Madhusudan Masala Limited IPO : Key Information

Madhusudan Masala Limited IPO is set to launch on 18 September, 2023. The company is engaged in the business of manufacturing spices and processing them as well. Madhusudan masala Limited has 32 types of spices under two brand names Maharaja and Double Hathi.

The product line of the company includes tea, Whole Spices, papad, Rajgira Flour, Soya products, Achar masala, Asafoetida, Sindhalu, Sanchar, Kasuri methi, Katlu Powder, etc. Its entire product list is segregated into two types namely Ground spice and blend spices. The manufacturing facility of the company is located in Jamnagar.

Madhusudan Masala Limited IPO DETAILS

Madhusudan Masala Limited IPO is set to launch on 18 September, 2023. The subscription timeline extends till 21 September, 2023. The size for the IPO is 23.80 Crore Rs. Shares issued through fresh issue mode are worth 23.80 Crore Rs. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 66 Rs to 70 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Madhusudan Masala Limited IPO

IPO OPENING DATE	18 September, 2023
CLOSING DATE FOR IPO	21 September, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	66 Rs to 70 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	23.80 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	23.80 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	3 October, 2023

Madhusudan Masala Limited IPO : IMPORTANT DATES

IPO OPENING DATE	18 September, 2023
CLOSING DATE FOR IPO	21 September, 2023
IPO ALLOTMENT DATE	26 September, 2023
REFUNDS	27 September, 2023
DEMAT A/C CREDITED ON	29 September, 2023
IPO LISTING DATE	3 October, 2023

Madhusudan Masala Limited IPO begins for subscription from 18 September, 2023. The IPO subscription would continue till 21 September, 2023. The allotment status for the shareholders who applied would come on 26 September, 2023. The refunds for the ones who did not get allotment would be initiated on 27 September, 2023. The DEMAT accounts of shareholders would be credited on 29 September, 2023. The listing of the company would be completed on 3 October, 2023.

Madhusudan Masala Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	140000 Rs.
Maximum	4000 shares	280000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	2599	3514	5736
Revenue	6875	6651	12750
PAT	44	81	576

Madhusudan Masala Limited had an asset base of 2599 Lakh Rs in 2021 which increased to 3514 Lakh Rs in 2022 and 5736 Lakh Rs in 2023. The revenue of the company was 6875 lakh Rs in 2021. However this came down to 6651 Lakh Rs in 2022. In the year 2023 the revenue of the frim jumped to 12750 Lakh Rs. This is more than 90% increase in the same as compared to the 2022 figures. The profit of the firm was 44 Lakh Rs in 2021. This increased to 81 Lakh Rs in 2022 and then jumped to a mega 576 Lakh Rs in the year 2023.

PROS

• Madhusudan masala Limited has 32 types of spices under two brand names Maharaja and Double Hathi.
• The product line of the company includes tea, Whole Spices, papad, Rajgira Flour, Soya products, Achar masala, Asafoetida, Sindhalu, Sanchar, Kasuri methi, Katlu Powder, etc. Its entire product list is segregated into two types namely Ground spice and blend spices.
• The manufacturing facility of the company is located in Jamnagar.

CONS

• The company works in a highly competitive segment.

Madhusudan Masala Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Madhusudan Masala Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.