Magson Retail IPO GMP, Review, Price, Allotment

Last updated on July 6, 2023

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

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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

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Magson Retail Financial Performance

	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

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Magson Retail Offer News

• Magson Retail RHP
• Magson Retail Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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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

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Magson Retail IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
30 June 2023	–	–	–

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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

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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.

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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%)

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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: [email protected]
Website: www.iskadvisors.com

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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:  [email protected]
Website: www.bigshareonline.com

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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

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IPO FAQs