IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Madhusudan Masala Ltd

Registered Office : F P No 19 Plot # 1 B Hapa Road,Jamnagar,Gujarat Gujarat 361001 Phone : 0288-2572002
Fax :

Email : info@madhusudanmasala.com

Website : www.madhusudanmasala.com

Initial public offer of upto 34,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Madhusudan Masala Limited ("The Company" or "Madhusudan" or "The Issuer") at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 23.80 crores ("Public Issue") out of which 1,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.20 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 32,28,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 22.60 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.36% and 25.02 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10 and issue price is Rs. 70 the issue price is 7 times of the face value of the equity share.

Issue

Opens On

Closes On

18-Sep-2023

21-Sep-2023

Money Payable On

Application

Allotment

70.00

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)

21.26

23.80

12.90

70.00

Hem Securities Ltd

Projects

Funding to meet working capital requirements

General corporate purposes

Promoted By

Dayalji Vanravan Kotecha

Vijaykumar Vanravan Kotecha

Rishit Dayalaji Kotecha

Listing At

NSE - SME

Registrar to the Issue

KFin Techologies Ltd