The Madhusudan Masala IPO has begun on 18-September-2023. It will close on 21-September-2023. The Total IPO Size is 23.80 Crores. The company set its IPO price is 66-70 Rs Per Share. Basically, There are three basic categories in Madhusudan Masala IPO Subscription 1) QIB 2) NNII 3) Retail Individual Investors (RIIs)
Madhusudan Masala is established in 1982.
Madhusudan Masala is engaged in the business of manufacturing and processing of more than 32 types of Spices under the brand names of “DOUBLE HATHI” and “MAHARAJA”.
They also sell products like: Whole Spices, Tea and Other Grocery Products like: Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek) etc under the brand name of “DOUBLE HATHI”.
They operate from their manufacturing facility located at Jamnagar, Gujarat. Our manufacturing unit is situated at Industrial Area Hapa, Near Jamnagar.
Check :- Upcoming SME IPO 2023
Madhusudan Masala IPO Promotors
Mr. Dayalji Vanravan Kotecha, Mr. Vijaykumar Vanravan Kotecha, Mr. Rishit Dayalaji Kotecha, and Mr. Hiren Vijaykumar Kotecha are the promoters of the company.
Madhusudan Masala IPO Date, Details & Price Band
| IPO Opening Dates | 18 September 2023 |
| IPO Closing Dates | 21 September 2023 |
| Price Band | 66-70 Rs |
| Fresh issue | 23.80 Crore ( 34,00,000 Shares ) |
| Total IPO size | 23.80 Crore ( 34,00,000 Shares ) |
| Minimum bid (lot size) | 2000 Shares |
| Face Value | 10 INR Per Share |
| Listing On | NSE SME |
Madhusudan Masala IPO Market Lot
The Madhusudan Masala IPO minimum market lot is 2000 shares With 1,40,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 2000 | 1,40,000 Rs |
| Maximum | 1 | 2000 | 1,40,000 Rs |
| S-HNI (Min) | 2 | 4000 | 2,80,000 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | Basic & Diluted | |
| 31-Mar-21 | 2,599.90 | 6,875.18 | 44.98 | 8.53 |
| 31-Mar-22 | 3,514.29 | 6,651.81 | 81.29 | 15.41 |
| 31-Mar-23 | 5,736.52 | 12,750.57 | 575.89 | 6.94 |
Madhusudan Masala IPO GMP Grey Market Premium
Madhusudan Masala IPO GMP Grey market premium has been started today. Check Latest Madhusudan Masala IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Madhusudan Masala IPO Prospectus
| DRHP | Download |
| RHP | Download |
Madhusudan Masala IPO Reviews
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Madhusudan Masala IPO Form Download
Madhusudan Masala IPO is available on NSE Website as well as on our Portal. Please click here Madhusudan Masala IPO form Download.
Madhusudan Masala IPO Allotment Date & Details (Tentative)
| Allotment Date | 26 September 2023 |
| Initiation of refunds | 27 September 2023 |
| Transfer of shares to Demat accounts | 28 September 2023 |
| Listing Date | 03 October 2023 |
| Check Allotment Status | Click here |
Registrar of Madhusudan Masala IPO
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: [email protected]
Investor Grievance Email Id: [email protected]
Contact Person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration Number: INR000000221
Madhusudan Masala Contact Details
Madhusudan Masala Limited
F. P. No. 19,
Plot No. 1 – B Hapa Road,
Jamnagar – 361001
Phone: +91- 0288 – 2572002
Email: [email protected]
Website: https://www.madhusudanmasala.com/
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: [email protected]
Investor Grievance Email: [email protected]
Website: www.hemsecurities.com
Contact Person: Roshni Lahoti
SEBI Regn. No. INM000010981
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