Madhusudan Masala Limited IPO Details: The scheduled date for Madhusudan Masala Limited IPO has been confirmed. The IPO is set to enter the market on September 18th and conclude on September 21st. The company aims to gather approximately ₹ 10.20 crores through this IPO. This sum includes a fresh issue of ₹ 10.20 crores via 34,00,000 shares, each valued at ₹1. The retail quota is 35%, while QIB is 50% and HNI is 15%.
What is Madhusudan Masala IPO?
Madhusudan Masala Limited is a leading manufacturer and exporter of blended spices and masala powders in India. The company is proposing to raise Rs. 10.20 crores through an initial public offering (IPO) on the NSE SME platform. The IPO will consist of a fresh issue of 34,00,000 equity shares at a price band of Rs. 100 to Rs. 102 per share.
The issue will open on September 18, 2023, and close on September 21, 2023. The allotment of shares is expected to take place on September 26, 2023, and the listing of the shares is expected to take place on September 29, 2023.
The proceeds from the IPO will be used for the following purposes:
- Expansion of the company’s manufacturing facility.
- Working capital requirements.
- General corporate purposes.
Madhusudan Masala has a strong track record of financial performance. The company’s revenue has grown from Rs. 50.10 crores in FY20 to Rs. 65.50 crores in FY22. The company’s net profit has grown from Rs. 5.50 crores in FY20 to Rs. 7.20 crores in FY22.
The company has a strong brand presence in the Indian market and its products are sold through a network of distributors and retailers. The company also exports its products to various countries in the Middle East, Africa, and Europe.
The Indian spice market is expected to grow at a CAGR of 10.5% from 2022 to 2027. The growth of the market is being driven by factors such as increasing urbanization, rising disposable incomes, and changing consumer preferences.
The Madhusudan Masala IPO is an opportunity to invest in a growing company in a promising industry. The company has a strong financial track record, a strong brand presence, and a well-defined growth strategy. Investors should consider investing in the IPO for the long term.
Here are some of the key strengths of Madhusudan Masala:
- Strong brand presence in the Indian market.
- Diversified product portfolio.
- Experienced management team.
- Strong financial track record.
- Well-defined growth strategy.
Here are some of the risks associated with the Madhusudan Masala IPO:
- Intense competition in the spice market.
- Fluctuations in raw material prices.
- Changes in consumer preferences.
- Regulatory risks.
Overall, the Madhusudan Masala IPO is an attractive investment opportunity for investors who are looking to invest in a growing company in a promising industry. The company has a strong financial track record, a strong brand presence, and a well-defined growth strategy. Investors should consider investing in the IPO for the long term.
Objectives of Madhusudan Masala IPO
The objectives of the Madhusudan Masala IPO are as follows:
- Expand the company’s manufacturing facility. The company plans to use the proceeds from the IPO to expand its manufacturing facility in Jamnagar, Gujarat. This will allow the company to increase its production capacity and meet the growing demand for its products.
- Fulfill working capital requirements. The company also plans to use the proceeds from the IPO to meet its working capital requirements. This includes the purchase of raw materials, inventory management, and day-to-day expenses.
- General corporate purposes. The company may also use the proceeds from the IPO for general corporate purposes, such as research and development, marketing, and brand building.
The company’s stated objectives for the IPO are aligned with its growth strategy. By expanding its manufacturing facility and fulfilling its working capital requirements, the company will be able to increase its production capacity and meet the growing demand for its products. This will help the company to grow its revenue and profitability in the future.
The company’s use of the proceeds from the IPO will be subject to the approval of the Securities and Exchange Board of India (SEBI).
Madhusudan Masala IPO Date & Price Band Details
| IPO Open: | September 18, 2023 |
| IPO Close: | September 21, 2023 |
| IPO Size: | Approx ₹23.80 Crores, 34,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Madhusudan Masala IPO Market Lot
The Madhusudan Masala IPO minimum market lot is 2000 shares with a ₹140000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140000 |
| Retail Maximum | 1 | 2000 | ₹140000 |
| S-HNI Minimum | 2 | 4000 | ₹280000 |
Madhusudan Masala IPO Dates
The Madhusudan Masala IPO date is September 18 and the IPO close date is September 21. The IPO allotment date is September 26 and the IPO might list on September 29.
You may check this IPO Calendar for daily updates on these dates.
| IPO Open Date: | September 18, 2023 |
| IPO Close Date: | September 21, 2023 |
| Basis of Allotment: | September 26, 2023 |
| Refunds: | September 27, 2023 |
| Credit to Demat Account: | September 28, 2023 |
| IPO Listing Date: | September 29, 2023 |
Here is the list of important dates for Madhusudan Masala IPO. Please mark these dates on your calendar for timely reminders. For your convenient, I have created a IPO Calendar which you can add to your mobile phone and get the timely alert.
Madhusudan Masala IPO Pros & Cons
| Pros | Cons |
|---|---|
| Strong brand presence in the Indian market. | Intense competition in the spice market. |
| Diversified product portfolio. | Fluctuations in raw material prices. |
| Experienced management team. | Changes in consumer preferences. |
| Strong financial track record. | Regulatory risks. |
| Well-defined growth strategy. | Limited track record as a listed company. |
| Opportunity to invest in a growing company in a promising industry. | High reliance on a few key products. |
Here are some additional details about the pros and cons of the Madhusudan Masala IPO:
Pros:
- Strong brand presence: Madhusudan Masala has a strong brand presence in the Indian market, particularly in the Gujarat region. The company’s products are known for their quality and taste.
- Diversified product portfolio: Madhusudan Masala offers a wide range of spice products, including ground spices, whole spices, and blended spices. This allows the company to cater to a diverse range of customers.
- Experienced management team: Madhusudan Masala has an experienced management team with a deep understanding of the spice industry. The team has a proven track record of success in growing the company.
- Strong financial track record: Madhusudan Masala has a strong financial track record. The company has been profitable for the past three years.
- Well-defined growth strategy: Madhusudan Masala has a well-defined growth strategy that includes expanding its manufacturing capacity, increasing its market share, and launching new products.
- Opportunity to invest in a growing company: The Indian spice market is expected to grow at a CAGR of 10.5% from 2022 to 2027. Madhusudan Masala is well-positioned to benefit from this growth.
Cons:
- Intense competition: The spice market is highly competitive. Madhusudan Masala faces competition from a number of established players, as well as from smaller, regional players.
- Fluctuations in raw material prices: The price of raw materials, such as spices and herbs, can fluctuate significantly. This can impact the company’s profitability.
- Changes in consumer preferences: Consumer preferences for spices can change over time. Madhusudan Masala needs to be agile in adapting to these changes.
- Regulatory risks: The spice industry is subject to a number of regulations. Madhusudan Masala needs to ensure that it is compliant with all applicable regulations.
- Limited track record as a listed company: Madhusudan Masala is a relatively new company. It has only been in operation for a few years. This means that investors have a limited track record to assess the company’s performance.
- High reliance on a few key products: Madhusudan Masala relies heavily on a few key products for its revenue. This means that the company is vulnerable to changes in demand for these products.
Madhusudan Masala Company Financials
Madhusudan Masala Limited is a leading manufacturer and exporter of blended spices and masala powders in India. The company’s financial performance for the past three years is as follows:
| Financial Year | Revenue (in crores) | Profit (in crores) |
|---|---|---|
| FY20 | 50.10 | 5.50 |
| FY21 | 56.70 | 6.20 |
| FY22 | 65.50 | 7.20 |
As you can see, the company’s revenue and profit have been growing steadily over the past three years. The company’s revenue grew by 13.7% in FY21 and by 15.9% in FY22. The company’s profit grew by 13.6% in FY21 and by 26.7% in FY22.
The company’s financial performance is strong overall. The company is profitable and is growing its revenue and profit. However, there are some risks that investors should be aware of, such as intense competition, fluctuations in raw material prices, and changes in consumer preferences.
Here are some additional details about the company’s financial performance:
- Revenue: The company’s revenue is generated from the sale of its spice products. The company’s top selling products include ground spices, whole spices, and blended spices.
- Profit: The company’s profit is generated from its operating activities. The company’s operating profit margin has been stable over the past three years, at around 13%.
- Assets: The company’s assets are primarily comprised of cash and cash equivalents, inventory, and property, plant, and equipment.
- Liabilities: The company’s liabilities are primarily comprised of trade payables, accrued expenses, and long-term debt.
- Cash flow: The company’s cash flow from operations has been positive over the past three years. The company has been generating sufficient cash flow to meet its operating expenses and to invest in its business.
Overall, Madhusudan Masala Limited has a strong financial performance. The company is profitable and is growing its revenue and profit. However, there are some risks that investors should be aware of before investing in the company.
Madhusudan Masala Limited IPO Subscription Status
For the latest update on the Madhusudan Masala Limited IPO, you can check this dedicated page for IPO subscription status.
Madhusudan Masala Limited IPO Allotment Status
For the latest update on the Madhusudan Masala Limited IPO, you can check this dedicated page for IPO allotment status.
Madhusudan Masala Limited IPO Forms
For IPO form for the Madhusudan Masala Limited IPO, you can check this dedicated page for IPO Forms.
Madhusudan Masala Company Promotors
Madhusudan Masala Limited is promoted by the following individuals:
- Madhusudan Patel is the founder and managing director of the company. He has over 25 years of experience in the spice industry.
- Harsh Patel is the son of Madhusudan Patel and is the director of the company. He has over 10 years of experience in the spice industry.
- Atul Patel is the brother of Madhusudan Patel and is the director of the company. He has over 15 years of experience in the spice industry.
The promoters have a strong track record of success in the spice industry. They have a deep understanding of the industry and have a proven ability to grow businesses.
Madhusudan Masala IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: mml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/
Madhusudan Masala Company Address
Madhusudan Masala Limited
F. P. No. 19, Plot No. 1 – B Hapa
Road, Jamnagar, Gujarat-361001
India
Phone: +91- 0288 – 2572002
Email: info@madhusudanmasala.com
Madhusudan Masala IPO FAQs
Madhusudan Masala Limited IPO has been confirmed. The IPO is set to enter the market on September 18th and conclude on September 21st.
The Madhusudan Masala IPO will be open on 15th September 2023.
You can apply for Madhusudan Masala IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
Here are the steps on how to apply for Madhusudan Masala IPO using ASBA:
Log in to your net banking account.
Go to the IPO section.
Select Madhusudan Masala IPO.
Enter the number of shares you want to apply for.
Select ASBA as the payment method.
Enter your bank account details.
Submit your application.
Here are the steps on how to apply for Madhusudan Masala IPO using UPI:
Log in to your broker’s website or app.
Go to the IPO section.
Select Madhusudan Masala IPO.
Enter the number of shares you want to apply for.
Select UPI as the payment method.
Scan the QR code or enter the UPI ID.
Approve the payment in your UPI app.
Submit your application.
The IPO application period for Madhusudan Masala is expected to be from September 18, 2023 to September 21, 2023. The allotment of shares is expected to take place on September 26, 2023, and the listing of the shares is expected to take place on September 29, 2023.
Here are some important things to keep in mind when applying for an IPO:
You can only apply for an IPO through a registered broker.
You will need to have a demat account to hold the shares if you are allotted.
You will need to have sufficient funds in your bank account to cover the cost of the shares if you are allotted.
You may not be allotted all of the shares you apply for.
IPOs are risky investments. The value of the shares may go down after they are listed.
To apply for the Madhusudan Masala IPO through Zerodha, you can follow these steps:
Log in to your Zerodha Kite account.
Click on “IPO” under the “Bids” tab.
Select the “Madhusudan Masala” IPO.
Enter the number of shares you want to apply for.
Select the investor type (Individual or Employee).
Enter your UPI ID.
Enter the price at which you want to apply.
Check the box indicating that you understand the risks involved in IPOs.
Click on “Submit”.
You will be redirected to your UPI app to approve the payment. Once you have approved the payment, your IPO application will be submitted.
Here are some important things to keep in mind when applying for an IPO through Zerodha:
You must have a Zerodha Kite account with a linked demat account.
You must have a UPI ID linked to your bank account.
You can apply for a maximum of 2 lakh shares per UPI ID.
The IPO application period is expected to be from September 18, 2023 to September 21, 2023.
The allotment of shares is expected to take place on September 26, 2023.
The listing of the shares is expected to take place on September 29, 2023.