Magson Retail IPO description – Incorporated in 2018, Magson Retail & Distribution (MRDL) is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods.
Retail Business: The company operates 26 retail stores/outlets of which 16 are operated by the company and 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’. As on 31 March 2023, MRDL employs 149 employees.
The company stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Gujarat, Anand, Gujarat, Rajkot, Gujarat, Jamnagar, Gujarat and Gandhidham, Gujarat. Three stores each in Surat, Gujarat, Vadodara, and Gujarat 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-store being more than 3000 units.
The company has a wide range of product offerings with over 3000 SKU counts. MRDL product offerings can be divided into the following categories:
- Frozen food Vegetarian and Non-vegetarian
- Premium Cheese and Dairy products
- Exotic Vegetables and fruits
- Ambient Products
- Imported/ luxury Chocolates
- Imported packed products
Promoters of Magson Retail – Mr. Rajesh Emmanuel Francis, and Mr. Manish Shivnarayan Pancholi
Table of Contents
Magson Retail IPO Details
| Magson Retail IPO Dates | 23 – 27 Jun 2023 |
| Magson Retail IPO Price | INR 65 per share |
| Fresh issue | 21,14,000 shares (INR 13.74 crores) |
| Offer For Sale | NIL |
| Total IPO size | 21,14,000 shares (INR 13.74 crores) |
| Minimum bid (lot size) | 2,000 shares (INR 130,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Magson Retail Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 53.56 | 55.54 | 62.82 |
| Expenses | 51.15 | 53.12 | 59.65 |
| Net income | 1.82 | 2.23 | 2.52 |
Magson Retail Offer News
- Magson Retail RHP
- Magson Retail Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Magson Retail Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.17 | 3.89 | 4.96 |
| PE ratio | – | – | 13.10 |
| RONW (%) | 51.81 | 38.91 | 27.19 |
| NAV | – | – | 16.14 |
Magson Retail IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 June 2023 | – | – | – |
Magson Retail IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,110,000 | 1,004,000 | 2,114,000 |
| 27 Jun 2023 | 5.60 | 7.33 | 6.42 |
| 26 Jun 2023 | 1.02 | 2.34 | 1.65 |
| 23 Jun 2023 | 0.51 | 0.63 | 0.57 |
Magson Retail IPO Allotment Status
Magson Retail IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Magson Retail IPO Dates & Listing Performance
| IPO Opening Date | 23 June 2023 |
| IPO Closing Date | 27 June 2023 |
| Finalization of Basis of Allotment | 3 July 2023 |
| Initiation of refunds | 4 July 2023 |
| Transfer of shares to demat accounts | 5 July 2023 |
| IPO Listing Date | 6 July 2023 |
| Opening Price on NSE SME | INR 91.15 per share (up 40.23%) |
| Closing Price on NSE SME | INR 95.70 per share (up 47.23%) |
Magson Retail Offer Lead Manager
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email:Â [email protected]
Website:Â www.iskadvisors.com
Magson Retail Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Phone: +91 – 22 – 62638200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Magson Retail Contact Details
MAGSON RETAIL AND DISTRIBUTION LIMITED
204-B, Primate Complex, Opp. Mother Milk Palace,
Nr. Judges Bungalows Cross Roads,
Bodakdev, Ahmedabad 380015, Gujarat, India
Phone: +91 9978607507
E-mail: [email protected]
Website: www.magson.in
IPO FAQs
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 IPO GMP today?
Magson Retail IPO GMP today is INR NA per share.
What is Magson Retail kostak rate today?
Magson Retail kostak rate today is INR NA per application.
What is Magson Retail Subject to Sauda rate today?
Magson Retail Subject to Sauda rate today is INR NA per application.
