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Madhusudan Masala Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Madhusudan Masala Ltd IPO

Registered Office: F P No 19 Plot # 1 B Hapa Road,Jamnagar , Gujarat - 361001 , Gujarat , India.
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 Money Payable On
Opens On Closes On Application Allotment
18-Sep-23 21-Sep-23 (Rs)70.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 21.26
Hem Securities Ltd
Project Financed through Current Offer 23.80  
Post Issue Equity Share Capital 12.90  
Issue Price (Rs)70.00  
 
Projects
Funding to meet working capital requirementsGeneral corporate purposes
Promoted By
Dayalji Vanravan Kotecha  
Vijaykumar Vanravan Kotecha  
Rishit Dayalaji Kotecha  
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd