Magson Retail And Distribution IPO

Magson Retail And Distribution IPO will open for subscription from 23 June 2023. the company aims for an issue size of ₹13.74 Cr through this IPO.

Company Overview

Full nameMagson Retail And Distribution Limited
Company Website

About Company

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

The Objective of the Issue

  • To set up new organizations and stores under a franchise model & tie up with major suppliers,
  • Working Capital Requirement, and
  • General Corporate Purpose.

Magson Retail And Distribution IPO Timetable

IPO Opening date23 June 2023
IPO Closing27 June 2023
Basis of Allotment03 July 2023
Initiation Refund04 July 2023
Credit to Demat Account05 July 2023
Listing Date06 July 2023

Magson Retail And Distribution IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹13.74 Cr – 2,114,000 shares
Fresh Issue₹13.74 Cr – 2,114,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹65 per share
Lot size2000 Shares
Retail Allocation50%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
HNI (Min)24,000₹260,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income1.822.232.52
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.10
RONW (%)51.8138.9127.19

Company Promoters

  • Mr. Rajesh Emmanuel Francis
  • Mr. Manish Shivnarayan Pancholi

Promoter Holding

Pre Issue Share Holding95.89%
Post Issue Share Holding70.06%

Lead Manager(s)

501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002

IPO Registrar

1st Floor, Bharat Tin Works Building,
Opp. Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059
Phone: +91 – 22 – 62638200

Contact Details

204-B, Primate Complex, Opp. Mother Milk Palace,
Nr. Judges Bungalows Cross Roads,
Bodakdev, Ahmedabad 380015, Gujarat, India
Phone: +91 9978607507

Allotment Status

Magson Retail IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Magson Retail And Distribution IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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