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Magson Retail and Distribution Ltd

Registered Office : 204-B,Primate Complex, Opp Mot,-her Milk Palace,Nr Judges Bng,Ahmedabad Gujarat 380015 Phone : +91 9978607507
Fax :

Email : cs.magson@gmail.com

Website : www.magson.in

Initial public offer of upto 21,14,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Magson Retail and Distribution Limited (the "Company" or "MRDL" or "The Issuer") for cash at an issue price of Rs. 65 per equity share (including a share premium of Rs. 55 per equity share) (the "Issue Price"), aggregating to Rs. 13.74 crores ("The Issue"), of which upto 1,06,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 20,08,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.93% and 25.58%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 6.5 times of the face value.

Issue

Opens On

Closes On

23-Jun-2023

27-Jun-2023

Money Payable On

Application

Allotment

65.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

13.24

13.74

7.85

65.00

ISK Advisors Pvt Ltd

Projects

For opening new stores under franchise model

Working capital requirement

General corporate purpose

Promoted By

Rajesh Emmanuel Francis

Manish Shivnarayan Pancholi

Jennifer Rajesh Francis

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd