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IPO

IPO Details


Magson Retail and Distribution Ltd
Registered Office: 204-B,Primate Complex, Opp Mot, -her Milk Palace,Nr Judges Bng, Ahmedabad - 380015, Gujarat
Phone: +91 9978607507
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 Money Payable On
Opens On Closes On Application Allotment
23-Jun-2023 27-Jun-2023 ₹ 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 13.24 ISK Advisors Pvt Ltd
Project Financed through Current Offer 13.74
Post Issue Equity Share Capital 7.85
Issue Price ₹65.00
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

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)