Masala IPO is ₹66 - 70. So in Madhusudan Masala IPO Minimum share lot is 1 lot with a 2000 share with an application amount of ₹1,40,000. And in retail category you can apply for a Maximum share lot is 1 lot with a 2000 share with an application amount of ₹1,40,000.

    Madhusudan Masala IPO Share Lot Size
    Apllication Lot Size Shares Total Amount
    Retail Min 1 2000 1,40,000
    Retail Max 1 2000 1,40,000
    Small HNI 2 4000 2,80,000
    Read More :- Investment Call

    Madhusudan Masala IPO Share Offer

    A total number of 34,00,000 shares have been offered in this public issue of Madhusudan Masala IPO, out of this total share 34,00,000 shares have been allotted for Fresh Issue and another 0 shares are to be offered for (OFS) offer for sale.

    Madhusudan Masala IPO Share Offer
    Category Share Offer Amount
    Fresh Issue: 34,00,000 23.80 Cr
    Offer For Sale: - -
    Total: 34,00,000 23.80 Cr
    Read More :- Upcoming IPO List

    Madhusudan Masala IPO Related Link
    Madhusudan Masala IPO GMP
    Madhusudan Masala IPO Subscription
    Madhusudan Masala IPO Allotment Status

    Madhusudan Masala IPO Subscription Details

    Madhusudan Masala Company has been issued total - shares through this IPO, a total - shares have been reserved for market movers for subscriptions as per the prospect report, and a total of - shares have been offered in QIB category and a total of - shares have been offered in RII.

    Madhusudan Masala IPO Subscription Details
    As on Date QIB NII RII Total
    Shared Offered 6,46,000 4,86,000 11,30,000 22,62,000
    Day-1
    [18-09-2023]
    5,16,000
    [0.8]
    87,70,000
    [18.05]
    5,14,90,000
    [45.57]
    6,07,76,000
    [26.87]
    Day-2
    [20-09-2023]
    48,28,000
    [7.47]
    5,06,38,000
    [104.19]
    26,05,76,000
    [230.6]
    31,60,42,000
    [139.72]
    Day-3
    [21-09-2023]
    5,61,44,000
    [86.91]
    27,91,76,000
    [574.44]
    66,97,82,000
    [592.73]
    1,00,51,02,000
    [444.34]

    Madhusudan Masala IPO Listing Details

    Madhusudan Masala IPO has been listed on 03-10-2023. On the below table we are providing all the listing details with target price and stop loss.

    Madhusudan Masala IPO Listing Details
    Listing Date 03-10-2023
    BSE Code -
    NSE Code -
    ISIN Code -
    IPO Price ₹ 66 -70
    Lot Size 2000
    Expected Listing Price ₹ - ₹ -
    Book Profit ₹ -
    Stop Loss ₹ -
    Listing Group -
    - -

    Madhusudan Masala IPO GMP, Grey Market Premium

    In the below table we are providing the latest rate of Madhusudan Masala IPO GMP, Kostak Rate, Subject to Sauda, Listing Gain and Rating of this Madhusudan Masala IPO.

    Madhusudan Masala IPO Grey Market Premium
    Madhusudan Masala IPO Grey Market Premium

    Madhusudan Masala IPO Allotment Status

    Madhusudan Masala IPO Allotment will be available on below link so click on below link and check your Madhusudan Masala IPO Allotment Status.

    Madhusudan Masala IPO Allotment Status
    Madhusudan Masala IPO Allotment Status
      Madhusudan Masala IPO Live Subscription
    Madhusudan Masala IPO Subscription in NSE
    Madhusudan Masala IPO Prospectus
    Madhusudan Masala IPO DRHP
    Madhusudan Masala IPO RHP

    Madhusudan Masala Company Contact Details

    Madhusudan Masala Limited
    F. P. No. 19, Plot No. 1 - B Hapa Road,
    Jamnagar, Gujarat-361001 India
    Contact Person: Megha Dilipkumar Madani,
    Company Secretary & Compliance Officer
    Tel No: +91- 0288 - 2572002;
    E-mail: info@madhusudanmasala.com;
    Website: www.madhusudanmasala.com.

    Madhusudan Masala IPO Registrar

    KFIN TECHNOLOGIES LIMITED
    Address: Selenium Tower-B, Plot 31 & 32,
    Gachibowli, Financial District,
    Nanakramguda, Serilingampally,
    Hyderabad – 500 032, Telangana
    Tel No.: +91 40 6716 2222
    Toll Free No.: 1800 309 4001
    Email: mml.ipo@kfintech.com
    Investor Grievance Email Id: einward.ris@kfintech.com
    Contact Person: M Murali Krishna
    Website: www.kfintech.com
    SEBI Registration Number: INR000000221

    Madhusudan Masala IPO Lead Managers

    HEM SECURITIES LIMITED
    904, A Wing, Naman Midtown,
    Senapati Bapat Marg,
    Elphinstone Road, Lower Parel,
    Mumbai-400013, India
    Tel. No.: +91- 022- 49060000;
    Fax No.: +91- 022- 22625991
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Website: www.hemsecurities.com
    Contact Person: Roshni Lahoti
    SEBI Regn. No. INM000010981

    Madhusudan Masala IPO FAQs

    What is the Madhusudan Masala IPO?
    Madhusudan Masala IPO is the Main Board IPO of 34,00,000 equity shares of the face value of ₹10 aggregating up to ₹23.80 Crores. The issue is priced at ₹66 to ₹70 per equity share. The minimum order quantity is 2000 Shares.

    Who is the registrar company of Madhusudan Masala IPO?
    Kfin Technologies Private Limited is the registrar company of Madhusudan Masala IPO.

    When is the Madhusudan Masala IPO Opening date?
    The Madhusudan Masala IPO Opening on 18-09-2023

    When is the Madhusudan Masala IPO Closing date?
    The Madhusudan Masala IPO Closing on 21-09-2023

    When is the Madhusudan Masala IPO allotment date?
    The Madhusudan Masala IPO Allotment will be done on 26-09-2023

    Madhusudan Masala IPO Allotment Status

    On what date will the Madhusudan Masala IPO amount be refunded?
    Madhusudan Masala IPO will refund the amount on 27-09-2023

    On which date Madhusudan Masala IPO Shares will be credited to the demat account?
    The Madhusudan Masala IPO Shares will be credited to your demat account on 29-09-2023.

    When is the Madhusudan Masala IPO listing date?
    The Madhusudan Masala IPO listing date is on 03-10-2023.

    What is the Madhusudan Masala IPO Price Band?
    Madhusudan Masala IPO Price Band is ₹66 to ₹70  per equity share.

    What is the lot size of the Madhusudan Masala IPO?
    Madhusudan Masala IPO the minimum bid is 2000 Shares with ₹1,40,000 amount and maximum bid is 2000 shares with ₹1,40,000.

    What is the expected Madhusudan Masala IPO Listing Price?
    As Per Grey Market Premium (GMP) and Market view we are expected to listing Madhusudan Masala IPO is around ₹ - to ₹ -

    What is the Madhusudan Masala IPO Expected Returns?
    As per Grey Market Premium (GMP), Madhusudan Masala IPO Expected Returns is -% .

    What is the NSE and BSE Code for the Madhusudan Masala IPO?
    The Madhusudan Masala IPO NSE Code is - and the BSE Code is -.

    What is the stop loss in the Madhusudan Masala IPO?
    If the Madhusudan Masala IPO goes below - then sell the Madhusudan Masala IPO.

    What will i do in Madhusudan Masala IPO?
    If the Madhusudan Masala IPO listing above - then sell the Madhusudan Masala IPO and book profit.

    How to check Madhusudan Masala IPO Allotment Status?
    Below we are provide all the step how to check Madhusudan Masala IPO allotment online

    • Go to the Madhusudan Masala IPO Allotment Status Link
    • Click on Click Here button
    • Select Madhusudan Masala IPO
    • Enter your details (PAN Number, Application Number, DP Client ID)
    • Click Search Button
    • After Click on Search button you will be able to see allotment status
    • How to Apply the Madhusudan Masala IPO?
    • You can apply for the Madhusudan Masala IPO using ASBA online through your internet banking.
    • You can also apply for the Madhusudan Masala IPO via your stock brokers’ office by filling up the offline application form and submitting  it to your Bank.

    Disclaimer:-

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