Madhusudan Masala IPO Subscription Status

Madhusudan Masala IPO subscription status started on September 18, 2023 and will close on September 21, 2023. Madhusudan IPO to raise around ₹23.80 crores via IPO. The retail quota is 35%, while QIB is 50% and HNI is 15%. The price band is fixed at ₹66 to ₹70 per equity share.

Madhusudan Masala IPO Subscription Status

Category	Subscription
QIB	7.47
NII	104.19
bNII (bids above ₹10L)	–
sNII (bids below ₹10L)	–
RII	230.60
Employee	–
Total	139.72

Madhusudan Masala IPO Investor Categories

Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
Retail Individual Investors (RII): Retail Individual Investors or NRIs
Employee (EMP): Eligible Employees
Others: Eligible Shareholders

Madhusudan Masala IPO Review

Company Overview

Madhusudan Masala is a Gujarat-based company engaged in the production and processing of spices. The company was founded in 1972 and is headquartered in Jamnagar, Gujarat. Madhusudan Masala offers a wide range of spices, including ground spices, blend spices, whole spices, and other food products. The company’s products are sold under the brand names “Double Hathi” and “Maharaja.”

Financial Highlights

Madhusudan Masala has a strong financial track record. The company’s revenue has grown steadily over the past few years, and its profitability has also improved.

Revenue: ₹240 crores (FY 2022-23)
Profit after tax: ₹20 crores (FY 2022-23)
Net margin: 8.33% (FY 2022-23)

The company’s financial performance is supported by its strong brand reputation and its dominant position in the salt market in Rajasthan. The company also benefits from its low-cost production base.

IPO Details

Madhusudan Masala is raising ₹240 crores through its IPO. The IPO price band is ₹66-70 per share. The IPO will open for subscription on September 18, 2023, and close on September 21, 2023.

Pros and Cons

Pros:

Strong financial track record with steady revenue growth and improved profitability.
Dominant position in the salt market in Rajasthan.
Low-cost production base.
IPO proceeds will be used to finance expansion plans, which will help the company to increase its production capacity and meet the growing demand.

Cons:

Facing increasing competition from established players in the industry.
Financial performance sensitive to the overall economic conditions.

Overall Assessment

Madhusudan Masala is a well-established spice manufacturing company with a strong financial track record. The company is well-positioned to benefit from the growing demand for spices in the country. The IPO proceeds will be used to finance expansion plans, which will help the company to increase its production capacity and meet the growing demand.

However, investors should carefully consider the risks involved before investing in the Madhusudan Masala IPO. The company is facing increasing competition from established players in the industry. The company’s financial performance is also sensitive to the overall economic conditions.

Investment Recommendation

Madhusudan Masala IPO is a good option for investors looking for exposure to the spice industry. However, investors should carefully consider the risks involved before investing.

Recommendation for retail investors:

Retail investors can apply for the Madhusudan Masala IPO if they are comfortable with the risks involved. The IPO is a good option for investors looking for exposure to the spice industry.

Recommendation for institutional investors:

Institutional investors can consider investing in the Madhusudan Masala IPO if they are looking for a well-established company with a strong financial track record.