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 name | Magson Retail And Distribution Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.magson.in/ |
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 date | 23 June 2023 |
| IPO Closing | 27 June 2023 |
| Basis of Allotment | 03 July 2023 |
| Initiation Refund | 04 July 2023 |
| Credit to Demat Account | 05 July 2023 |
| Listing Date | 06 July 2023 |
Magson Retail And Distribution IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.74 Cr – 2,114,000 shares |
| Fresh Issue | ₹13.74 Cr – 2,114,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹65 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
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 |
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 |
Company Promoters
- Mr. Rajesh Emmanuel Francis
- Mr. Manish Shivnarayan Pancholi
Promoter Holding
| Pre Issue Share Holding | 95.89% |
| Post Issue Share Holding | 70.06% |
Lead Manager(s)
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
IPO 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: ipo@bigshareonline.com
Website: www.bigshareonline.com
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: cs.magson@gmail.com
Website: www.magson.in
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
